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Showing 111 - 120 of 2615 results for "Friday"

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... from not-for-profit funds, while the remaining 28% from retail funds. Prime Minister Scott Morrison told parliament on Friday last week the most recent ERS figures were significantly higher than APRA's data, which is a week behind. "The superannuation ...

Westpac admits to failures

ELIZABETH MCARTHUR  |  MONDAY, 18 MAY 2020
On Friday, Westpac filed its defence in the Federal Court in relation to proceedings brought by AUSTRAC regarding alleged breaches of anti-money laundering and counter terrorism financing laws. "Westpac accepts the gravity of the issues raised by the ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... funds were slightly more subdued, they were still significant. Colonial First State had paid out $473 million to members by Friday,May 7. CFS general manager product, marketing and remediation Kelly Power said those figures are in line with CFS' expectations. ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... systems and to assist an Australian Federal Police investigation into instances of fraud. Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed. Updating its stats, Rest ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... Sunsuper, as the default super fund for Virgin Australia, has paid out at least $784 million to 108,000 members as at last Friday. "With 1.4 million members and a relatively young and diverse membership base employed right across the economy, we anticipated ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... Australians safe. "National Cabinet agreed to bring forward the review of the first phase of removing baseline restrictions on Friday 8 May 2020, including an assessment of achievement against precedent conditions," Morrison said. The IMF had previously ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... members to be paid after approval being just 1.6 business days. Hostplus told Financial Standard as at close of business on Friday, 24 April 2020, it had received 84,613 claims under the ERS scheme. The fund has paid out a total of $603 million so far ...

Property giant kicks off capital raise

ALLY SELBY  |  MONDAY, 27 APR 2020
... issued at $2.90, a 7.9% discount from Charter Hall's real estate investment trust's (ASX: CQR) closing price on Friday. The proceeds from the capital raise will strengthen the REIT's balance sheet and provide flexibility amid the COVID-19 ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... (USO), Bloomberg reported. Oil prices' crash has made OOO the worst-performing ETF for all listed on the ASX. It ended Friday down nearly -70% since the start of the year, as well as on a 12-month basis. On Thursday, BetaShares announced the ETF ...

AMP Capital shutters global equities fund for platform investors

KANIKA SOOD  |  TUESDAY, 21 APR 2020
... investors on platforms. AMP Capital's wholesale global equity - growth fund for platform investors (Class M) was closed last Friday. The decision was taken by the fund's responsible entity, National Mutual Funds Management Limited. "A reduction in the ...