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Showing 491 - 500 of 4362 results for "Press"

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

Government must revise infra pipeline: Chalmers

CASSANDRA BALDINI  |  MONDAY, 6 NOV 2023
Treasurer Jim Chalmers has said the government has some tough calls to make regarding the nation's infrastructure pipeline as part of its plan to regenerate the economy. Following Labor's review of its multibillion-dollar Infrastructure Investment ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Two major high-net-worth financial advice firms laud the Quality of Advice Review's promises of drastically reduced scrutiny and red tape but have stopped short of saying that they will re-enter the retail client space. JBWere Australia began exiting ...

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
Rest has reported that rising cost-of-living pressures are harming the mental health and financial future of young members, intensifying pre-existing concerns about retirement. A survey commissioned by the $75 billion industry fund revealed that 73% ...

Fidelity launches global long-short fund to Aussie market

CASSANDRA BALDINI  |  WEDNESDAY, 25 OCT 2023
Fidelity International has launched its long-short fund to the local market in response to client demand. The Fidelity Global Long Short Fund will be overseen by portfolio manager Dmitry Solomakhin, who is based in London. Fidelity said the fund employs ...

Fidelity finds key barriers in Australian estate planning

ANDREW MCKEAN  |  WEDNESDAY, 18 OCT 2023
A Fidelity International report shows that although most Australians feel obligated to share their wealth with future generations, a mere one in 10 have prepared a comprehensive estate plan. Drawing on nationally representative data by research firm ...

Startup success hinges on founder personality: Research

KARREN VERGARA  |  WEDNESDAY, 18 OCT 2023
While the vast majority of fintechs fail, a new study from the University of New South Wales finds that their success rate is closely linked to the founder's personality. After using artificial intelligence to analyse the Twitter profiles of 21,000 ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
Life insurance profits in Australia have soared to $1.2 billion, doubling in the year to 30 June 2023, primarily due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23 ...

ANZ breached disclosure laws in 2015 raise: Court

CHLOE WALKER  |  MONDAY, 16 OCT 2023
The banking giant will likely face a hefty fine after the Federal Court found it breached continuous disclosure laws in 2015. The Court found that ANZ contravened continuous disclosure laws by failing to tell the market that underwriters had filled ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
Treasurer Jim Chalmers has refuted claims that the government's push to incorporate a Voice to Parliament has come at the expense of the economy. Tomorrow, millions of Australians will hit the polls and decide if a First Nations' Voice to Parliament ...