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Showing 1971 - 1980 of 7104 results for "June 2023"

Most complained about super funds revealed

JAMIE WILLIAMSON  |  FRIDAY, 7 FEB 2020
Analysis of AFCA complaints data regarding the most complained about superannuation funds in the body's first eight months of operation shows an almost even split between industry and retail funds. AFCA started operating on 1 November 2018 and data ...

Chief economist update: Coronavirus threatens Tokyo Olympics

BENJAMIN ONG  |  FRIDAY, 7 FEB 2020
The sooner the coronavirus is licked, the better for everybody - more so for Japan. The Diamond Princess Cruise Ship underscores the positive impact of tourism on Japan's economy. The nearly 4000 tourists quarantined aboard the ship due to the coronavirus ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
New life insurance claims data shows the impact cancer continues to have on the lives of Australians, with more than $1.5 billion paid out in the last financial year. According to data produced in partnership between the Financial Services Council and ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
A new fee introduced by Australia's largest superannuation fund has divided the industry, with many questioning its legitimacy. Earlier this month AustralianSuper notified members it would be introducing a new fee called 'Administration fee ...

Regulators should face consequences for non-compliance: FSC

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
The Financial Services Council is calling for ASIC and APRA to face consequences for failing to cooperate with one another. In a submission to Treasury on exposure draft legislation for the Financial Regulator Reform (No.2) bill, the FSC said it generally ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
Almost 3000 financial advisers across Australia have just received their results for the final Financial Adviser Standards and Ethics Authority exam for 2019. Over 86% of the 2981 advisers who sat the exam have passed. The exam was held in eight metropolitan ...

New chief at HSBC Australia

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
HSBC today announced the appointment of a new chief executive for its Australian business. Kaber Mclean will step into the role, effective March 2020. Mclean will be responsible for leading HSBC's in Australia as it seeks to expand market share ...

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
... sentiment. Recall that the RBA lowered interest rates in June 2019 - consumer sentiment fell from 101.3 in May to 100.7 in June - and in July 2019 - consumer sentiment fell to 96.5 points, rose to a reading of 100.0 before starting to slide again to ...