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Showing 751 - 760 of 6445 results for "Fed"

Court dismisses CBA, CFS conflicted remuneration case

JAMIE WILLIAMSON  |  THURSDAY, 29 SEP 2022
The Federal Court dismissed ASIC's case against Commonwealth Bank and Colonial First State in relation to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super between July 2013 and June 2019. ...

KPMG proposes tax offset, reform to boost gender equality

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
KPMG has proposed a Carers' Income Tax Offset (CARITO) as part of a wider effort to properly value time dedicated to unpaid work. CARITO would be a non-refundable tax offset, credited against any income tax payable upon people returning to work after ...

Caddick mansion officially on the market

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2022
The listing for the Dover Heights home that Melissa Caddick disappeared from in November 2020 has gone live, with hopes the sale will help return money to those she ripped off. Listed for sale with Sydney Sotheby's International Realty, 5 Wallangra ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... Federal Reserve has raised benchmark interest rates by another 0.75% and warned of further significant hikes to come. The Fed's funds rate is now in the range of 3%-3.25%, which is the highest it's been since before the Global Financial Crisis. The Fed ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Dixon Advisory will pay $7.2 million for providing inappropriate advice and not meeting client best interests obligations. The Federal Court found that six Dixon Advisory representatives did not act in the best interests of eight clients on 53 occasions. ...

Apex Group wins Laguna Bay mandate

CHLOE WALKER  |  FRIDAY, 16 SEP 2022
The global financial services provider has been appointed by agriculture fund manager Laguna Bay to provide fund administration services. As part of the mandate, Apex will assist in the establishment of Laguna Bay's third investment vehicle and ...

Mawhinney ban overturned, to face retrial

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
Mayfair 101 managing director James Mawhinney has had his 20-year ban overturned and will return to the Federal Court to have his case reheard. The Full Bench of the Federal Court said ASIC's case against Mawhinney lacked procedural fairness as ...

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... the relatively-high level of adjustable rate mortgages in Australia, the Bank is in a position to be more agile than the US Fed or the UK's Bank of England, where long-term fixed rate mortgages slow the transmission effect of rate hikes to consumers. ...

Financial literacy in Australia drops by almost 10%

CASSANDRA BALDINI  |  TUESDAY, 6 SEP 2022
New data has revealed that more than a third of Australians are financially illiterate. Greater Bank and the University of Newcastle surveyed 575 women and 536 men aged from 18-90 years. The joint report titled: Financial Wellbeing and General Life ...