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Showing 341 - 350 of 2681 results for "Fair"

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... massive mandate loss represented about 9% of Platinum's FUM of $15.6 billion at the time. Incidentally, Morningstar cut its fair value estimate of Platinum's share price by 20% to $1.00. "Product limitations make it difficult for Platinum to ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... performance test has several shortcomings that must be addressed in Treasury's latest round of consultation so it is fair and sustainable, the Actuaries Institute Summit heard. Mercer associate Kieran Chu said while the Your Future, Your Super (YFYS) ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... caused disruption across the entire business, however it is finalising how it can process member requests "in a way that is fair and equitable for members, as you expect and deserve," and that members will be kept updated as to developments. Some members ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... that come to pose a national security concern in time," he said. Foreign investors are being warned that they will pay their fair share of tax. This means the government releasing updated guidance about tax arrangements that will attract greater scrutiny ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
Crescent Wealth Superannuation will shut down next month; its members will be moved to the new 'Salaam' division of Russell Investments Master Trust. Following a review by Equity Trustees, the trustee for Crescent Wealth's super fund, an ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... forward with a global deal to tax the super-rich. It's all part of ensuring that rich countries and rich people pay their fair share towards tackling inequality and climate breakdown," said Donald. A separate Oxfam study reveals that billionaires are ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... superannuation entitlements by as much as $300,000. Gordon Legal partner James Naughton said there is "no time to waste" in seeking fair payments for the affected transport workers. "Time is of the essence; we are seeing workers who are delaying their ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes. In July 2022, ASIC issued civil penalty proceedings ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... to hover around 7800, signalling what Morningstar called a "modest overvaluation" with stocks trading on average 5% above fair estimates. "The market has surprised on the upside, with equity investors looking through the malaise to the green pasture ...