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Showing 61 - 70 of 9827 results for "Government"

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... information on member benefit statements, including members in receipt of account-based pensions. Another suggestion is the government providing educational material to members to better understand how large unforeseen expenses such as aged care and ...

BlackRock appoints Aussie head, builds out NZ business

CHLOE WALKER  |  THURSDAY, 8 FEB 2024
... independent head of New Zealand. Its $2 billion New Zealand climate investment fund, announced by the previous Labour government in August 2023, is expected to make its first investments in early 2024. "Irrespective of government, we see this not only ...

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... balance for over two million members aged 55-74. "There is already a lot being done, and we all need to team up - the government and the industry - to ensure financial security for those in retirement. Instead of just having a 'nest egg,' let's ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... excluding investments in Elbit since 2012. The world's largest sovereign wealth fund, Norway's $2.4 trillion Government Pension Fund Global, has excluded Elbit since 2009 for reasons of "other particularly serious violations of fundamental ethical ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... higher-income individuals and men receiving the lion's share of advantages. In a move to address this imbalance, the government, as outlined in the 2023-24 Budget, plans to introduce a 30% tax rate on superannuation earnings over a $3 million threshold. ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... interest rate risk associated with the consortium's acquisition of a majority stake in Ausgrid, purchased from the NSW government. In May 2021, ASIC commenced civil proceedings against Westpac for insider trading, unconscionable conduct, and breaches ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
... West', without law or regulation of any kind. Nothing could be further from the truth." Longo referenced the federal government's interim report on regulation, which stated that businesses and individuals who develop and use AI are already subject to ...

Norway's oil fund returns 16% in 2023

JAMIE WILLIAMSON  |  WEDNESDAY, 31 JAN 2024
... 16.1% return for 2023 following the -14% it recorded the previous year. Norges Bank Investment Management reported the Government Pension Fund Global raked in a return of $322 billion for the year, largely driven by investments in AI-related stocks. ...

AI mania will underwhelm advice: Finura

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... the business model of advice," the report read. "With the prospect of smoother regulations and an expectation by the government that super funds will open up advice offerings to members, you would expect an explosion of new digital advice offerings in ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
The federal government has officially released amendments to Stage 3 income tax cuts, saying that cost-of-living pressures has forced it to do so. Among the changes, Treasury is proposing to reduce the 19% tax rate to 16% and increase the threshold ...