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Showing 241 - 250 of 3122 results for "Crisis"

AustralianSuper increases investment fees

ANDREW MCKEAN  |  THURSDAY, 25 AUG 2022
... reported an annual return of -2.73% for its Balanced MySuper option - its first negative return since the Global Financial Crisis. Meanwhile, according to Rainmaker Information data, AustralianSuper's bump in investment fees on its MySuper option ...

Adviser standards consultation commences

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2022
... be 10 consecutive years. The 15-year period was selected as it covers significant events, including the Global Financial Crisis, Treasury said. This proposal is a win for female advisers as they are more likely to be working part-time or to have spent ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... Commissioner Kenneth Hayne. Three months later it ceased selling life insurance and flagged the likelihood of a liquidity crisis before suspending trading in February 2019 before committing to divest all its operations - including financial advice business ...

Cash was king in FY22: Vanguard

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... only asset class to generate a positive return in FY22 was cash - a title it hasn't held since the Global Financial Crisis. Vanguard has released its 2022 Index Chart, capturing every major asset class over the last 30 years. The data shows that ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... "Coming off of last year's historic economic growth - and regaining all the private sector jobs lost during the pandemic crisis - it's no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation." Biden went ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... rapidly rising cost of living." ACTU president Michele O'Neil commented: "Corporate Australia is causing the cost-of-living crisis by passing on price increases and refusing to give working people decent pay rises. This is all about protecting their ...

Sri Lanka announces bankruptcy

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
... collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like food, fuel, cooking gas, and medicines. ...

UK regulator appoints Camille Blackburn to leadership team

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
... known for her time as senior executive leader, investment banking at ASIC in the lead up to and during the Global Financial Crisis. She was also involved in the Capability Review of the regulator in 2016. She has also previously served as global head ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... reports an annual return of -2.73% for its Balanced MySuper option - its first negative return since the Global Financial Crisis. More than 90% of the fund's members are invested in this option. Reflecting the impact of the GFC, Rainmaker's data shows ...

Dodge volatility, invest in global equities: Report

CASSANDRA BALDINI  |  TUESDAY, 5 JUL 2022
... sheets, or will have difficulties accessing finance at reasonable rates," he said. "Investors need to look through the crisis or dislocation as best they can and know that there is always the other side, patience tends to be rewarded."