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Showing 431 - 440 of 3714 results for "Though"

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... that were intended to protect consumers have instead materialised as unnecessary and unused documentation at best. Sadly though, some of these rules have led to consumer harm as advisers seek to protect themselves from their clients," he said. "With ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
The Securities and Exchange Commission is suing the world's largest crypto exchange and its chief executive Changpeng Zhao for allegedly lying to regulators and mishandling billions of investor dollars. Binance Holdings, BAM Trading Services, BAM Management ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... peak. Lately, the index has been on the rise again. Current interest rate hikes have triggered cost-of-living pressures, though inflation is expected to subside through 2023. GDP growth is expected to stay low but positive, and unemployment rates are ...

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... competing objectives of maximising incomes, flexible access and managing risks, this is quite challenging." Spragg said even though the innovative retirement income stream bucket is quite broad, they could look similar at face value. However, there are ...

MA Financial establishes Singapore office

CHLOE WALKER  |  FRIDAY, 26 MAY 2023
MA Financial is increasing its footprint in Asia, soon opening the doors to a Singapore office in a bid to attract more ultra-high-net-worth and family office clients. Speaking with Financial Standard, MA Financial head of asset management Andrew Martin ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
Martin Fahy will exit the top job after seven years in the role and Gary Dransfield will take over as an interim replacement. Fahy took up the position in 2016 and is due to depart in the coming weeks. The super advocacy body said the former chief led ...

Melissa Caddick declared dead by coroner

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
... family and friends is likely dead, the inquest has found. That was the key finding delivered by the NSW Coroner yesterday, though the nature of her demise could not be confirmed. Caddick went missing in November 2020 following a raid on her home by ASIC ...

ASIC revokes Centurion subsidiary licence, suspends fund manager

ANDREW MCKEAN  |  WEDNESDAY, 24 MAY 2023
... issuing interests in the Link Mortgage Fund, thereby ensuring existing investors aren't adversely impacted by the suspension. Though, the stay doesn't apply to Huntley Management's other schemes, and a review hearing is set for June 2. While suspended ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... $75,000 was charged over the same period. AMP Life and AMPFP admitted they accepted insurance premiums and advice fees even though, at the time they received those fees, there were reasonable grounds for believing that they would not be able to supply ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... securities. Moreover, contingency plans are in place to deal with market disruptions in the event of an imminent default. Though, Abad stressed the high political and economic cost of such alternatives. "We believe a default on any Treasury payment would ...