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Showing 1381 - 1390 of 12383 results for "May"

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... super and are forced to rely more heavily on the taxpayer-funded age pension. To meet the rising costs, future governments may have to increase taxes or cut services to offset the extra fiscal pressure created by the bigger age pension outlays, SMC said. ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
The Reserve Bank of Australia (RBA) left interest rate unchanged at the May meeting, as was widely expected by economists. But some have suggested another hike could be on the horizon given less than optimistic inflation data which rose 1% in the March ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... clock to "progressively get our systems back online," but said restoration of services would not commence until Thursday, May 9. During that period, some services will remain limited, he added. UniSuper expects members will, "in some capacity," be able ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... does not mean trustees need to check every SOA, but it means they should have processes in place to identify practices that may be resulting in superannuation balance erosion, including from inappropriate advice fee charges," ASIC said. ASIC forewarned ...

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |  MONDAY, 6 MAY 2024
... outperforming the benchmark by 0.48%. It currently has about $275 million in FUM. A meeting of unitholders will be convened on May 14 to vote on whether the constitution should be modified, and a new class of units allowed to be listed. At least 75% ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... that they comply with regulatory obligations." The Court has directed the parties to confer with respect to directions that may be made for further hearing to determine the remaining questions in the proceeding, including penalties, on a date to be determined ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
The superannuation performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard. Mercer associate Kieran Chu said while the Your Future ...

Count renews Iress contract

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... Market Data businesses. "Our next focus for the Managed Portfolio is a strategic review of the businesses within it, which may include moving the UK back into the core part of our portfolio. We are also continuing the process of disentanglement in South ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... and claim the expenses you are entitled to," Thomson said. "Copying and pasting your working from home claim from last year may be tempting, but this will likely mean we will be contacting you for a 'please explain'. Your deductions will be disallowed ...

Men, women in same occupation drive pay gap

KARREN VERGARA  |  FRIDAY, 3 MAY 2024
... the pay gap for men and women working in the same occupation is the type of firms that men and women are working for. "Men may be more likely to work in high-paying firms, which require less flexibility and longer working hours. e61 Institute is currently ...