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Showing 211 - 220 of 3279 results for "Recover"

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... of creditors, ASIC said, noting that the deed imposed conditions which adversely affected Dixon Advisory's right to recover the $19 million debt. The creditors included thousands of financial advice clients who invested in the US Masters Residential ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... hitting a new record high of 203.2 points. The pause will allow Australia's property and mortgage markets to stabilise and recover, following a rapid sequence of rate rises over the preceding 12 months, according to PEXA chief economist Julie Toth. "National ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... population. "Disruptions to financial services can cause a major detrimental impact to the people who rely on them to pay bills, recover from financial loss or support themselves in retirement," he said. "The need for APRA's new standard has been ...

FRAA provides roadmap for improved super regulation by APRA

ANDREW MCKEAN  |  FRIDAY, 14 JUL 2023
The Financial Regulator Assessment Authority (FRAA) has affirmed the effectiveness of APRA in superannuation supervision, while identifying underdevelopment in the regulator's resolution function. The FRAA tabled five recommendations for APRA to enhance ...

Brighter Super sees double-digit returns

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
Brighter Super has reported double-digit returns across several of its investment options for FY23, owing largely to its oversized equities allocations. Brighter Super's MySuper option produced a 12-month return of 10.62%, while its Growth option returned ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... Valley Bank's (SVB) parent company SVB Financial Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds has impacted ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
Investors abandoned unlisted managed equity funds in record amounts in the June quarter, data from Calastone reveals, as they look to cash and fixed interest for security. Some $2.8 billion is the largest outflow Calastone has recorded in the last five ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
The super fund delivered 10.7% to members sitting in its default MySuper Lifecycle option, with investment chief Damian Graham saying a pivot away from certain unlisted asset sectors proved the right call. Aware's default MySuper option is a lifecycle ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
While super funds' returns might have recovered, member satisfaction certainly hasn't. In fact, a new report shows it's fallen even further. The latest CSBA FEAL Superannuation CX Benchmarking report found 25% of members who had recently engaged with ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... pertaining to IT support, property, and corporate services, and legal. In terms of the work ASIC said it is looking to recover costs on, the strategic work undertaken this financial year in the advice space that the regulator highlighted related to the ...