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Showing 261 - 270 of 3224 results for "April 14"

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
The Federal Court has ruled in ASIC's favour, finding that a 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
ASIC cancelled the AFS Licence (AFSL) of timeshare company Ultiqa Lifestyle Promotions, which has been in trouble in the past for providing bad financial advice. Ultiqa's failure to pay an Australian Financial Complaints Authority (AFCA) determination ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
The International Monetary Fund (IMF) has revised its inflation predictions for 2025, upping Australia's consumer price index expectations from 2.8% to 3.6%. In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
The European Central Bank (ECB) has lowered interest rates for the third time this year by 25 basis points to 3.25%. The decision affects three key areas: the deposit facility, main refinancing operations, and marginal lending facility, which will decrease ...

Betashares expands Wealth Builder suite

JAMIE WILLIAMSON  |  THURSDAY, 17 OCT 2024
Betashares introduced a geared version of its Nasdaq 100 ETF, a new addition to the Wealth Builder range. The Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (ASX: GNDQ) is designed to enhance access to the benefits of gearing ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
The Australian Securities and Investments Commission (ASIC) has made two appointments to its senior executive leadership team. Following an international search, ASIC chair Joe Longo announced the appointment of Peter Soros as executive director regulation ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
HUB24's funds under administration (FUA) hit $113 billion at the end of September while its share price jumped 400% in the last five years. Inflows and the current bull market continue to bolster the platforms business. It recorded net inflows of $4 ...

Charges dropped against Macquarie adviser

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
Charges against a former Macquarie financial adviser, including five counts of fraud, have been dropped. The Brisbane Magistrate's Court dismissed all 27 charges laid against Warren Scott Acworth on October 3 after the Commonwealth Director of Public ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
The US securities watchdog fined Macquarie Asset Management (MAM) US$80 million after a subsidiary fudged the valuations of collateralised mortgage obligations (CMOs) within a fixed income strategy. Macquarie Investment Management Business Trust (MIMBT) ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Most members will save about $100 per year after the reductions, while some will save as much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager ...