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Showing 651 - 660 of 3664 results for "Maintain"

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
The Consumer Price Index (CPI) has jumped from 6.3% to 6.8%, adding to theories Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... executive Nicole Rose added the actions taken by the two regulators in relation to BOQ highlight government efforts to maintain the integrity of Australia's financial systems. "Businesses which do not have a strong AML/CTF program in place are vulnerable ...

Active fund outperformance mostly short-lived: SPIVA

ANDREW MCKEAN  |  WEDNESDAY, 31 MAY 2023
... were top performers in their respective categories as of December 2020, the scorecard indicated that none were able to maintain their top quartile status over the next two years. This trend persisted even when the timeframe was extended to five consecutive ...

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
Treasury has proposed a 1.5% increase in the Financial Institutions Supervisory Levies for the 2023-24 financial year, including a $7.2 million budgetary boost for APRA. Treasury papers revealed the total funding required under the levies in 2023-24 ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

Australians prioritise financial independence: Research

CASSANDRA BALDINI  |  TUESDAY, 23 MAY 2023
According to new data, the nation is swapping out the dream of a white picket fence for the dream lifestyle and combating the cost of living with strengthening financial literacy. Insignia Financial released its inaugural Financial Freedom Report, conducted ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
The government has handed down its plan to regulate buy now, pay later (BNPL) providers and products under the Credit Act to strengthen consumer outcomes. Historically, BNPL schemes have been exempt from tough regulation as they do not charge interest ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
Superannuation funds have maintained a steady foothold in Australian equities, owning 38% of the market capitalisation, new research from Rainmaker finds. This is broadly in line with the 37% ownership super funds held at the end of March 2021, split ...

Super fund members eye change

ANDREW MCKEAN  |  FRIDAY, 12 MAY 2023
... uncovered 42% of surveyed members are expressing awareness on this topic - offering a key opportunity for funds to build and maintain the trust of their member base." The research also identified Zoomers and Millennials as key groups seeking specific ...

Absolute-return bond funds fail ambitious returns: Research

KARREN VERGARA  |  FRIDAY, 12 MAY 2023
... deliver consistent returns regardless of the direction of markets. They are typically less constrained by benchmarks and maintain a structurally lower level of duration risk and sensitivity to interest rates compared to other fixed income strategies. ...