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Showing 1581 - 1590 of 13911 results for "State"

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... would happen again today, including the likes of AMP's Shane Oliver and T. Rowe Price's Scott Solomon. Equally, State Street Global Markets head of APAC macro strategy Dwyfor Evans described it as a surprise move. "Inflation remains high relative ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
Future Super has been handed an infringement notice by ASIC over a Facebook post that implied all its funds under management had been invested in fossil fuels prior to transitioning to Future Super. The $13,320 infringement notice follows ASIC raising ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The recent collapses of local financial advice startups Creativemass and TIQK indicate that the freewheeling days of venture capital funding is drawing to an end. Creativemass, a financial services software provider used by the likes of AMP and Bombora ...

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
... living in Bali, Costa Rica and Mexico City. Other sources, including a law firm representing one of his former clients, state Nugara fraudulently obtained as much as $9 million over the years. Recent weeks have seen a string of former financial advisers ...

Aware retires VicSuper brand, expands investment menu

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... finally retire the VicSuper brand next month, just shy of its 30 th birthday. The brand was retained in the merger with First State Super in 2020 and members were kept in a separate division. Effective May 11, Aware will combine its memberships. At the ...

Ord Minnett welcomes head of private wealth

CHLOE WALKER  |  FRIDAY, 28 APR 2023
... at NAB, Westpac and at Wilsons, where he was general manager of private wealth. Most recently, he served as Ord Minnett's state manager, Victoria and South Australia. In his new role, Hegerty will take a national view as well as continuing to be Ord ...

Infrastructure an asset class for all seasons: IFM

CHLOE WALKER  |  FRIDAY, 28 APR 2023
The role of infrastructure in portfolios will continue to be a prominent theme for asset allocators this year, as will increased consideration of social factors, according to new report by IFM Investors. The report, titled Infrastructure Outlook 2023 ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
On the back of yesterday's heatmaps from APRA, Industry Super Australia (ISA) has said it's clear that closing funds to new members is a Choice sector business model, not a punishment. The Choice heatmaps revealed two thirds of products that are closed ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... were also sent to the trustees of AMP, Australian Retirement Trust, Aware Super, Brighter Super, BT, Cbus, Colonial First State, Commonwealth Superannuation Corporation, Equipsuper, ESSSuper, GESB, HESTA, MLC Super, OnePath, State Super, Super SA, and ...