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Showing 491 - 500 of 7373 results for "Consumer"

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... of indicators are not consistent with a recession in the US at this stage," Hennessy said. "Other indicators such as consumer spending and business investment are still growing. We still believe the US economy remains on a soft-landing path, which is ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... months prior to it folding. That claim then progressed to the CSLR, which ultimately paid an undisclosed amount to the consumer on July 24. Sequoia Financial Group acquired Libertas in 2019, which had about 23 advisers and $1 billion in funds under management ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... has delivered superior returns for millions of fund members. And these types of funds have largely avoided the sorts of consumer harms the Banking Royal Commission uncovered at financial services companies with for-profit governance models." Schubert ...

ASIC project foils scammers' operations

MATTHEW WAI  |  MONDAY, 19 AUG 2024
A year into its investment scam disruption project, ASIC has taken down more than 7300 phishing and investment scam websites. This includes the removal of 5530 fake investment platform scams since July 2023. It has also seen the closure of 1065 phishing ...

I Squared Capital grows local team

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
​A former AMP Capital institutional distribution head has joined the $40 billion global infrastructure group I Squared Capital. As the local managing director of investor relations, Rob Hamilton will manage relationships with local investors and asset ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... total-portfolio approach to a consumer's financial affairs. "The FSC supports performance testing for default products, where a consumer is not engaged and trustees have complete control over the products investment strategy, however this principle ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... 2023, and 3.75% in 2024. During the quarter, the ABS reported living costs to be between 1.2% and 1.4% - well above the Consumer Price Index's 1%. "This is the first time since December 2010 that increases in living costs for all household types ...

How many advisers will Australia have in 2044?

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
The financial advice sector could see the number of registered advisers sink to 11,000 and as low as 5500 in 20 years' time, Rainmaker Information predicts. These are some of the scenarios forecasted in the Rainmaker Adviser report. A more optimistic ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... to increased mortgage payments and a general increase in spending. "The decline in additional savings has meant that consumer spending for much of the past two years has been supported by a notional savings drawdown. We say notional as overall savings ...