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Showing 311 - 320 of 5152 results for "Rest"

GESB expands leadership team

JAMIE WILLIAMSON  |  MONDAY, 14 APR 2025
... management of all member touch points to further enhance member servicing and overall member experience. "Together with the rest of our executive leadership team, these new roles will help support the efficient and aligned delivery of our strategic focus ...

AustralianSuper says cyberattack losses total $750k

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... stage, it appears AustralianSuper was the only super fund to have seen members suffer a financial loss. A spokesperson for Rest confirmed to Financial Standard that while there was suspicious activity on member accounts, no money was lost. "No money ...

Hostplus limits investment options

ELIZA BAVIN  |  FRIDAY, 11 APR 2025
Hostplus members with a Maritime Contributory Accumulation with a Protected Minimum Benefit (PMB) account will have their investment options limited. Effective May 8, Hostplus will limit access to three investment options: the Australian shares, international ...

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
The 25 largest state and local pension investment funds in the US have lost an estimated US$249 billion in public equities, according to the Equable Institute. The institute, which is a bipartisan nonprofit, said most of the damage occurred over the ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... Super MySuper, and UniSuper, charged comparatively low administration fees of $70 and $80 per year on a $50,000 balance. Rest, the slowest trustee, charged $130. Nulis, the trustee for MLC, charged the highest MySuper administration fee among the funds ...

Regal writes off Opthea, FUM takes 8% hit

KARREN VERGARA  |  THURSDAY, 10 APR 2025
Regal Partners has written off its entire investment in Opthea, which contributed to funds under management (FUM) taking an 8.3% hit in the March 2025 quarter. Regal ended up with $16.5 billion as total FUM suffered a $540 million loss stemming from ...

NAB forecasts 50bp rate cut in May

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
NAB chief economist Sally Auld said the Reserve Bank of Australia (RBA) may deliver a 50bps interest rate cut when it meets again in May. Auld said headwinds from the global environment have intensified, but conceded large amounts of uncertainty remain. ...

Data centres 'major growth sector' for Australia: Report

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
Australia is only second to the US as a top data centre investment location having deployed $6.7 billion in capital in 2024, according to a new report from Knight Frank. The Global Data Centres Report projected that the market would hit $6.6 trillion ...

Breaches continue as Cbus confirms 'unusual behaviour'

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
Cbus has confirmed it has reported to APRA an "unusually high spike in log-in attempts", impacting around 85 member accounts, which occurred several days after the cyber-attack that impacted other super funds. "At this stage of our inquiries, there ...

PM Capital hits back at Platinum after offer rejected

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
The PM Capital Global Opportunities Fund (PGF) has hit back after Platinum Asia Investments (PAI) rejected its non-binding indicative proposal, deciding instead to move forward with plans to merge with the Platinum Asia Fund Complex ETF (PAXX). PGF ...