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Showing 451 - 460 of 7367 results for "Consumer"

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... cancellation of its AFSL and credit licence as the Compensation Scheme of Last Resort (CSLR) had to step in and compensate the consumer $19,429.60. "Where the CSLR pays compensation to an eligible consumer in relation to an AFCA determination and notifies ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
The International Monetary Fund (IMF) has revised its inflation predictions for 2025, upping Australia's consumer price index expectations from 2.8% to 3.6%. In its World Economic Outcomes report, the IMF predicted Australia would be one of two advanced ...

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... advisers as they move to the new joint venture with Entireti." George added that the launch of AMP's small business and consumer digital bank remains on track, with a first release to AMP employees expected in the coming weeks, ahead of the public launch ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
ASIC has stripped the Australian financial services licence (AFSL) of Aretean Ltd Pty, trading as Aretean Capital, following the fund manager's failure to comply with its obligations. Aretean Capital boasts assets under management of over $250 million ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... to 2.1%, down from 3.7% in August. Halmarick said HSI data suggested income tax cuts had not led to a material rise in consumer spending. "The spending slowdown in September was expected after an early Father's Day led to consumers splashing out on household ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... incredibly disappointing Labor has chosen to proceed with legislation that does not sensibly index the $3 million threshold to Consumer Price Index (CPI) and this lack of indexation will disproportionately impact younger Australians," Tink argued. "For ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
ASIC banned a financial adviser who was found to have lied to the Tax Practitioners Board (TPB) to remain registered and provided advice to clients despite being unable to manage his own tax affairs. John Hazell, formerly managing director of Richmond ...

FAAA names Gwen Fletcher Memorial Award winner

ELIZA BAVIN  |  THURSDAY, 3 OCT 2024
Private wealth adviser Craig Roberts of Elston Private Wealth in Queensland has been awarded the Gwen Fletcher Memorial Award for the second semester of 2024 by the FAAA. The award recognises the highest performing student in the Certified Financial ...

Moneysoft acquired by MUFG Pension & Market Services

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2024
... Solutions chief executive Dee McGrath said. "Moneysoft's cloud-based capabilities in Open Finance and the Australian Consumer Data Right, Financial Planning System integration and financial advice automation will provide our clients the ability to create ...

Fund manager splashes $240m on AZ NGA

KARREN VERGARA  |  TUESDAY, 1 OCT 2024
... retail and wholesale clients. We will work together to achieve our shared vision of AZ NGA as Australia's leading consumer financial services advisory firm." The transaction is due to finalise before the end of the year, subject to regulatory app ...