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Showing 1441 - 1450 of 34270 results for "Financial"

RBA powers deemed 'last resort' for critical financial infrastructure fallout

MATTHEW WAI  |  TUESDAY, 1 JUL 2025
... the continuity and stability of a domestic CS facility licensee following the passing of the Treasury Laws Amendment (Financial Market Infrastructure and other measures) Bill in September 2024. Under new the legislation, ASIC is primarily responsible ...

Super on paid parental leave to reduce gender gap: ASFA

ANDREW MCKEAN  |  MONDAY, 30 JUN 2025
The introduction of superannuation contributions on paid parental leave (PPL) is set to boost women's retirement savings by $7200, according to new research from the Association of Superannuation Funds of Australia (ASFA). Superannuation contributions ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
The average superannuation balance grew 5% to $172,000 at the end of the 2023 financial year, new statistics from the Australian Taxation Office reveal. Women had an average super balance of $154,641, while men had $192,119. The median was $54,349 and ...

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... rectification from 30 days to 60 days. It also increased the number of impacted consumers from five to 10, as well as the total financial loss or damage to consumers from $500 to $1000. If a breach satisfies all these thresholds, it is not deemed reportable ...

TA Associates invests in Viridian Financial Group

KARREN VERGARA  |  MONDAY, 30 JUN 2025
TA Associates announced it will make an undisclosed investment in Viridian Financial Group to help the latter accelerate its next phase of growth. Viridian chair James Joughin said: "By combining the strengths of both companies, the Viridian board anticipates ...

MLC AM delivers real returns for members in FY25

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... equities amid tariff-induced market turbulence has led to MLC Asset Management achieving double-digit returns for the 2025 financial year and, more importantly, real returns for members, according to its investments chief. MLC's High Growth Option ...

Bombora Advice appoints new chair, managing director

ELIZA BAVIN  |  MONDAY, 30 JUN 2025
... member of the Bombora board since April 2024. Handley paid tribute to Martin's leadership which he said ensured strong financial management, corporate governance and positive positioning of the brand in the risk sector. "It is a privilege to be appointed ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
APRA's 2025 Stakeholder Survey shows that cyber security risk has emerged as the topmost concern in financial services. The survey, which gathered responses from 262 financial institutions, revealed that the threat of cyber security was listed as a ...

Legalsuper celebrates double digit returns

JAMIE WILLIAMSON  |  FRIDAY, 27 JUN 2025
Legalsuper expects to close out the financial year with a return of more than 11% for its MySuper product. The super fund predicts FY25 will see a return of at least 11% for its MySuper Balanced option, while the High Growth option should return about ...

Brite Advisors auditor admits failures, surrenders registration

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... will continue to investigate where we identify potential misconduct or non-compliance." ASIC cancelled the Australian financial services licence of Brite Advisors after it failed to pay a compensation order upheld by the Australian Financial Complaints ...