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Showing 21 - 30 of 298 results for %22Wealth Central%22

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... Federal Court's conclusive orders on the judgement, AMP chief executive Alexis George declared the financial advice and wealth management group's hesitancy in deciding on any appeal. "We have booked a $50 million provision in response to the ...

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... regulator for running a $30 million Ponzi scheme in which they targeted churchgoers, gaining their trust with claims their wealth and success was due to divine intervention. According to the SEC, between June 2018 to May 2020, Brett M. Bartlett and his ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... increases, it's unlikely the cycle of rising rates to control inflation is finished," Costello said. While the sovereign wealth fund's 10-year return was 9.1% per annum, besting its 6.8% target, Costello added that the board expects real returns to be ...

Treasury urged to consider housing in super objective

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... Treasury should consider expanding the role of super funds to "not simply be guardian and gatekeepers of compulsory retirement wealth but look to play an active role to ensure Australians are able to have a genuinely successful retirement across all ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... pressure is squeezing household budgets across the country, with the decline in house prices slashing measured household wealth. "Since interest rates started rising, the average mortgage rate that Australians pay has increased more quickly than average ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... rents are increasing at the fastest rate in some years, with vacancy rates sitting low in many parts of the country. "The central forecast is for inflation to decline this year and next, to be around 3% in mid-2025. Medium-term inflation expectations ...

AustralianSuper invests in build-to-rent-to-own affordable housing

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
... life. However, as AustralianSuper chief executive Paul Schroder acknowledged at the Australian Financial Review Super and Wealth Summit, investing in affordable housing isn't easy. "Does it [affordable housing] normally stack up? No, it doesn't. ...

TrustQuay, Viewpoint merge to accelerate change

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
TrustQuay and wealth management solution provider Viewpoint have agreed to join forces to fast-track automation and digitalisation across trust, corporate and funds services. Through the collaboration, the companies will be able to scale up their professional ...

Inflation expected to have peaked: RBA

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
... growth is expected to slow in 2023. The Australian economy is expected to slow down, with recent declines in household real wealth and disposable income expected to weigh on consumption growth. Despite this, export volumes are expected to grow strongly ...

Australian Unity recruits Vanguard veteran

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
Australian Unity has a new executive general manager of operations for its Wealth and Capital Markets platform, recruiting from Vanguard. Australian Unity named Michael McGavigan as its new executive general manager; he joined the company on February ...