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Showing 3511 - 3520 of 28255 results for "NOT"

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
... competition among super funds for new members, and we know that funds seek to attract members with promises their investments will not be exposed to certain industries," ASIC deputy chair Sarah Court said. "When making these claims super funds must have ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... affected members who are invested in the Australian Shares option only. "Between 2 June and 23 June 2022, a franking credit was not accrued for in the crediting rate in the Australian Shares option," a spokesperson said. About 6800 members were affected ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... $3.6 million from its customers but paid only $1.1 million of this money to creditors. Over half (64%) of these customers did not have payments made to their creditors at all. The fees Solve My Debt Now charged for its services exceeded the amount the ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... would need to generate 4.1% returns after costs to just break even. "... and to break even on a cash basis only, this does not account for the investment risks borne by the Future Funds," he highlighted. As per APRA's assessment, the Future Fund ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... to work productively while maintaining their current work from home arrangements." "The return to office mandate is clearly not necessary and we are therefore disappointed that CBA has chosen not to address these significant concerns during the Fair ...

Vanguard reveals the premier asset class of the last 30 years

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... volatility smooths out in the long run, markets are unpredictable in the short run. The best performing asset class one year is not guaranteed to be the best the following year, and vice versa," Gopal said. "Take bonds for example - last year, fixed ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... the proceedings that we filed last week, we allege that eToro contravened the design and distribution obligations laws by not having in place an appropriate or adequate target market determination for CFDs - which, as noted above, are high-risk, complex ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... three investment options on offer, we're targeting returns which match industry benchmarks. We emphasise the importance of not disadvantaging those who choose to align their investments with their faith and values," he said. Hejaz Islamic Super and ...