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Showing 51 - 60 of 1308 results for "Surprise"

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
... claims and $3.6 million in AFCA fees - meaning $48.2 million out of the total $70 million. "I think we were all taken by surprise by how big this scandal had become. UGC has become the little sibling of Dixon Advisory. There are some similarities, however ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
... however, that the RBA ultimately cuts further either later this year or early 2026 - especially if inflation continues to surprise on the downside. After all, at 3.6%, the cash rate would still be considered restrictive, with at least two further rate ...

Our results were strong: Alexis George

ANDREW MCKEAN  |  MONDAY, 17 FEB 2025
AMP chief executive Alexis George has told Financial Standard that the company's 2024 financial year results were strong, despite its share price being caned since the announcement. George said that wealth business flows, excluding its bank, have ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... first time since August 2024 the FOMC left policy unchanged. While the decision to keep rates in the US steady was no surprise to markets, Fed chair Jerome Powell flagged uncertainty around the new Trump administration's policies. Powell said the FOMC ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
... for engaging with the sector, noting the initial announcement from the Treasurer in November 2023 was "met with some surprise" and called for greater consultation by the profession. "We have been engaging with the government on this change since it was ...

Hostplus names deputy CIO

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
Hostplus has promoted Susan Orr to deputy investment chief following the recent departure of Con Michalakis who has taken on the top investment job at Funds SA. The $115 billion industry fund for hospitality workers confirmed that Orr will now serve ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Dimon 'cautiously pessimistic' on US economy

KARREN VERGARA  |  FRIDAY, 17 JAN 2025
Despite the raging bull market, and lower inflation and unemployment levels, JPMorgan Chase chief executive Jamie Dimon is "cautiously pessimistic" about the US economy in 2025. Dimon said in a CBS interview that geopolitical tensions underpin his stance ...

Economist's wishlist: Lower tariffs, bond yields settling

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2025
AMP deputy chief economist Diana Mousina has listed the top five things the AMP econosights team is hoping to see in 2025. Firstly, Mousina said that while higher trade tariffs are unavoidable given the incoming US President, she hopes the US will stop ...