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Showing 2301 - 2310 of 14210 results for "Interest"

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
The Federal Court dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... back to a product-first methodology." Henderson said she raised this issue directly with Levy who responded that best interest requirements would remain a part of the good advice framework. "Specifically, indicating that the advice needs to reasonably ...

Members want super funds to adopt crypto: Survey

ANDREW MCKEAN  |  THURSDAY, 29 SEP 2022
... Overall, Mohan perceived that volatility and historical narratives were the two biggest extinguishers of institutional interest.

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
The Listed Investment Companies & Trusts Association (LICAT) has pulled no punches in its reprimand of the proposed legislative changes to franked distributions funded by capital raisings. In a submission to Treasury, LICAT explained that while there ...

RBA progresses digital currency project

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
... will be capped at an amount to be determined by the RBA considering the requirements of selected use case providers. No interest will be paid by the RBA on any holdings of eAUD and only Australian-registered entities and Australian resident individuals ...

Vanguard to liquidate factor ETF

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2022
Vanguard is liquidating one of its US active ETFs, in what is reported to be a first for the company. Vanguard announced the US$44.2 million US Liquidity Factor ETF will be wound up in late November. Since its inception in 2018, the product has not ...

Caddick mansion officially on the market

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2022
... made to the property in recent months to prepare it for sale. The sale campaign is being conducted via an Expressions of Interest process, scheduled to close October 31. A private auction will occur thereafter if required. According to the Sydney Morning ...

Time to throw out the antiquated lifetime annuity mindset

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
... annuities has been quite negative over the decade, the retirement product marred by its linkage to CPI in a contracting interest rate environment. "Also, once you're in the type of product, linked to a return, that's it. There's no more advice to be ...

No escaping volatility: AMP

ANDREW MCKEAN  |  FRIDAY, 23 SEP 2022
... expect that there could be some more weakness in shares to come because the markets are still pricing in higher risks of interest rate rises as inflation remains high. When we have this rising rate environment, the outcome of that will be that growth ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
The Federal Reserve has raised benchmark interest rates by another 0.75% and warned of further significant hikes to come. The Fed's funds rate is now in the range of 3%-3.25%, which is the highest it's been since before the Global Financial Crisis. ...