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Showing 1751 - 1760 of 14210 results for "Interest"

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... spokesperson said. About 6800 members were affected, while the median amount remediated was $26.42, including any earned interest. However, some members were impacted to the tune of $400 or more. The amounts were only recently credited back to members' ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... Burshtein, the sovereign wealth fund stands as the Commonwealth's tenth largest expenditure, incurring an annual interest cost of $10 billion. "The $250 billion of capital currently managed by the Future Fund has an opportunity cost, the cost of ...

Lonsec appoints new investments leadership

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... investment solutions business as he brings considerable international expertise in multi-asset strategies and a particular interest in responsible investing." "Nathan joins the business at an exciting time as we continue to grow our expanding managed ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... million was remediated to customers suffering from poor retail and business banking services, as well as package fees, interest, and other fee remediation. CBA said that it continues to engage with ASIC in relation to remediation programs. It had a $262 ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... generally complimentary of one another, especially around fee disclosure, transparency, and working in the client's best interest," he said. Hejaz is aiming to attract over 3500 members, managing around $200 million in assets, within the next three ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... quality of tenants. CLW's portfolio remains well positioned to continue to deliver strong rental growth, whilst higher interest costs remain a headwind for all AREITs," Anger said. Separately, Dexus' Convenience Retail REIT (DXC) also reported ...

PGIM client group lead in sudden departure

ELIZABETH FRY  |  FRIDAY, 4 AUG 2023
After just three months, the head of PGIM's Australia client group suddenly left the firm. PGIM has confirmed that Murray Brewer - who spent more than 14 years with T. Rowe Price - has departed the US$1.2 trillion investment manager. It is understood ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... Investigations by The Australian recently found it was an email from Hempton to Chester that likely sparked the regulator's interest in Mayfair. Another request sought to access messages between ASIC staff, liquidators and a trustee associated with ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... 2021, ASIC alleges that Ryan amended Dixon Advisory's constitution to expressly authorise its directors to act in the interest of E&P Operations. On 24 December 2021, a deed of acknowledgement of debt between Dixon Advisory and E&P Operations was ...

Former director pleads guilty to super misuse

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
Mudasir Mohammed Naseeruddin has pleaded guilty to misconduct charges after he encouraged investors to move their super into a self-managed superannuation fund (SMSF) to lend those funds to his two companies. Naseeruddin admitted guilt to two charges ...