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| | | ... but deliberately engaged in the conduct in pursuit of profits. ASIC also questioned the judge's reliance on a Block Earner press release as grounds for relief despite no evidence "anyone formed an erroneous belief based on that press release." Further ... |
| | | | The Financial Advice Association Australia and members say the super lobby group should formally apologise for its recent remarks about "dodgy financial advisers." Earlier this week, the Super Members Council (SMC) renewed calls for anti-hawking legislation ... |
| | | | The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ... |
| | | | Treasurer Jim Chalmers said at the Morgan Stanley Australia Summit in Sydney yesterday that a key goal of the Budget was to fight inflation in a way that doesn't damage an already weak economy. "... the primary focus of the Budget was to tackle inflation ... |
| | | | Financial advisers shoulder much of the responsibility in helping facilitate the massive intergenerational wealth transfer that has blown out to nearly $5 trillion, according to new estimates, as recipients are largely financial illiterate and ill-prepared ... |
| | | | The European Central Bank (ECB) cut interest rates by 0.25% to 3.75% - the first decrease in five years. The rate cut affects three key ECB interest rates based on an inflation outlook, the dynamics of underlying inflation, and the strength of monetary ... |
| | | | The Capgemini Research Institute's World Wealth Report 2024, released today, shows high-net-worth individuals (HNWIs) and their wealth hit unprecedented levels in 2023, driven by a rebound in the global economic outlook. According to the report, global ... |
| | | | ... only chief executive to receive a nine-figure amount out of the 341 executives in the annual analysis by The Associated Press and Equilar. To calculate the total pay, the study considers salary, bonus, perks, stock awards, stock option awards, and other ... |
| | | | "Higher-for-longer interest rates" are dictating many adviser-client conversations, according to BT, as they gear up to close the financial year. An analysis of 8000 queries from financial advisers fielded by the BT technical services team found that ... |
| | | | AMP research has revealed that four in five Australians aged 65 and over believe their children face similar or harder challenges than they did amid the cost-of-living crisis. AMP found 70% of retirees, while wanting to support their children, are mostly ... |
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