UGC pushed clients into First Guardian funds
Failed advice firm United Global Capital recommended clients invest in the now-suspended First Guardian funds.
Failed advice firm United Global Capital recommended clients invest in the now-suspended First Guardian funds.
The regional lender increased deposits and home lending well above its peers over the six months to December 31, but it came at a cost.
Unions would be forced to pay millions of dollars for risk reserves in industry super funds under a proposed shake-up of governance standards.
The insurer’s interim net profit jumped 90 per cent in the first half, but investors are more concerned about the premium outlook.
A loosening of lending rules to make it easier for Australians with student debts to get a mortgage risk driving housing prices even higher and could force young people to take on more debt, economists warn.
Lenders have gotten behind proposed changes to the treatment of student debt for home loans, but economists argue it will see borrowers take on more debt.
Suncorp will splash the cash as it hands out proceeds from its bank sale and bumper dividends, after hitting net profit of $1.1bn in the first half of the financial year.
The construction industry super fund handed more than $2m to unions in fiscal 2024 and is facing a fresh insurance scandal.
The Super Members Council says New Zealand’s experience shows what lies ahead for Australia if workers are allowed to access their super for housing.
Financial advisers are a steady hand when markets wobble. But do they deliver on the returns front? New data shows that it depends on a few key things.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/14