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Income matters in 2023: Talaria

CHLOE WALKER  |  WEDNESDAY, 18 JAN 2023
... central banks change to policies that support capital markets. He also said that a slowing pace of interest rate rises does not constitute a central bank change of policy. "The established relationships between interest rates, leading economic indicators ...

AZ NGA appoints chief financial officer

CASSANDRA BALDINI  |  WEDNESDAY, 18 JAN 2023
AZ Next Generation Advisory (AZ NGA) has appointed Dan Heckendorf as its new chief financial officer as it plans its next growth phase. Heckendorf, who will report to AZ NGA chief executive Paul Barrett, joined in October as interim chief financial ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... offenders used the internet from the comfort of their own homes to obtain tens of millions of pounds worth of Bitcoin which did not belong to them. Cyber-enabled crime presents an increasing threat to international economic stability, as well as to honest ...

73% of chief executives predict global economic decline: PwC

ANDREW MCKEAN  |  TUESDAY, 17 JAN 2023
... product/service offering in response to potential disruptions. Meanwhile, chief executives were said to be cutting costs but not headcount or compensation. Over half of chief executives reported reducing operating costs, while 51% reported raising prices. ...

Pensioner work bonus top of mind for advisers

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... over 55 years of age need to have owned their home for 10 years or more. Downsizer contributions to a maximum of $300,000 do not count towards any of the contribution caps and can still be made even if a person has a total upper balance greater than ...

ASIC commissioner to join Vanguard

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
ASIC commissioner Sean Hughes is set to lead Vanguard Australia's legal and compliance function. Hughes was due to end his five-year term in December but will now finish up on February 3. "We are grateful for the contribution Sean has made to ASIC ...

SWFs shrink for first time ever: Report

CASSANDRA BALDINI  |  MONDAY, 16 JAN 2023
... active year after 2014, fueled by the good prospects among Gulf SWFs for year-end capital injections," it explained. PPFs were not as active and decreased its investments in both value (9%) and volume (16%) when compared to 2021. "As a result, the average ...

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... claims Javice paid a data scientist to use "synthetic data" techniques to create a list of 4.265 million "students" that did not exist. The discovery was made after JPMorgan sent out a marketing email to what was believed to be about 10% of users and ...

APAC outperforms despite global sustainable finance retreat

RACHEL ALEMBAKIS  |  FRIDAY, 13 JAN 2023
... for any business that they're looking into acquiring. ESG aspects have become entrenched into the aspect of dealmaking. "Not just the headline deals, although we have seen quite a number of investment in energy companies to transition to clean energy ...

US inflation hits one-year low

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... said. "While Fed officials continue to convey a (mostly) hawkish message the reality is that by and large FOMC members do not believe there is much more left to do." Meanwhile, Federated Hermes senior economist Silvia Dall'Angelo said CPI figures confirmed ...