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Showing 851 - 860 of 10638 results for "Mad"

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
The US Federal Reserve delivered its first interest rate cut in four years, reducing the official cash rate by 50 basis points, but experts say the Reserve Bank of Australia (RBA) is still not in a position to do the same. Yesterday's official unemployment ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
A public inquiry into the collapse of Dixon Advisory will soon launch after the Financial Advice Association Australia (FAAA) gained support from Senator Pauline Hanson in the senate yesterday. After pounding the pavement for months, the FAAA has successfully ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Wheelhouse Investment Partners is closing its doors, having decided it's no longer financially sustainable to continue operating its funds. Wheelhouse Investment Partners was founded in May 2017 as a specialist income manager by Alastair MacLeod ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Most members will save about $100 per year after the reductions, while some will save as much as $375. MLC Super said the majority of members in its MLC MasterKey and Plum range will pay less in administration fees from October 1. MLC general manager ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Most Australians anticipate they will fund only 12% of their retirement income with the Age Pension, but the reality is retirees currently need nearly double that amount, a new study from Investment Trends finds. A survey of more than 5600 participants ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
The US Federal Reserve is widely tipped to fire the starting gun on its first rate cutting cycle in years; here's what top economists see unfolding. AMP deputy chief economist Diana Mousina said some people believe the Fed is behind the curve and that ...