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Showing 411 - 420 of 2442 results for "ESP"

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The Financial Planning Association of Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30. FPA member numbers decreased ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
According to UNSW Business School associate professor Konark Saxena, the probability of a US recession is about 75%, possibly impacting several macroeconomic indicators. To bring down inflation, the US Federal Reserve must increase interest rates until ...

Vicinity Centres head announces retirement

CHLOE WALKER  |  MONDAY, 31 OCT 2022
Grant Kelley has announced his departure from Vicinity Centres after more than five years as its managing director and chief executive. Kelley is set to retire from Vicinity by 30 June 2023, to facilitate a smooth and coordinated transition to his successor ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
Several new consumer protections will be added to the Financial Services Council (FSC)'s Life Insurance Code of Practice, including the industry's first guidelines on family and domestic violence, as well as new protections in the genetics moratorium. ...

Outsourcing is the future: Northern Trust

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
A firm's ability to outsource could be the difference between future success or failure, according to Northern Trust's head of global strategic solutions Gary Paulin. Speaking with Financial Standard, London-based Paulin said that while outsourcing ...

Cboe Global Markets, SBI Holdings sign MoU

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
Cboe Global Markets and SBI Holdings (SBI) have signed a Memorandum of Understanding (MoU) to discuss business collaboration opportunities in traditional and digital finance. "The MoU between Cboe and SBI lays the foundation for the potential exchange ...

Advice fees jump 16% in FY22

CASSANDRA BALDINI  |  FRIDAY, 21 OCT 2022
Initial advice fees charged by financial advisers on a per advice document basis increased 16% in FY22 to $3315 from $2859 the previous year. According to the Padua Advice Fee Data Report, FY 2022 ongoing advice fees charged by advisers on a per advice ...

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
AMP has launched MyNorth Lifetime, a new suite of solutions available through the North platform that combines an account-based pension with the lifetime cashflow features of annuities. The MyNorth Lifetime Income account is a flexible pension account ...

Primewest rebrands to Centuria

CHLOE WALKER  |  TUESDAY, 18 OCT 2022
The Perth-based real estate funds manager has formally adopted the brand of its parent company, Centuria Capital Group. The rebranding comes 13 months after the entities merged, marking the group's significant expansion throughout Western Australia. ...