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Showing 41 - 50 of 37294 results for "Will"

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... customers' futures at risk. We urge all firms to take on board our findings and review their own processes. Where they do not, we will act."

US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... global strategist Seema Shah said. "The Fed did not make any announcements with regards the balance sheet but noted that they will likely begin to slow quantitative tightening fairly soon." Shah said the past few months had been particularly volatile ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... to emphasise, though, that the question as to whether a particular crypto asset or related product is a financial product will remain every bit as important if the new regime is legislated as proposed," Kirkland said. "In the meantime, we have already ...

Super SA names chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
The $37 billion public sector fund selected its new chief executive, some nine months on from Dascia Bennett's departure. Dini Soulio has taken on the role following almost a decade as South Australia's commissioner for consumer affairs, commissioner ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions filed in 2023 were the second highest of all time. As for where the risks lie in 2024, Allens said cyber claims will likely increase as coming reforms will make them easier to pursue. "A key theme of these claims is cyberwashing - each ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... removed. The board "can't rule out either [rate hikes or cuts]." As such, Bloxham's central case is that the RBA will remain on hold through 2024, before beginning to cut in early 2025. AMP chief economist Shane Oliver said in leaving rates on ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... House. On 8 May 2023, Athan Papoulias, a former contractor of Courtenay House, was sentenced to two years' imprisonment which will be served by way of an intensive corrections order for his involvement in the unlicensed financial services business. As ...

AustralianSuper's move to boost productivity by up to 30%

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... AustralianSuper's chief technology officer Mike Backeberg said the move to introduce artificial intelligence (AI) into the fund will deliver a positive return on investment (ROI) for members. "We see technology as a differentiating capability that enables ...

Lombard Odier brings plastic circularity fund down under

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2024
... equity offering, is being made available to wholesale and institutional investors via AFM Investment Partners. Equity Trustees will serve as responsible entity of the fund. The fund's objective is to reduce plastic waste and greenhouse gas emissions ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
The financial advice industry will be forced to pay $18.5 million to fund the Compensation Scheme of Last Resort's (CSLR) first year of operation, drawing outrage from the sector. The government released its estimates for the first and second phase ...