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Showing 1271 - 1280 of 9237 results for "Benefit"

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Insignia Financial finds buyer for Millennium3

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... chief executive Keith Cullen said the acquisition represents a significant opportunity to continue leveraging its scale to benefit the advice practices it supports. "WTL presents as an ideal home for M3 advisers - one where we believe they can and will ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... field that only promotes efficiencies in a subset of scenarios. Consequently, the proliferation of products that could benefit from "modernisation" is creating system-wide inefficiencies, with our research indicating negative consequences for all stakeholders." ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... involving members and other beneficiaries with entitlements in Retirement Access and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... UK. Earlier in his career, he worked in traditional actuarial consulting, advising large companies with complex defined benefit pension/superannuation funds. Thornton has been replaced by Catherine van der Veen and Lucy Foster, who will share the head ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
Treasurer Jim Chalmers has tabled a new bill in Parliament to legislate an objective of superannuation, aimed at securing a dignified retirement for more Australians. The Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... potentially bring a dispute to us, we then have to consider whether we exclude it," he said. Retail investors have the benefit of consumer protections set out in the Corporations Act. Conversely, wholesale investors do not. "Sophisticated and professional ...

Super funds missing out on rich returns from Aussie agriculture

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
Global pension funds are increasing investments in Australian agriculture, the nation's second-largest real estate sector, prompting Warakirri Asset Management managing director Jim McKay to question the relative absence of superannuation funds. Warakirri ...

Count, Diverger forge ahead with acquisition

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... opportunity in the advice and accounting market. Specifically, the combined group comprising Diverger and Count is expected to benefit from a significantly strengthened market position, enhanced scale and provides a platform for enhanced market liquidity ...