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| | | In its March meeting, the Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35%, as predicted by nearly all economists. HSBC chief economist Paul Bloxham stated that the decision was in line with expectations and that there are risks ... |
| | | | The financial advice industry will be forced to pay $18.5 million to fund the Compensation Scheme of Last Resort's (CSLR) first year of operation, drawing outrage from the sector. The government released its estimates for the first and second phase ... |
| | | | ASIC has secured sequestration orders against finfluencer Tyson Scholz, the self-proclaimed 'ASX Wolf,' effectively declaring him bankrupt. The corporate regulator sought sequestration orders against Scholz for not paying Federal Court-mandated costs ... |
| | | | The banking giant was found to have engaged in unconscionable conduct in the interest rate swap case borne out of AustralianSuper and IFM Investors' acquisition of part of Ausgrid in 2016. In October 2016, Westpac engaged in pre-hedging of an interest ... |
| | | | Despite positive investment market performance, Australians' retirement confidence is weakening, according to a State Street Global Advisors survey. Contrary to expectations, State Street's Global Retirement Reality report found that factors like inflation ... |
| | | | Spheria Emerging Companies (SEC) has floated a conditional proposal allowing shareholders to exchange their shares for units in the Spheria Australian Smaller Companies Fund. This follows SEC consistently trading below its net tangible asset (NTA) per ... |
| | | | The financial advice industry started the new year with 15,650 advisers, holding relatively steady compared to this time last year. Rainmaker Information's tally of qualified professionals has decreased 1% year on year - a net loss of 214 advisers. ... |
| | | | Simon Swanson has resigned as chair of Centrepoint Alliance (Centrepoint) just four months on from his appointment. Swanson's departure as chair is effective immediately, while his departure as a board director takes effect at the end of the month. ... |
| | | | Diversa Trustees sub-plans Smartsave and Superhero Super have merged as the latter announces significant changes to its fees, structure, and investment menu. On October 26, Smartsave moved into Superhero Super. This was after a "thorough evaluation ... |
| | | | Just a month on from taking on GuildSuper, Future Group has now acquired 100% of women-focused fund Verve Super. Verve Super is now a wholly owned subsidiary of Future Super, under a deal finalised this month. Having long struggled to offer a competitive ... |
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