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Showing 341 - 350 of 8450 results for "Day"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... and have their insurance cover reinstated. However, due to a system error, the fund received a contribution outside the 28-day period, which mistakenly restarted the insurance on June 28 last year - resulting in affected members paying for insurance ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... reforms remains a priority before he bows out of politics but fell short of confirming when the draft bill will see the light of day. Jones told a recent media event that Tranche 2 is "our priority and is being written as we speak". "But it is complex. ...

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... Keybridge issued an ASX announcement stating its intention to make a conditional off-market takeover bid for WAM. The same day, WAM wrote to Keybridge and issued an ASX announcement stating that it "[did] not consider that the Proposed Bid is genuine". ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... are being left waiting far too long - months and months, in worst case scenarios over a year - which impacts people's day to day living, particularly if a breadwinner passes away, families can be thrown into real financial stress," he said. O'Halloran ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
US President Donald Trump has signed an executive order calling for the creation of a sovereign wealth fund. The executive order directs US secretary of the treasury Scott Bessent, who was sworn in last week by Supreme Court Justice Brett Kavanaugh ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
... December 2024 caused the system logic to assign insufficient memory to handle the number of users in Batch Settlement for that day," the ASX's Incident Review report read. At the time, ASIC said it was "deeply disappointed by the incident and the impact ...

Syfe bids for SelfWealth, ups BFG's offer

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... $65 million and marks a 133% premium to SelfWealth's last close share price of 12 cents as at November 12, which was the day before BFG announced its proposed acquisition. A few days later, AxiCorp Financial Services threw its hat in the ring, offering ...

AustralianSuper welcomes AI tech competition

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... Nvidia was already a volatile stock. "The company is up an eyewatering 90% over the past year. In fact, the top 10 single day stock falls (in terms of market value destruction) are all Mag-7 stocks - eight of which are Nvidia alone," Gleeson said. "The ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
... the overall objective of a more flexible arrangement for standards setting to deal with evolving market needs. However, a 30-day consultation period is not long enough to provide feedback on the most significant shake-up to the Australian standards setting ...

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA  |  FRIDAY, 24 JAN 2025
... managed funds via their broker using CHESS, and in batch settlement, each individual mFund with transactions settling on a given day generates an additional record within the CHESS "Users Global Section" page. "When mFund was initially launched in 2014 ...