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Showing 1391 - 1400 of 10550 results for "Close"

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... some of the windfall corporate tax receipts" the government has enjoyed in recent times, he said. Last year, Ireland raised close to €23 billion in corporation tax - up almost 200% in five years, largely paid by the likes of Google and Meta. "This ...

APRA moves to unmask super funds' spending secrets

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
APRA is advancing proposals to enhance transparency in how superannuation funds spend and invest members' money. The prudential regulator is proposing to publish total expenses for the industry by category and by internal, related outsourced and ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
Pengana Capital Group has introduced its first diversified global private credit investment fund for Australian wholesale and sophisticated investors, with several offerings for retail investors to follow. The Pengana Diversified Private Credit Fund ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
The government's proposed tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International ...

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
Future Super will soon transition to both a new administrator and custodian, with new contracts taking effect next month. The new mandates follow Future Super transitioning away from Diversa, appointing Equity Trustees as its trustee in July. "Future ...

Allianz Retire+ welcomes head of technical services

CHLOE WALKER  |  MONDAY, 9 OCT 2023
Justine Marquet will join Allianz Retire+ as its new head of technical services. Marquet brings over 20 years' experience in financial services, having worked in a variety of roles across product development, regulatory change, operations, and sales ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... equities marked a slight decline, shifting from $4.7 billion to $4.6 billion. Notably, Magellan's FUM was $50.9 billion at the close of September in 2022, and $113 billion in the same month of 2021. According to its annual report, Magellan's chief focus ...

La Trobe University appoints lead for $200m campaign

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
Following an extensive national recruitment process, Margo Powell has been appointed as La Trobe University's chief advancement officer to drive fundraising. Joining from Queensland University of Technology, Powell brings over 20 years' experience in ...

Housing crisis costing Australia $64bn: Aware

CASSANDRA BALDINI  |  FRIDAY, 6 OCT 2023
A lack of affordable housing for essential workers in capital cities is draining the nation of $64 billion, with Aware Super saying that's how much the scarcity is costing workers, employers and the community. Aware Super has reviewed the socioeconomic ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
The National Farmer's Federation (NFF) has voiced strong opposition to the government's draft reforms on tax concessions for superannuation balances over $3 million, signalling potential ramifications for rural communities. The NFF said that ...