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Showing 121 - 130 of 4311 results for "Raise"

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... allowing heartland to optimise the advantage of a lower cost of funds," Heartland said. "Challenger Bank continues to actively raise deposits ahead of being acquired by Heartland Bank and will continue to do so following completion." In addition to the ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
Superannuation funds are increasingly flouting their internal dispute resolution (IDR) process and are not doing enough to resolve member complaints before they reach the Australian Financial Complaints Authority (AFCA). The complaints authority warned ...

Australian private capital industry surges 33%

ELIZA BAVIN  |  TUESDAY, 2 APR 2024
Australia's private capital market has grown 33% over the past 18 months, with assets under management (AUM) now reaching $139 billion. Preqin and the Australian Investment Council released the 2024 Australian Private Capital Market Yearbook which tracks ...

Nobel Prize-winning economist Daniel Kahneman dies

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
Daniel Kahneman, the Nobel Prize-winning economist and author, has died aged 90. Kahneman was an Israeli American psychologist whose research into human behaviour upended economics. Kahneman's research demonstrated humans would often abandon logic and ...

PE deals tumble again, down 63%: Bain & Company

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
... equity report read. "And because its limited partners (LP) were looking for sizable co-investment opportunities, PEP aimed to raise a $750 million fund, less than half that of its previous PE fund. That target size was large enough for six to eight deals ...

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... a median-priced house and unit. The data shows no-one in this age group in Sydney, whether single or in a couple, could raise enough money for the deposit on an average house or unit by using their superannuation alone, even if they drained their retirement ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
Industry funds will soon be home to more than 50% of all superannuation assets, as per Deloitte's Dynamics of the Australian Superannuation System report. Retail funds are anticipated to grow in the future, thanks to their existing scale, a wealthier ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... ensure consumers make sound financial decisions in retirement. It outlined areas where it expects firms and advisers to raise standards. Review findings The FCA found not all advice firms are effectively considering sustainability of income withdrawal ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets. The Castlerock Government Property Fund invests in state and Commonwealth government properties spanning five states. The 10-year-old ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...