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Showing 951 - 960 of 4870 results for "EAC"

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
ASIC has started civil penalty proceedings in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions ...

Superhero to offer Qantas points

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
In Qantas' latest financial services partnership, Superhero users can win a share of one million Qantas points. To enter the draw for the points, Superhero investors must have linked their Qantas Frequent Flyer number to their Superhero account ...

Perpetual moves to acquire Pendal

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
Perpetual has made an offer to acquire Pendal for $6.23 a share. Pendal confirmed it received the conditional, non-binding indicative proposal from Perpetual to acquire 100% of shares in Pendal by way of scheme of arrangement. The proposal is for a ...

Aussie instos commit $50bn to UK projects

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
AustralianSuper and IFM Investors are among several local institutions that will splash their cash on clean energy, technology, and infrastructure projects in the UK in the coming years. Overnight the UK government announced major investments from AustralianSuper ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
Australia's first direct indexing service is here, thanks to investment and wealth manager Nucleus Wealth. Available to investors in a broad range of structures, including superannuation, the service involves the investor owning the individual shares ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
APRA has named the superannuation funds it believes face immediate sustainability issues, with 38 of 78 funds declining on all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts ...

Budget targets home ownership rates

TOM WATSON  |  TUESDAY, 29 MAR 2022
The federal government has announced an expansion of support measures for prospective home buyers by floating a new Regional Home Guarantee and boosting the number of places available under several existing schemes. Under the new Regional Home Guarantee ...

Big spend on cost of living, defence

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
The 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ...

Budget aims to please women

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
The new Federal Budget includes a series of measures aimed at addressing issues that impact women's health, safety and economic success. Most notably, the government has committed to modernising the Commonwealth Paid Parental Leave scheme - which currently ...