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Showing 31 - 40 of 2797 results for "Power"

Vale Lang Walker

CHLOE WALKER  |  MONDAY, 29 JAN 2024
Sydney-based property magnate and philanthropist Lang Walker has passed away, aged 78. Walker, who alongside his father Alec formed the privately-owned property development company Walker Corporation over 50 years ago, has been remembered as a nation-builder ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... more than this will be slapped with a 45% tax rate. The Morrison government legislated the tax cuts in 2018 when it was in power at the time. It originally proposed tax reductions for those earning $45,000 and over to take effect on 1 July 2024. It would ...

Aussies want advice from their super fund: CFS

CHLOE WALKER  |  TUESDAY, 23 JAN 2024
... misconception that financial advice is for the wealthy because it is unaffordable," CFS Superannuation chief executive Kelly Power said. "Yet our research shows that advised and unadvised Australians largely agree that it is those who are struggling ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
Praemium's platform dedicated to the high-net-worth segment, Powerwrap, has lost $334 million in funds under administration (FUA) after a small number of financial advisers switched advice groups. The ASX-listed firm said the exit of advisers in the ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... poverty. One of the best mechanisms we have to address this is progressive taxation." Oxfam said only governments have the power to rein in such inequality. It is calling for the scrapping of the stage-three tax cuts, while implementing a progressive ...

CalSTRS investment chief announces retirement

ANDREW MCKEAN  |  FRIDAY, 12 JAN 2024
California State Teachers' Retirement System (CalSTRS) chief investment officer Christopher Ailman will depart on June 30, after 24 years at the fund. At an Investment Committee meeting, Ailman revealed his intention step down from the position ...

FSCP issues another registration prohibition order

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
... Rogers, his licensee and the referrer of the client and he failed to prioritise the client's interests". The panel has the power to make a registration prohibition order under s 921L(1)(c) Corporations Act 2001. ASIC on the other hand has more extensive ...

Mild recession in 2024, higher interest rates: Vanguard

KARREN VERGARA  |  WEDNESDAY, 13 DEC 2023
Vanguard predicts that developed countries will grapple with "mild recessions" in 2024 as they manage a "higher-for-longer" interest rate environment. The global fund manager warned in its A return to sound money report that interest rates will remain ...

FSCP serves up registration prohibition order

KARREN VERGARA  |  MONDAY, 11 DEC 2023
... giving personal advice to retail clients on relevant financial products during the prohibition period. The panel has the power to make a registration prohibition order under s 921L(1)(c) Corporations Act 2001. Looking closer at the prohibition, Capital ...

HNWs require specialist expertise: Report

CHLOE WALKER  |  TUESDAY, 5 DEC 2023
To better serve high-net-worth (HNW) clients, financial advisers require a broader range of specialist expertise to meet their complex needs, according to HUB24. HUB24's latest whitepaper, Directing the matrix: meeting the needs of high-net-worth clients ...