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Showing 1171 - 1180 of 17436 results for "Billion"

Stop delaying Payday Super laws, says SMC

JAMIE WILLIAMSON  |  TUESDAY, 15 JUL 2025
... charges. There is currently about 3.3 million Australians with unpaid super, with the total bill now sitting at about $5.7 billion. Over the past decade, some $47 billion in super has gone unpaid. In FY23, the average impacted worker missed out on $1730 ...

Brighter Super awards $75m mandate

KARREN VERGARA  |  TUESDAY, 15 JUL 2025
... Brighter Super has awarded a $75 million mandate to Riparian Capital Partners to boost its agricultural assets. The $28.5 billion superannuation fund is allocating the funds to the Queensland Riparian Agriculture and Food Transition Trust (QRAFT). Brighter ...

HUB24 reports record $136bn FUA

KARREN VERGARA  |  TUESDAY, 15 JUL 2025
HUB24's total funds under administration (FUA) reached a record $136.4 billion at the end of June. Net inflows for the 2025 financial year were $19.8 billion, up 25% annually. Excluding the $4 billion of migrations during the period, net inflows ...

MA Financial gives $200m to legal finance platform

MATTHEW WAI  |  TUESDAY, 15 JUL 2025
... demand with 40% increase in applications per year. The company has also helped settle and facilitate the division of $1.3 billion in relationship property assets during the period, it added. JustFund said MA Financial's involvement comes at a critical ...

ART inks mandate with Zurich

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... statistics, there are 92,920 members in the Accumulation Choice product investing in the Super Savings MySuper with $4.5 billion. In the Lifecycle Investment Strategy product, there are nearly 1.9 million MySuper members with $86.6 billion. Zurich Australia ...

Betashares acquires InvestSense, launches Trellia Wealth Partners

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... acquiring managed accounts business InvestSense to create Trellia Wealth Partners out of the deal. Trellia will have about $8 billion in funds under management and will operate as a standalone business, of which Betashares will contribute $3 billion. ...

Superannuation is Australia's 'productivity engine': ASFA

MATTHEW WAI  |  MONDAY, 14 JUL 2025
... productivity in key areas such as enterprises, infrastructure, and technologies. This is equivalent to approximately $40 billion in new financial capital from institutional super each quarter, which must be deployed into new investments, ASFA said. ASFA ...

BNP Paribas names two new global heads

ELIZA BAVIN  |  FRIDAY, 11 JUL 2025
... Assets, in addition to her current role as global head of AXA IM Alts. The combined structure brings together over $533 billion (€300 billion) in alternatives AUM, across real estate, infrastructure, private debt and alternative credit, and private ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... Australians are leaving work permanently due to mental ill health than ever before with insurers paying out over $2.2 billion in mental health claims last year, according to new data from the Council of Australian Life Insurers (CALI). CALI said mental ...

TelstraSuper Balanced option makes 9.3%

KARREN VERGARA  |  FRIDAY, 11 JUL 2025
... in the median balanced option." APRA's March statistics show that TelstraSuper has 98,100 members with savings of $26.7 billion. Members have a median balance and age of $146,695 and 53 years old. In May, TelstraSuper terminated the potential merger ...