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Showing 281 - 290 of 1879 results for "Never"

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Australians paid an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
New data from the US shows that while inflation ticked up in July to 3.2%, several indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court against Bakken Holdings Pty Ltd (Bakken) ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
Given Australia's economic status, the government has been urged to liquidate the $250 billion Future Fund and pay down its $896 billion debt. According to a paper published by the Centre For Independent Studies, penned by Dimitri Burshtein, the ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... ASIC held with Vasco Trustees without Mawhinney present four months before receivers were appointed to IPO Wealth. "I have never been told the outcome or the details of that secret meeting between the trustee - Vasco Trustees - and ASIC, except that ...

More than $100k raised at FICAP RockStar

STAFF WRITER  |  WEDNESDAY, 2 AUG 2023
... general counsel and company secretary Andrew Symes was crowned Best Vocalist following his performance of the much-loved 'Never Tear Us Apart', while Challenger's Shirley Natasunjaya was named Most Original Talent, singing Bachelor Girl's ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... in the same financial services market as Mayfair 101 and is therefore conflicted," he said. He added that Mayfair 101 was never afforded the opportunity to take corrective action in relation to its advertisements, as is typically the case with ASIC investigations. ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

Macquarie reports decline in earnings amid weaker trading

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
Macquarie Group has reported a decrease in earnings for the first quarter of 2024, influenced by weaker trading conditions. Macquarie chief executive Shemara Wikramanayake said the drop in profits was influenced by a reduction in investment related ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
Thanks to a robust start to the year, economists and investment strategists are feeling more confident that a recession won't take place in the second half, according to a recent survey by Natixis Investment Managers (Natixis IM). The survey, conducted ...