Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1741 - 1750 of 22782 results for "Funds"

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... system. "This year we have expanded responsibilities in terms of looking at financial reporting and audits from the super funds to understand whether there is full, clear, transparent disclosure around what they have, where it is invested and how they're ...

Advice take up falls amid decade-low retirement confidence

MATTHEW WAI  |  FRIDAY, 15 NOV 2024
... financial advice, Investment Trends found, and two-thirds of pre-retirees are unaware of pension products from their super funds. "The challenge for super funds is to motivate large numbers of members to take specific actions-like making voluntary contributions ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
ASIC warned it will turn up the heat on superannuation funds by adding new enforcement priorities and flagging that it will hold directors on trustee boards to the same standards as those in big companies. While the corporate regulator heightened its ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
The chief executives of the Super Members Council (SMC) and the Association of Superannuation Funds of Australia (ASFA) have told the senate economics committee that Australians deserve better outcomes from their super funds, but said reforms are needed. ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... covering firms with four or more complaints from 1 July 2023 to 30 June 2024. In the superannuation sector, the largest funds in terms of membership received the most complaints. AustralianSuper topped the list by far with 1550. This was followed by ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... been undertaking the Pensions Investment Review and, publishing the interim report, delivered modelling that shows pension funds begin to return much more productive investment levels with assets between $48 billion (£25bn) and $98 billion (£50bn). ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... to be helpful." As of 1 January 2022, trustees cannot pay for penalties out of the assets of a super fund. However, many funds, including Cbus, introduced trustee services fees in response whereby members are charged a small fee via its existing reserves ...

HNWIs demand alternatives, platforms lack access

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... of HNW-focused advisers see alternatives as key in meeting client demands in the future. This is behind exchange-traded funds (ETFs), which 79% of wealthy investors plan to allocate to in the future. They also see themselves investing more in ESG-related ...

Bell Financial Group bids $51m for SelfWealth

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... premium on SelfWealth's November 12 closing share price of 12 cents. SelfWealth has nearly 130,000 active portfolios and funds under administration (FUA) of about $11 billion. The transaction will see BFG's FUA rise to $94 billion. At the end ...

Platinum exec pay hit with second strike

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... the lead up to casting votes, Peters told shareholders that his top priority is to improve the core business and stabilise funds under management (FUM), which dwindled to $12.2 billion at the end of October. "We do acknowledge the underperformance and ...