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Showing 371 - 380 of 7069 results for "June 2013"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...

Perennial beefs up sales team

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
Perennial Partners has made three key appointments to bolster its distribution team and better support its institutional and wholesale marketing efforts. Scott Curtis joins as director for private wealth and family office, based in Sydney. Bringing ...

HUB24 engulfs ClearView's remaining superannuation business

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
HUB24 expects its $121 billion in funds under administration (FUA) to surge even further as it takes on ClearView's superannuation and pension business, WealthFoundations. WealthFoundations will bring $1.3 billion in FUA via a successor fund transfer ...

Dexus delivers profit, flags 'turning point'

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
Dexus delivered a statutory net profit after tax of $10.3 million in the six months to 31 December 2024 - a major change compared to the $597.2 million net loss after tax in HY24. Dexus chief executive Ross Du Vernet said the group had progressed its ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
The Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points, bringing the official interest rate down to 4.1%. While the cut was widely expected, the RBA was quick to diffuse any hopes of a quick cutting cycle. "A range of indicators suggest ...

Custodians revel in double-digit gains

JAMIE WILLIAMSON  |  TUESDAY, 18 FEB 2025
Most of Australia's custodians enjoyed double-digit growth in the second half of 2024, benefitting from strong investment markets and ongoing industry consolidation. Data from the Australian Custodial Services Association (ACSA) shows in the six ...

Housing construction lags broader economy by 49%: PC

KARREN VERGARA  |  MONDAY, 17 FEB 2025
The housing construction sector is lagging Australia's productivity levels by 49% and is helping fuel the affordable housing crisis, a new report from the Productivity Commission reveals. The Housing construction productivity: Can we fix it? report ...

PIMCO hires former Global X sales lead

ELIZABETH FRY  |  THURSDAY, 13 FEB 2025
Kanish Chugh, former head of distribution at Global X, has scored a top sales role at PIMCO Australia. PIMCO confirmed Chugh's appointment as head of ETF sales. The hire comes eight months after he joined the asset manager as a senior vice president ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
The Australian Securities and Investments Commission (ASIC) said reviews are underway into why consumers are advised to establish an SMSF. Plans for the review were first announced in ASIC's Corporate Plan 2024-25 and the regulator has now confirmed ...