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Showing 701 - 710 of 7373 results for "Consumer"

Mass-affluent population key to insurer sustainability: Report

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
The world's 40 largest life insurers face huge sustainability challenges, as a new report shows they will see close to $13 trillion in outflows between now and 2040. Capgemini's World Life Insurance Report 2023 shows policyholders aged 65 and ...

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
... raising $2.5 billion from institutional investors. The finding follows the failure of the Australian Competition and Consumer Commission's criminal case against ANZ and its underwriters last year. Federal Court Justice Moshinsky said that if the information ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
The government plans to mandate that crypto exchanges adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
Reserve Bank of Australia (RBA) assistant governor Christopher Kent has punctuated that beyond the cash-flow channel, where a rise in the cash rate leads to higher interest payments for those with debt, there exists other avenues through which monetary ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... $2.8 trillion fund manager flagged it will step in as a senior lender in areas once occupied by regional banks, spanning consumer lending, mortgage credit, and other forms of asset-based finance. "We expect increasingly attractive opportunities across ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... economy will remain a key risk for business profitability and debt servicing. Businesses that are exposed to discretionary consumer spending or that cannot reduce costs quickly when revenues fall will likely face significant declines in profits. Pressures ...

ReCALIbrate grant winners announced

CHLOE WALKER  |  MONDAY, 9 OCT 2023
Five female advisers have received $2000 each from the Council of Australian Life Insurers (CALI) as it looks to boost the number of women in risk advice. The inaugural ReCALIbrate recipients include Zurich Assure financial adviser Kristen Genter, Platinum ...

Aussies largely unsure of legacy plan: Research

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
While 67% of Australians feel confident they'll be able to leave a legacy when they pass away, only 14% actually have a plan in place to do so, according to new research from Generation Life (Gen Life). In June, Gen Life commissioned global research ...

Hostplus member experience lead to exit

ELIZABETH FRY  |  THURSDAY, 5 OCT 2023
... announced his resignation after 12 years with the fund. Watson joined Hostplus in 2011 as executive manager, member and consumer choice. He's held several group executive roles since, before taking on his current role in December 2018. In a LinkedIn ...