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Showing 371 - 380 of 8221 results for "June"

Australian Unity offloads property fund

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
... transaction includes the transfer of management rights for PIF to Newmark, with completion scheduled to occur on or before 30 June 2025. Australian Unity said the sale of AUIL and transfer of management rights to Newmark will not involve any changes ...

MLC Expand reduces fees

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
The wrap platform has reduced fees for around 65% of all platform clients across Expand Essential and Expand Extra from June 1. The change will see the account keeping fee for Expand Essential drop from $90 to $78 per annum, while the administration ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... was a financial product, and that Block Earner engaged in unlicensed financial services conduct by offering Access. On 4 June 2024, the Federal Court relieved Block Earner from liability to pay a penalty for offering the Earner product. On 18 June 2024 ...

Vanguard Super leads in organic growth: KPMG

ANDREW MCKEAN  |  TUESDAY, 20 MAY 2025
... addition to the "mega funds," six others are within the $50 billion to $100 billion range. KPMG also found that, as of 30 June 2024, the average MySuper administration fee on a $50,000 balance was 0.36% within the retail fund sector - up 0.03% from FY23. ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... AFCA members; and the removal of AFCA's legacy Rules section, where the legacy jurisdiction has already closed at the end of June 2020. The key consideration among the changes include the consideration of a receiving bank in a scam transaction, which ...

Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... director as well as joining the board's Investment Committee and Conference Fund Manager Selection Committee, effective June 1. Jollie will remain with HM1 until June 30 to oversee the transition. "Richard is a globally experienced chief executive ...

Productivity Commission identifies priority reform areas

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... life and everyone has a stake in seeing it grow." Consultation on these reform areas will be open from May 19 through to June 6 on the PC website. The interim reports will be delivered over July and August. The PC will then conduct further consultation ...

Super funds covet more global equities: Research

KARREN VERGARA  |  MONDAY, 19 MAY 2025
... analysis from J.P. Morgan shows. The latest Super Fund Manager Radar note shows allocations to global shares jumped 173bps from June 2024, while investments in unlisted infrastructure and private equity each rose 27bps. Despite a prominent tilt to global ...

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
... saying its performance failed to meet expectations. The $8 billion industry superannuation fund will close the option on June 4, it confirmed. "After a period of observation, Prime Super has determined that the SRI Balanced option has not performed adequately ...

Panic selling of SMSF assets 'totally unnecessary'

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... is plenty of time to consider what the legislation ultimately becomes before making a decision. Any panic to meet the 30 June 2025 'deadline' is due to confusion regarding the significance of the definition of earnings." Busoli said only a portion ...