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Showing 231 - 240 of 2123 results for "Funding"

AMP's MyNorth sees inflows rise 76%

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... division, in our existing bank we continue to carefully manage margins through restrained loan growth given the competitive funding environment," she said. AMP Bank saw its total loan book increase marginally in Q2 from $22.9 billion to $23 billion.

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... Although 83% of Australians agree that superannuation is an important investment for them and will play an important role in funding their retirement, more than half don't understand how the total fees they pay affects their balance. "The amount ...

Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... Super chief executive Jo Kowalczyk voiced her concerns over the proposed policy, saying it highlights the shortfall in funding for crisis support and affordable housing. "The shortfall in funding for women who have separated, for affordable housing and ...

Property fund management firm loses AFSL

MATTHEW WAI  |  TUESDAY, 15 OCT 2024
... lodge annual compliance certificates on time; failing to comply with a condition of the licence; failing to pay industry funding levies owed to ASIC; and/or ceasing its financial services business. Stated under section 912A of the Corporations Act, AFSL ...

Insignia Financial to trial four-day work week

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
... payment of $1200. Those earning less than $130,000 will see guaranteed annual pay increases, and there will be guaranteed funding for a discretionary pool. Insignia Financial will also increase superannuation guarantee contributions for staff. Parental ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... indexation will also have a devastating impact on the venture and start-up sectors that rely so heavily on the SMSF sector for funding," he added. "At a time when we need to lift economic growth, these sectors are a critical driver of productivity, and ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... financial stability. " The sector has historically posed little risk to the financial system owing to its smaller footprint in funding Australian banks and corporations, limited use of leverage, and steady inflows of defined contributions that simply ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... which rose moderately by 0.3%, or $13.7 billion, in the June quarter. The ABS said the final allowance under the Term Funding Facility (TFF) from the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. ...

AustralianSuper appoints first chief liquidity officer

ELIZA BAVIN  |  THURSDAY, 26 SEP 2024
... effective January 2025. Bhindi joins AustralianSuper from Commonwealth Bank, where he was responsible for the group's funding and liquidity and most recently as general manager capital management and stress testing for the group. Bhindi brings more than ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... $4.995 million fine. "The consequences of manipulating energy markets can have a detrimental flow on impact to supplier funding costs, and in turn energy prices. This can lead to higher energy bills for consumers who are already struggling with the cost ...