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Showing 161 - 170 of 3357 results for "Mandate"

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ...

Ben Samild to leave Future Fund

JAMIE WILLIAMSON  |  MONDAY, 15 SEP 2025
... 12.2%, with its assets growing to $252.3 billion. Over a 10-year period, the Future Fund made 8% p.a. which exceeds its mandate of 6.9% p.a.

Macquarie AM wins sovereign wealth fund mandate

KARREN VERGARA  |  FRIDAY, 12 SEP 2025
... will prioritise investments in digital infrastructure, electric vehicle infrastructure and energy storage. In winning the mandate, MAM will establish an office in Riyadh. The non-binding MoU is subject to satisfying certain necessary requirements, including ...

Salary report shows 23% pay gap for top BDMs

MICHELLE BALTAZAR  |  THURSDAY, 11 SEP 2025
More distribution executives are seeking careers in the wholesale market as demand for super fund BDMs slow, Kaizen's latest salary report shows. Kaizen's Funds Distribution Salary Guide FY2025-26 found that salaries have remained flat in the ...

CSLR a 'shared responsibility' for all AFCA members: SMSFA

MATTHEW WAI  |  THURSDAY, 11 SEP 2025
Responding to the Treasury consultation on the Compensation Scheme of Last Resort (CSLR), the SMSF Association (SMSFA) agrees the most efficient and equitable way to fund the special levy is to spread it across all Australian Financial Complaints Authority ...

Future Fund achieves 12.2% in FY25, tops other instos

KARREN VERGARA  |  TUESDAY, 9 SEP 2025
... have tried to 'mess around with' as it were..." Over a 10-year period, the Future Fund made 8% p.a. which exceeds its mandate of 6.9% p.a. Over the same time horizon, the NZSF made 10.6% p.a. During the 12 months, Future Fund chief executive Raphael ...

NZ Super delivers 11.84%

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
... reference portfolio, which is a notional, passively managed portfolio of bonds and shares that we believe would meet our mandate," Townsend said. "For FY25, our value-added was 0.98%. In other words, we added $745 million to the earnings we would have ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... trust in Australia's wealth management and superannuation industries, confirming the value of strong regulation and the mandate for super funds to act in members' best interests," he said. "While it is essential that those who misled trustees, research ...

BlackRock nabs $122bn Citi mandate

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... investing in equity funds it managed in part because of concerns over its voting record on sustainability issues. That mandate is reported to have been worth $25 billion (€14bn). It was part of the pension fund's overhaul of its equity managers ...

RBA 'alert' to impact of tech on the economy: Bullock

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
... AI and digitalisation, could influence the economy and reshape the environment in which we pursue our monetary policy mandate," Bullock said. "What might these shifts mean for productivity, potential growth and inflation dynamics? Could they alter the ...