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Showing 201 - 210 of 2469 results for "Budget"

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
... looking to mobilise billions more in private investment while delivering a return to taxpayers as it will also manage any budget surplus, the government said. It will kick off with $13.85 billion (£7.3 billion) of immediate funding from the UK Infrastructure ...

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
ASIC's regulation activity for the 2024 financial year is expected to slug financial advisers $48.39 million collectively as the annual levy does not appear to be reducing. Licensees that provide personal advice to retail clients on relevant financial ...

Advisers encouraged to embrace AI

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... tech spend would be $37,000 and planned to increase it by 6% to $39,000, while larger practices aimed to boost their tech budget by 8% to $91,000 per annum. "Advisers recognise the need for seamless integration across their technology platforms to enhance ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... a separate financial conduct regulator. "Following the Royal Commission, the Australian government increased ASIC's budget and further expanded ASIC's enforcement powers. ASIC's total resources increased from $607 million in 2016-17 to $861 ...

New recruits top advice industry priority: FAAA

KARREN VERGARA  |  FRIDAY, 28 JUN 2024
... reduce. "None of the messages coming out of ASIC would suggest that that would be the case. We're worried from what the budget announcement said - that the cost for the financial advice sector could even increase in the following year," he said. ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... governance policy, removing its revenue-based coal, oil and gas investment restrictions and replacing them with a "carbon budget framework". Market Forces analysis revealed Vision Super's default investment option has since picked up investment exposure ...

AustralianSuper completes build-to-rent-to-own project

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... option to buy the property at any stage at an agreed value. Residents are also offered optional money coaching to help them budget to purchase their home. AustralianSuper made a cornerstone investment in Assemble in 2020, acquiring a 25% stake. It has ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
... analysis focused on 38-year-olds and assumed that 20% of renters would purchase a home under the scheme. The Parliamentary Budget Office (PBO) estimated that the proposal could decrease the cost of the CRA by $35.4 million over the 2023-24 Budget forward ...

TCorp moves to new OneFund structure

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUN 2024
... was moving "to a more client aligned operating structure and simpler portfolio environment." Now, in the state's 2024/25 Budget, that plan has been finalised. The government is creating OneFund, which sees the Debt Retirement Fund, NSW Infrastructure ...

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... had fallen substantially since its peak in 2022 but said recent federal and state budgets could "add to demand". "Recent budget outcomes may also have an impact on demand, although federal and state energy rebates will temporarily reduce headline inflation," ...