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Showing 1571 - 1580 of 10303 results for "STI"

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

A playbook for private markets

CHLOE WALKER  |  WEDNESDAY, 15 JUN 2022
A panel at the Australian Institute of Superannuation Trustees (AIST) ASI 2022 conference has discussed how unlisted assets can be an important diversification strategy for super funds, despite challenges in accessing deals. IFM executive director private ...

ESG taxonomy key to achieving policy objectives

CHLOE WALKER  |  TUESDAY, 14 JUN 2022
ESG was something people were still googling five years ago. Now, it plays an important role in achieving objectives, the Australian Institute of Superannuation Trustees (AIST) ASI Conference has heard - but greater structure is required to reach its ...

Crypto companies halt withdrawals

ANDREW MCKEAN  |  TUESDAY, 14 JUN 2022
International cryptocurrency platforms Celsius and Binance temporarily suspended customer withdrawals. Yesterday, the world's largest crypto exchange, Binance, suspended withdrawals on the Bitcoin network. In a statement, Binance said: "This is ...

AustralianSuper changes admin fees

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
AustralianSuper is aiming to reduce costs to members by $300 million this year, including lowering administration fees for some members. According to the fund, members with less than $50,000 in their accounts will pay about 60% less than they currently ...

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
Commonwealth Bank and Westpac economists have predicted the Reserve Bank of Australia (RBA) to bump up official rates to 1.35% when it next meets in July; NAB and ANZ believe there will be another double hike in the next two months. Quickly following ...

Systemic disadvantages create retirement insecurity: HESTA

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
HESTA has submitted that applying the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIP) principles in Australia would lead to greater certainty and returns for super members. HESTA chief executive Debby Blakey said as a super fund ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

Reserve Bank tipped to hike rates again

ANDREW MCKEAN  |  MONDAY, 6 JUN 2022
Economists have had their say about tomorrow's Reserve Bank of Australia (RBA) decision, the vast majority anticipate the central bank to jack up cash rates. A Finder survey has said that 86% of its expert panelists believe the cash rate will change ...

TAL welcomes new chair

JAMIE WILLIAMSON  |  FRIDAY, 3 JUN 2022
Duncan Boyle has retired as chair of TAL, with Mark Joiner set to replace him. Boyle joined the TAL board as chair in September 2014. Now, after close to eight years, he has decided to retire. In doing so, he hands over the reins to Mark Joiner. In ...