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Showing 241 - 250 of 4536 results for "Dollar"

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... female, with chief executive Vicki Doyle describing the initiative as "a much-needed improvement." "We know every super dollar counts for these members, who often work in low income, part time or casual jobs. This change will undoubtedly help enable ...

MSC Trustees nabs Equity Trustees general manager

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... business development, client management and funds oversight. Over 20 years, she is recognised for overseeing multibillion-dollar funds under management initiatives and as an expert in regulatory and compliance practices." He added that the group is repositioning ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ...

ASX issues first corporate bond, underwritten by Westpac

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
ASX has unveiled the pricing for its first corporate bond; a $275 million issue of floating rate, unsecured medium-term notes. This issuance falls under its newly established Medium Term Notes Programme, dated 18 August 2023. The Notes have a coupon ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Grok Ventures appoints new chief executive

RACHEL ALEMBAKIS  |  FRIDAY, 9 FEB 2024
Mike Cannon-Brookes' family office Grok Ventures has hired a new chief executive, recruiting a former BlackRock and Macquarie executive. Grok has named global funds management executive Tan Kueh as chief executive, while Jeremy Kwong-Law will remain ...

Scarcity buys stake in asset manager

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... manager that caters to private wealth firms. Scarcity acquired a 30% interest in Evidentia Group but did not disclose the dollar value. Evidentia works with private wealth firms to build investment portfolios, specifically separately managed accounts ...

PGIM names institutional client group lead

ELIZABETH FRY  |  FRIDAY, 2 FEB 2024
... alternative asset classes. With a proven track record in private alternative investments, the firm has managed multibillion-dollar client mandates on the ground, including Australian real estate equity and debt strategies via PGIM Real Estate, and providing ...

Vale Lang Walker

CHLOE WALKER  |  MONDAY, 29 JAN 2024
Sydney-based property magnate and philanthropist Lang Walker has passed away, aged 78. Walker, who alongside his father Alec formed the privately-owned property development company Walker Corporation over 50 years ago, has been remembered as a nation-builder ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
Interest rates will continue to be a driving force behind client conversations in 2024 as financial advisers remain agile regardless of whichever direction they will go. The rapid upward trajectory of interest rates - from 0.10% in April 2022 to today's ...