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Showing 2111 - 2120 of 22782 results for "Funds"

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
Superannuation funds continue to grapple with their retirement income strategy obligations, citing financial advice regulation uncertainty, costs, and the lack of member engagement as major barriers. This is according to joint oversight by ASIC and ...

GigSuper goes into liquidation

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... "Research shows that up to 75% of self-employed are presently not contributing to super. Unlike the other superannuation funds in Australia, we refuse to sit by and let these self-employed Australians, in the gig economy or otherwise, continue to struggle ...

Pacific Current names acting chief executive

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... the deal. Clarke is currently a non-executive director at Perpetual and was the acting chief executive of Challenger's funds management business. Prior to that he spent more than eight years as its general manager of institutional and offshore distribution. ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... carrying high, single digit returns," he said. Preliminary Chant West estimates show the median growth fund return for super funds in FY24 is at about 9%. As of today, ART introduced changes to its lifecycle strategy, which affects how members' money ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... the portal is expected to enhance APRA time to decision, and improve operational efficiencies for both itself and super funds.

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

Stafford Capital wins $569m mandate

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
... billion ($75.89 billion). Stafford invests in core timberland through the Stafford International Timberland (SIT) series of funds. The strategy invests in operational, yielding timberland estates, accessing investments primarily through off-market secondary ...

ASIC takes action against Guildfords FM, director

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group. ASIC found "significant and systemic failures of oversight and compliance" upon ...

Clime completes Madison Financial sale

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... profit improvement in FY25, with normalised profits of approximately $500,000 and streamlined operations with a focus on funds management and private wealth. In addition to the sale, Clime also announced the appointment of Michael Baragwanath as a new ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... related property investment company Global Capital Property Fund Limited (GCPF). ASIC sought the orders to protect investor funds while an investigation is continuing. Justice O'Callaghan ordered that United Global and GCPF be restrained from removing ...