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Showing 161 - 170 of 2042 results for "EIT"

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ...

Pacific Current sees profits up 24%

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ...

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to ANZ to $750 million in response to heightened concerns about the bank's non-financial risk management practices. APRA said it has longstanding concerns ...

Future Group joins campaign to ban gambling ads

MICHELLE BALTAZAR  |  WEDNESDAY, 14 AUG 2024
Ethical investment groups Ethinvest and Future Group are backing an investor campaign to stop media giants Seven West and Nine Entertainment from running gambling ads. Ethinvest, a financial planning group, and Future Group, the parent company of super ...

UK regulators propose framework for workplace pension schemes

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
UK regulators have proposed rules for a new 'Value for Money' framework for default workplace defined contribution pension schemes, which has been likened to an "evolved version" of the APRA performance test. The joint framework, developed by the Financial ...

Assembly Funds Management seeks $100m

KARREN VERGARA  |  FRIDAY, 9 AUG 2024
Assembly Funds Management (AFM), backed by the Lowy family, is seeking to raise about $100 million in re-opening its second property fund. Australian Diversified Property Fund 2 (ADPF2) is rattling the tin for the second time after it completed its ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what ...

Vision Super closes property, infrastructure options

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2024
Vision Super is closing its Property and Infrastructure options, while also removing the asset classes from one of its balanced offerings. Effective October 4, Vision Super's Property and Infrastructure options will be closed to members, with Vision ...

Cbus unleashes raft of fee changes

ELIZA BAVIN  |  TUESDAY, 30 JUL 2024
Cbus has dropped its administration fee from $1.50 per week to $1 per week from September 28, saving members $26 per year. The total administration fees are made up of a weekly and percentage fee, so while the weekly fee has changed the percentage fee ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
New Zealand Super Fund (NZSF) returned a whopping 17% in the year to May, outpacing many of its benchmarks. Under the new leadership of chief executive Jo Townsend, New Zealand's sovereign wealth fund is aiming to double in size from its current ...