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Showing 421 - 430 of 7371 results for "Consumer"

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... this week's boost in retail sales for October was a one-off event or if it signals a more sustained improvement in consumer and business confidence." Public investment rose 6.3% in the September quarter. General government investment rose 6% driven ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... Australian Financial Complaints Authority (AFCA) welcomed ASIC's report, saying it provided a "fuller picture of the consumer experience". "The publication of this data enhances transparency, giving us a fuller picture of consumer complaints in Australia ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... domestic GDP growth is expected to remain at or below 2% in CY25 as the lagged impact of higher interest rates and weakening consumer spending continue to bite. Additionally, Thompson said businesses will face margin pressures as rising costs are less ...

'But for' compensation methodology unfair: FAAA

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... (AFCA) Shail Singh explained the reasoning behind the test. "'But for' the failing of the adviser, where would the consumer have been invested?" he said. "It's not about theoretical losses. It's not about opportunity costs. It's about ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
Professional reputations could be harmed if the government does not distinctly delineate between its proposed new class of advisers (NCAs) and financial advisers, the Financial Advice Association Australia (FAAA) warns in anticipation of the looming ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
The Federal Court has ordered Sasha Hopkins to pay $1.25 million and be disqualified for four years, in proceedings brought by ASIC. The court also ordered that The A Team Property Group, five of the investment schemes and associated companies be wound ...

BlackRock, State Street, Vanguard sued over climate stance

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
Texas and 10 other Republican-led states are suing BlackRock, State Street and Vanguard, saying their climate activism violated antitrust laws and caused reduced coal production and higher energy prices. Texas Attorney General Ken Paxton filed a case ...

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
The monthly Consumer Price Index (CPI) indicator rose 2.1% in the 12 months to October 2024, according to the latest data from the Australian Bureau of Statistics (ABS), in line with the Reserve Bank of Australia's (RBA) target range. "Annual inflation ...

Gensler to leave SEC in January

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... Economics and Management at the MIT Sloan School of Management. He also previously served as chair of the Maryland Financial Consumer Protection Commission and was chair of the US Commodity Futures Trading Commission during the Obama administration. ...