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Showing 361 - 370 of 11486 results for "CAS"

Brookfield raises $4bn for new alts fund

ELIZA BAVIN  |  THURSDAY, 2 OCT 2025
Brookfield has raised more than $4 billion for the first closing of the Brookfield Infrastructure Debt Fund IV (BID IV). The fund targets high yield debt investments for infrastructure assets and businesses backed by regulated, contracted, or concession-based ...

MUFG 'sincerely apologises' to Cbus over claim delays

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
Cbus and MUFG Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its ...

RBA delivers 'hawkish hold'

ELIZA BAVIN  |  WEDNESDAY, 1 OCT 2025
The Reserve Bank of Australia (RBA) kept interest rates on hold at 3.6% at the meeting yesterday - a move widely predicted by economists. However, some were surprised by the post-meeting statement released by the central bank. "Recent data, while partial ...

Explosive rise in claims drives new TPD solution for Acenda

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Acenda has launched a new insurance benefit, Total Permanent Disability (TPD) Severity, in response to a significant surge in claims, particularly for mental health and musculoskeletal conditions. According to the life insurer, there was a 166% increase ...

Australia misses out on global dividends growth

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Despite global dividends achieving record growth in the first half of 2025, boosted by the weaker US dollar, Australia wasn't so prosperous. According to Capital Group's Global Equity Study Dividend Watch, global dividends increased 7.7% year on year ...

HESTA changes investment fees

ELIZA BAVIN  |  TUESDAY, 30 SEP 2025
HESTA has reduced investment fees across its ready-made investment options in the last financial year and announced a lower minimum balance for accessing Income Stream products. The investment fee reductions were across HESTA's top four ready-made ...

Crypto providers to hold AFSL under proposed laws

MATTHEW WAI  |  THURSDAY, 25 SEP 2025
The government is inviting industry feedback on its proposed legislation to develop a fit-for-purpose digital asset regime to better regulate platforms that hold digital assets. The draft legislation introduces two new financial products within the ...

Inflation rises 3% in August

ELIZA BAVIN  |  WEDNESDAY, 24 SEP 2025
The monthly Consumer Price Index (CPI) indicator rose 3% in the 12 months to August, according to the Australian Bureau of Statistics (ABS). "The 3% annual CPI inflation to August was up from 2.8% to July, making this the highest annual inflation rate ...

Shield collapse brings wholesale governance to the forefront

RIDDHIMA TALWANI  |  WEDNESDAY, 24 SEP 2025
The failures of Shield Master Fund and First Guardian Master Fund has pushed governance to the forefront - particularly among wholesale investors, according to Magellan Financial Group. Sophia Rahmani, chief executive and managing director of Magellan ...

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
A former Income Asset Management (IAM) employee has funnelled $1.5 million from the company using a bank account used by a "minority sub-custodian". IAM said it suspected fraudulent transfers made from a bank account maintained by its previous sub-custodian ...