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Showing 2781 - 2790 of 17956 results for "Bank"

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
The Financial Services Council has hit back at claims made by Industry Super Australia that retail super funds rort members out of billions of dollars. ISA made the statement back in December last year when responding to the Morrison government's announcement ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... contraction would have been worst and the rate of joblessness higher had it not been for the Morrison government and the Reserve Bank of Australia's (RBA) swift and forceful responses. JobKeeper, JobSeeker, Homebuilder, among others, and the RBA's ...

PYSP reunites $4.3bn of lost super

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... individuals' active super accounts, and approximately 995,000 accounts worth $573 million paid proactively into individuals' bank accounts - a power that only the ATO has," the minister for superannuation, financial services and digital economy Jane ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
The way in which financial advice is regulated in New Zealand has changed, with a host of new requirements introduced and robo-advice now subjected to the same rules as advice delivered in person. From March 15, all providers of financial advice to ...

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
ASIC deputy chair Karen Chester has confirmed that she wants to be considered for the role as chair of the corporate regulator, taking over from James Shipton who will step down as soon as the right candidate is announced. A Senate Parliamentary Joint ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
The Reserve Bank of Australia (RBA) has told financial institutions they must be prepared for the "imminent demise" of LIBOR. RBA assistant governor (financial markets) Christopher Kent said as the deadline for LIBOR is fast approaching, financial institutions ...

360 Capital to raise $93m

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... and managing Australian and New Zealand debt investments. Currently, Dealt's electronic marketplace has 67 Australian non-bank lenders and 485 brokers signed up to its platform. In a letter to shareholders and investors, 360 Capital chair David van Aanholt ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... March 2021 'Interim Economic Outlook' report pencilled in a 7.8% expansion this year. In January this year, the World Bank (WB) forecast China's GDP to grow by 7.9% in 2021 predicated on "the release of pent-up demand and a quicker-than-expected ...

Colonial First State names executive chair

JAMIE WILLIAMSON  |  THURSDAY, 18 MAR 2021
... lead the business, supporting the execution of strategy and overseeing a program of significant investment by Commonwealth Bank and KKR "to make CFS one of the most competitive superannuation and investments businesses in Australia, which will benefit ...

Banks should pay advice exit levy: TAA

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy. Earlier this month the Australian ...