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Showing 2041 - 2050 of 14210 results for "Interest"

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
Interest rates may well be higher than previously anticipated following stronger economic data, said Federal Reserve chair Jerome Powell before the House Financial Services Committee. Providing testimony yesterday, Powell explained the Fed will continue ...

Morrison Securities stake to net Sequoia $40m

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... Morrison Securities to a digital wealth platform for $40.5 million. The listed wealth group is divesting 80% of its equity interest in the stockbroker to New Quantum Holdings, leaving Sequoia's balance sheet debt-free and with net working capital of ...

ETFs gaining popularity with female investors

CHLOE WALKER  |  THURSDAY, 9 MAR 2023
Women now make up 42% of Betashares' investor registrar, up 37% from 2021. Sharing new data in honour of International Women's Day, Betashares said the most popular of its products held by women are the NASDAQ 100 (NDQ), the Global Sustainability Leaders ...

Unpopular funds garner higher returns: Research

CHLOE WALKER  |  THURSDAY, 9 MAR 2023
... average returns, however, typically don't last forever," Rainmaker said. "The circumstances (such as growth style bias, low interest rates) that may have supported those returns inevitably changes." As new money is invested, it is invested at higher ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... role of the CSLR in compensating eligible consumers. Despite DASS being ordered to pay $7.2 million for violating best interest obligations towards eight clients, 1700 complainants are still uncertain about receiving compensation. In 2022, DASS administrators ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... said today while speaking at the Financial Review Business Summit. "It's a matter of logic really - as you increase interest rates higher, you get closer to a point where it is appropriate to stop for a while and just assess the flow of data." Referencing ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... relies on written documentation to do its job to understand what occurred and if the advice was provided in the best interest of a client, he said.

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... are not good for consumers and a different solution needs to be found," he added. Finally, he said, redefining the Best Interest Duty (BID) and removing Safe Harbour steps should also be prioritised. The original QAR proposal suggested removing the legislated ...

Centuria adds to glasshouse portfolio

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
... alternative real estate sectors, including agriculture. "We believe strong demand fundamentals will drive continued investor interest in agricultural real estate and Centuria will continue to seek high quality assets, leased to reputable operators with ...