Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 15773 results for "The Australian"

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... making the claim up to $150,000," he said. While AFSLs ultimately have the responsibility to pay the compensation, the Australian Financial Complaints Authority (AFCA) and the CSLR, in some cases, have had to rope in the PII. "We are sensitive to that ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
Living costs have risen for all Australian household types in the June quarter, according to data from the Australian Bureau of Statistics (ABS). ABS head of prices statistics Michelle Marquardt said increases in living costs in the June quarter ranged ...

Chalmers 'confident but not complacent' on economic prospects

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... Chalmers said despite the volatility, he has a positive outlook for Australia's economy. "We are confident about the Australian economy, we are confident we can continue to see inflation moderate," Chalmers said. "We're confident that we can continue ...

Former wealth management chief ousted from financial services

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... entities. The regulator also advised UGC clients to seek independent advice and consider lodging complaints with the Australian Financial Complaints Authority if they have concerns about the advice they received. Last June, ASIC obtained interim orders ...

GSFM appoints key account manager

JAMIE WILLIAMSON  |  THURSDAY, 1 AUG 2024
... comes at a time of growth for GSFM, which now represents nine fund managers across a variety of asset classes in the Australian and New Zealand markets. "We have formed new partnership with several firms in the past 12 months to distribute their funds ...

BlackRock bolsters suite of SMAs

ELIZA BAVIN  |  THURSDAY, 1 AUG 2024
... infrastructure, commodities, and liquid alternatives to deliver differentiated returns. "As pioneers of model portfolios in the Australian market, we are continuously looking for ways to grow and evolve the managed accounts industry for the benefit of ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...

Inflation rises but RBA hike not inevitable

ELIZA BAVIN  |  WEDNESDAY, 31 JUL 2024
... The Consumer Price Index (CPI) rose 1% in the June quarter and 3.8% annually, according to the latest data from the Australian Bureau of Statistics (ABS). "The June quarter rise is the same as the 1% rise in the March 2024 quarter," ABS head of price ...

Top 10 Australian share funds of FY24

ANDREW MCKEAN  |  MONDAY, 29 JUL 2024
... half the market gains were driven by the big four banks, which have benefitted from the surprising resilience of the Australian economy to date. By June 30, CBA had taken over Citigroup and Mitsubishi UFG to become the 13th largest bank globally."

Trend among young Aussies highlights need for affordable advice

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... 6% had sought advice from professional advisers, and 6% had been advised through their super funds. According to the Australian Institute of Criminology, younger Australians are consistently more likely to report having been cybercrime victims than their ...