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FASB Amends Upcoming Standard on Insurance Contracts to Ease Transition

The US accounting standard setter allowed insurers that recently sold their long-term insurance business to delist them from their balance sheets when they comply with a new accounting rule on the valuation of certain contracts. Wednesday’s decision by the Financial Accounting Standards Board is aimed at helping insurance companies comply with the new requirements, which …

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FASB Amends Upcoming Standard on Insurance Contracts to Ease Transition

The US accounting standard setter allowed insurers that recently sold their long-term insurance business to delist them from their balance sheets when they comply with a new accounting rule on the valuation of certain contracts. Wednesday’s decision by the Financial Accounting Standards Board is aimed at helping insurance companies comply with the new requirements, which …

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Future returns: climate bill to stimulate investment opportunities

Climate legislation passed by Congress and endorsed by President Biden in mid-August will create more investment opportunities for those who want to contribute to America’s energy transition away from fossil fuels. It’s unclear what many of those opportunities will look like, but the law, with $369 billion to increase the domestic supply of clean energy, …

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Health experts appalled by President Biden’s view that pandemic is over: ‘No, not even shutdown’

Health experts reacted with dismay Monday to President Joe Biden’s claim that the pandemic is over in an interview with “60 Minutes” that aired Sunday. “We still have a problem with COVID. We’re still working hard on it. … But the pandemic is over,” Biden told CBS News correspondent Scott Pelley. “If you notice, nobody’s …

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Should your small business get a loan to cover the rising costs of inflation? This can help you decide.

Small business owners have spent years trying to combat the effects of the COVID-19 pandemic, and now inflation has thrown a wrench in the recovery’s progress. Four out of five businesses report that rising prices have had a significant impact on their operations, according to the US Chamber of Commerce’s Q2 2022 Small Business Index. …

Should your small business get a loan to cover the rising costs of inflation? This can help you decide. Read More »

Exodus of Australia’s financial advisers predicted over next five years, according to investment trends

By Alice Uribe SYDNEY – One in four financial advisers is expected to leave the Australian wealth management sector in the next five years as regulatory changes and compliance challenges increase the costs associated with advice. A new report by Investment Trends found the number of Australian advisers has fallen to 16,500 in 2022 from …

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