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Showing 891 - 900 of 10514 results for "SET"

Pitcher Partners executives launch advice firm

KARREN VERGARA  |  FRIDAY, 27 SEP 2024
Three Pitcher Partners executives have set off to launch Viola Private Wealth, an ultra-high-net-worth financial advice firm spearheaded by Charlie Viola. Viola, together with founding partners Sean Ward and Andrew Levi, bought out operational aspects ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Household wealth rose for the seventh consecutive quarter - rising 1.5% or $250 billion - in June 2024, according to data from the Australian Bureau of Statistics (ABS). Total household wealth was $16.5 trillion in the June quarter, which was 9.3% ($1.4 ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... sacrifice arrangements will be advice that assists an individual in managing their tax affairs. If all the other requirements set out in section 25-5 are satisfied, the fees for the advice provided by the financial adviser will be deductible," the guidance ...

Family office, KKR buy up regional Queensland airports

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... with a combined 74.25% holding. The group has agreed to sell its stake to KKR and Skip Essential Infrastructure Fund, a fund set up by Skip Capital and overseen by Farquhar's wife, Skip Capital chief executive Kim Jackson. The remaining 24.62% of the ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... still focused on its high inflation challenge. The statement intentionally pointed out that although headline inflation is set to come down in the coming period, the RBA will remain focused on the underlying measures of inflation," Bloxham said. "This ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... University in the US has found the practice doesn't work as well as initially thought. Yale University professor James Choi's first set of research into nudging was around two decades ago and found automatic enrollment and auto-escalation of savings ...

Boutique investment manager hits the market

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
TWC Investment Management, a founder-owned and led boutique firm, has set up shop in Australia. The investment management firm, led by chief executive Owen Hereford and chief investment officer John Birkhold, formerly a portfolio manager at Origin Asset ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... enhancing strategic opportunities and corporate transactions following the proposed delisting," the board said. Delisting is set to save the company $2.5 million annually. Regarding the public inquiry into the failures of Dixon Advisory announced last ...