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Showing 541 - 550 of 11512 results for "Point"

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... them. APRA said MySuper products have relatively low fees and costs and that those offerings should "serve as a reference point for cost competitive administration fees and costs across the industry". In contrast, the flexibility and choice provided ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... not received adequate recognition among financial regulators." AMP deputy chief economist Diana Mousina said the 425 basis point increase in the case rate over 2022 to 2023 has been the largest increase to interest rates in Australia since the late 1980s. ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
The Federal Court has made orders to freeze the assets of company director David McWilliams and numerous companies associated with him that offered investment opportunities in purpose-built, NDIS-compatible property development schemes. McWilliams and ...

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... vindication of them sharing their experiences," Angrisano said. "The very great shame is that menopause often hits workers at a point in their careers when they would be in line for senior roles but are held back by their menopausal symptoms. We need ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
The US Federal Reserve delivered its first interest rate cut in four years, reducing the official cash rate by 50 basis points, but experts say the Reserve Bank of Australia (RBA) is still not in a position to do the same. Yesterday's official unemployment ...

Federal Reserve kicks off easing cycle

JAMIE WILLIAMSON  |  THURSDAY, 19 SEP 2024
... reduction in four years. The US central bank decided to lower the target range for the federal funds rate by half a percentage point to 4.75-5%, surprising many who believed it would opt for a cut of just 0.25%. "The committee has gained greater confidence ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

Aussie female fund manager representation lags: Research

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Only 8% of Australia's funds management industry is run by women, lagging the global average of 12.5%, the latest Alpha Female Report finds. Citywire's annual analysis, which tracks the progress of gender parity in asset management, calculated 903 Australian ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... September 2019, this reduced by 0.8333 per month. On 1 January 2021, the multiple was worth zero. Looking at it from a practical point of view, Macdonald said that some of the objectives to appeal would need to obtain funding. "I think that would be ...