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Showing 1631 - 1640 of 6256 results for "December 19"

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Actuaries Institute has called on the Australian Taxation Office to play a role in spreading the impact of withdrawals from the governments early release super scheme, estimating it will see $25 billion pulled from super. The government announced ...

Industry fund boss exits

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
The chief executive of a $6 billion industry superannuation fund is stepping down, with his successor named. Graeme Russell will walk away from the top job at Media Super on April 6, after more than seven years with the industry super fund. Russell ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
APRA's June update to the MySuper heat map is in question, as the prudential regulator suspends the majority of its supervisory and policy initiatives to zero in on the health of its regulated entities amid COVID-19. The prudential regulator has ...

CFA postpones exams

ELIZA BAVIN  |  FRIDAY, 20 MAR 2020
The CFA Institute has postponed the June 2020 CFA exam, saying the decision was reached for the safety of the global community. CFA said the health and safety of employees, stakeholders and affiliates around the world is its top priority, as COVID-19 ...

APRA locks in mid-year heat map update

HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
APRA has committed to releasing an updated portion of its controversial MySuper heat map in June to reflect the actions of superannuation trustees over the seven months since its initial release. The prudential regulator is set to release an updated ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
The Australian arm of a global investment management company has been charged with breaching client money obligations. Societe Generale Securities Australia (SGSA) is facing criminal charges in Sydney on two counts of failing to pay client money into ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
The current volatility of global financial markets is taking its toll on some of Australia's largest superannuation funds. Latest Rainmaker analysis of superannuation returns and unit pricing shows Australia's large superannuation funds aren't ...

Former Toys "R" Us executives face fraud charges

ALLY SELBY  |  MONDAY, 16 MAR 2020
Former executives of the popular children's store lined their pockets with $26 million (US$16 million) in bonuses just days before filing for bankruptcy, including a $4.2 million (US$2.6 million) bonus awarded to chief executive David Brandon. This ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
It's official! The World Health Organisation (WHO) has declared COVID-19 a pandemic. Uh, scary! But what's in a word? According to the ABC : "An outbreak is a sudden rise in cases of a disease in a particular place. An epidemic is a large outbreak. ...