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Showing 1391 - 1400 of 28224 results for "NOT"

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
QSuper, which merged with Sunsuper to create Australian Retirement Trust (ART), Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... pressure to the sector to ensure that all funds - no matter how big or small - are meeting their obligations to members. "It's not up to us to talk about how people get on the boards or the executive positions, and it's not up to us to tell them ...

QIC completes equity raise, refinancing for energy platform

MATTHEW WAI  |  WEDNESDAY, 28 MAY 2025
QIC has completed a $370 million equity raise and $1.6 billion debt refinancing for Pacific Energy Group (PEG) for a contracted capacity of 946 megawatts (MW) across 48 sites. The equity commitments came from investors across Australia, Asia and North ...

Count Financial class action dismissed

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... benefits. Further, the class action alleged advisers charged some clients ongoing service fees in circumstances where they did not provide them any ongoing service. The Federal Court determined that Count had systems in place to enable it to monitor ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... From 1 July 2025, the benefit of any tax deduction available to the fund will be paid into the Administration Reserve and not passed directly back to members through reduced premiums," the fund said. "The purpose of the Administration Reserve is to fund ...

'Going corporate' key to family business success: KPMG

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... 2040. "The movement of wealth over the next decade means a focus on sustainability and growth for family businesses. It's not just about their survival but also their ability to succeed across generations," Langsford said. "Growth today is about financial ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... question, but these claims were discontinued. "We believe the evidence in this case will show that AMP was driven by profit and not the best interests of its superannuation members - made up of millions of hardworking Australians," said Emma Pelka-Caven ...

Australian firms may face 'intense competition': RBA

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
... bearing economic costs may prove lower; domestic stimulus may prove to be harder to deliver; and so on." Hauser said while it is not yet known how the situation between China and the US may unfold, Australian firms may be collateral damage. "An example ...

Australian investors loyal to wealth managers - until they're not

ANDREW MCKEAN  |  MONDAY, 26 MAY 2025
Australian investors show a greater willingness to stay with their wealth provider than their global counterparts, according to the 2025 EY Global Wealth Research Report. However, despite this relative loyalty, more than one in five investors still ...

Cost-of-living, unaffordable advice fuels financial stress: Surveys

KARREN VERGARA  |  MONDAY, 26 MAY 2025
... Australians feel as though their financial situation is in dire straits as many struggle with the cost-of-living crisis and do not know the best place to seek financial advice, new surveys reveal. One survey from MLC conducted by McCrindle found that ...