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Showing 1441 - 1450 of 18754 results for "ACT"

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
Superannuation funds' promotional expenses continue to balloon as new APRA data shows that AustralianSuper has the biggest marketing budget while Hostplus continues to splurge on sponsorship deals. Hostplus splashed a staggering $13.7 million on ...

VFMC wraps up leadership changes

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
Victorian Funds Management Corporation (VFMC) has fine-tuned its absolute returns team following an overhaul of the investment function late last year. The absolute returns team manages private credit and hedge fund exposures within client portfolios. ...

Realm House hires from Plato

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
A former Plato Investment Management credit specialist has joined contrarian credit and fixed income manager Realm Investment House. Simon Tung has been appointed portfolio manager within the boutique asset manager's strategy and risk division. ...

Perpetual delivers 'mixed' performance in Q2

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
Perpetual has seen assets under management (AUM) rise 3.6% to $230.2 billion in the second quarter to December 2024, but also sustained outflows of $3.8 billion and negative market movements amounting to $4.1 billion. Perpetual chief executive Bernard ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... failed to satisfy the relevant auditing standards on three audit files. It found that Islam failed to perform under the SIS Act, the Superannuation Industry (Supervision) Regulations 1994. In late 2022, the Australian Taxation Office (ATO) selected three ...

FOMC holds rates as Chalmers boasts 'our inflation is lower'

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... Fed chair Jerome Powell flagged uncertainty around the new Trump administration's policies. Powell said the FOMC will not act until they have seen "much more than we've seen now", adding "we are not in a hurry to adjust policy". Powell also flagged that ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Securities and Investments Commission (ASIC) has written to superannuation trustees urging them to strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ...

AFCA chief operating officer departs

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
The Australian Financial Complaints Authority (AFCA) has announced that chief operating officer Justin Untersteiner will be departing, effective March 14. Untersteiner is set to take up the role of chief executive of the Australian Health Practitioner ...

Franklin Templeton folds Martin Currie into affiliates

KARREN VERGARA  |  WEDNESDAY, 29 JAN 2025
Franklin Templeton announced it will fold Martin Currie, the US$17.9 billion fund manager, into its other brands, ClearBridge Investments and Franklin Equity Group. Martin Currie's Australia, UK, and global emerging markets investment and sustainability ...

SMC pushes for DBFO to curb retiree tax bills

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JAN 2025
... The SMC believes this is largely the result of a lack of basic financial advice and is another reason the government must act to implement the Delivering Better Financial Outcomes (DBFO) reforms. "Not knowing enough about super can lead to poor decisions ...