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Showing 891 - 900 of 6445 results for "Fed"

Federal Reserve mulls central bank digital currency

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... how to ensure a CBDC would preserve monetary and financial stability as well as complement existing means of payment," the Fed said. "Other key policy considerations include how to preserve the privacy of citizens and maintain the ability to combat illicit ...

Cbus adds to board

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
Two new members have joined Wayne Swan on the board of industry superannuation fund Cbus. Jason O'Mara was appointed a member director this month, replacing Dave Noonan. O'Mara has been the Construction, Forestry Mining and Energy Union's ...

E&P pulls the plug on DASS

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
Amid a slew of class actions and regulatory problems, the troubled superannuation subsidiary of E&P Financial Group is now in voluntary administration. PwC has been called in as voluntary administrators of Dixon Advisory and Superannuation Services ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
The Federal Court has imposed combined penalties of $4 million on Statewide Super for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required. Between 2017 and 2020, Statewide ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
In a public statement this week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

DIY investors embrace Meta Platforms

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
With big new investments in data centers, servers, and network infrastructures, Meta Platforms' popularity with global DIY investors soared in the fourth quarter of 2021. Data from global investment platform eToro shows that Meta rocketed from 13th ...

How to invest in China: Capital Group

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JAN 2022
China's slowing economy may have investors on edge as we ease into 2022, but there's still plenty of opportunities - so long as you know where to look, Capital Group says. Providing an investment outlook for 2022, Capital Group said investors must do ...

Inflation to persist in 2022: Aviva

KARREN VERGARA  |  TUESDAY, 11 JAN 2022
Inflation will dampen Australia's economy in 2022 as it continues to soar significantly higher than expected, according to Aviva Investors. While Australia's growth outlook for 2022 is strong, backed by a lower unemployment rate, inflation has ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
A former Commonwealth Superannuation Scheme and APRA executive has developed a 'smart default' fund which he claims could boost retirement balances by more than 35%. Douglas Bucknell, founder and chief executive of Tailored Superannuation Solutions ...