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Showing 1121 - 1130 of 18330 results for "Work"

HESTA turns the lights back on after service shutdown

ANDREW MCKEAN  |  WEDNESDAY, 4 JUN 2025
HESTA has completed the transition of its member administration services to GROW Inc, restoring online services after a seven-week disruption to transactions and app access. HESTA, which has over one million members, said this marked the end of one ...

MP says Coalition will 'fight to the death' over $3m super tax

MATTHEW WAI  |  WEDNESDAY, 4 JUN 2025
... half of all current superannuants, will be captured by 2053 due to the impact from 'bracket creep'." While there is more work to be done, WAM says the petition is an important contributor against the "illogical and unfair" policy. Treasurer Jim Chalmers ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
ASIC has taken Choosi to the Federal Court for allegedly failing to provide a range of comparable options on life and funeral insurance policies to customers and instead flogging products solely from Hannover Life Re. From at least 1 July 2019 and to ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
... minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a before-tax wage of $948 per week, up about $32 ...

Perpetual promotes two to strengthen fixed income team

MATTHEW WAI  |  TUESDAY, 3 JUN 2025
Perpetual has named a new head of credit and fixed income, and a deputy portfolio manager of its flagship trust. Vivek Prabhu has taken over the reins as head of credit and fixed income, extending his 20-year tenure at the organisation. The announcement ...

Retirement confidence highest since 2020: SSGA

MATTHEW WAI  |  TUESDAY, 3 JUN 2025
Despite persisting cost-of-living pressures, economic uncertainty, and heightened retirement costs, retirement confidence has increased from 24% in 2023 to 33% in 2025. Australia now sits just behind the US (34%) as one of the most optimistic countries ...

Superhero plans 'mass affluent' wealth play

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... Choudhury to the role of chief investment officer. Choudhury was with SSGA for more than 17 years before leaving in April 2022 to work at Aberdeen as an investment director. In the new role, he will oversee Superhero's $3.2 billion in funds under administration ...

Dai-ichi Life acquires 15% of M&G

JAMIE WILLIAMSON  |  MONDAY, 2 JUN 2025
... customers. Dai-ichi Life HD highly values the strong life insurance capabilities of M&G and, as part of the partnership, will work closely with M&G to enhance its own expertise in bulk purchase annuities." Dai-ichi Life will also consider distributing ...

AMP launches superannuation feature to boost retirement income

ANDREW MCKEAN  |  MONDAY, 2 JUN 2025
... Lifetime; a superannuation feature it claims could lift members' retirement incomes by over $100,000 in the first decade post-work. AMP Super Lifetime runs automatically in the background of a member's super account, creating a 'concessional' balance ...

Aware Super recruits Marsh McLennan risk specialist

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
Aware Super is bolstering its risk management and compliance team with a senior hire from Marsh McLennan, the global risk and insurance giant. The $200 billion industry fund has appointed Norlena Brouwer as head of business risk and compliance for enablement ...