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Showing 3171 - 3180 of 22782 results for "Funds"

Qantas Super appoints deputy investment chief

ELIZABETH FRY  |  FRIDAY, 12 MAY 2023
... the $12 billion investment portfolio. The mid-sized asset owner is one of Australia's largest corporate superannuation funds, with over 30,000 members and more than $9 billion in funds under management. At Qantas Super's annual general meeting ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
The Australian Financial Complaints Authority (AFCA) received close to 1500 complaints about superannuation funds over the course of the COVID-19 pandemic. Releasing data now that the World Health Organisation has declared the pandemic over, AFCA said ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... it stands, the agreement contains a condition that Liontrust be allowed to withdraw its offer is a proposed exit of GAM's funds management business fails to occur. The investor group said this is unfair to shareholders, needlessly favours the bidder ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... 'earnings' for the purposes of this new tax are not overstated," he said. "This methodology discriminates against those funds who can identify and report to the ATO actual taxable earnings attributable to each member." On the other hand, HESTA chief ...

Family offices maintain a steady course: Goldman Sachs

CHLOE WALKER  |  WEDNESDAY, 10 MAY 2023
... to alternative or private investments than other investors," it said. Meanwhile, the global average allocation to hedge funds is unchanged since 2021 at 6%. "However, we have seen improving sentiment around this asset class with low correlation strategies ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government proposed that for ...

Supercharging Australia's climate investment action

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... climate-related financial disclosure requirements for large businesses and financial institutions including superannuation funds and investment managers. Abatement strategies utilised by these players will also be scrutinised more intensely to ensure ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... territory following 2022 being negative and among the worst they've been for fund members since the GFC, taxes paid by super funds have collapsed almost two-thirds from $27 billion in 2021-22 to just $9.6 billion in 22-23. Super fund tax revenue ...

Australia's enviable debt levels

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... annual deficits has major implications for Australia's fixed interest investment markets, and the nation's superannuation funds that would normally be expected to be major buyers. Note that if interest rates fall in the next few years, as the budget ...