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Showing 761 - 770 of 6445 results for "Fed"

Casey Thompson joins First Super board

ANDREW MCKEAN  |  MONDAY, 5 SEP 2022
Casey Thompson has joined the board of First Super, replacing longstanding trustee Frank Vari. First Super chief executive Bill Watson thanked Vari for his service to fund members and welcomed Thompson as a trustee. "Casey Thompson is an outstanding ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
The industry has welcomed Michelle Levy's draft reform proposals, saying the consultation paper released today provides "a sensible roadmap" and a way forward. The Quality of Advice Review consultation paper was released this afternoon, outlining ...

CEFC invests in Macquarie cattle station fund

CHLOE WALKER  |  MONDAY, 29 AUG 2022
The federal government's Clean Energy Finance Corporation has committed $75 million to Macquarie-owned Paraway Pastrol, as the farming giant aims to cut its methane emissions. The investment, made via the Macquarie Pastoral Fund, will see Paraway reduce ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had ...

What's missing for advisers: Atchison Consultants

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
According to Atchison Consultants principal Kevin Toohey, financial advisers have a unique challenge in applying a passive, broad-based approach to constructing the defensive part of a client's portfolio. Referring to the composition of the Bloomberg ...

Calls to pay super on parental leave grow

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
HESTA has joined calls for superannuation to be paid on Commonwealth Paid Parental Leave entitlements, saying modelling shows it could see a mother of two retire with $14,000 more in her account. The super fund has joined a coalition of 18 organisations ...

QIC braces against recession risks

ELIZABETH FRY  |  FRIDAY, 12 AUG 2022
... ball. We used to be in an environment where the US Federal Reserve was incredibly supportive of risk assets, she notes. "The Fed had inflation under control and was seeking to stimulate the economy, post-GFC, and post-pandemic. At times it sought to ...

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... unchanged in July on a seasonally adjusted basis after rising 1.3% in June. Apostle portfolio manager Steven Spearing said the Fed itself may even have breathed a small sigh of relief, but will also be the first to remind the market that the job is in ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ...