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Showing 21 - 30 of 37843 results for "Australia"

Raiding super can worsen housing affordability: Research

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... and would potentially lead to higher property prices, a new analysis from the Association of Superannuation Funds of Australia (ASFA) shows. The association said that "raiding" retirement savings to enter the property market would exacerbate the current ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... Islamic superannuation fund which invests in a Sharia-compliant way. Islam said members of the Islamic community in Australia overwhelmingly preferred to invest in property over any other asset class because of its physical nature and history of steadily ...

Australia's wealthiest women not getting the advice they need

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The number of high-net-worth (HNW) women seeking increased engagement with financial services is growing in Australia, according to new research. JBWere and CoreData research found Australian woman are more highly educated, entrepreneurial and participating ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
ANZ announced it reached an agreement to settle a class action brought against it by Phi Finney McDonald in 2021. The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... return CPI+4% p.a. over rolling 10-year periods after investment and transaction costs. AvSuper and ART both use AIA Australia - yet fees the insurer charges differ for the funds. AvSuper warned that members "may pay more for insurance cover in ART". ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Superannuation funds will be focused on ongoing merger activity and strengthening retirement strategies and product solutions in the next few years, according to Deloitte's Dynamics of the Australian Superannuation System report. The report forecasted ...

Australian Ethical eyes small caps as play for advisers

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Last year, global equities significantly outperformed Australian equities, largely driven by the remarkable performance of the world's largest technology companies - dubbed the Magnificent Seven. However, Australian Ethical points to stretched valuations ...

Funds SA asset allocation head to depart

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
Funds SA, the $42 billion public sector investment manager, has confirmed its asset allocation lead will leave the fund next month and take a short career break. Brendan Hallett said he wants to return to the east coast and and look for opportunities ...

Former Schroders chief joins private markets firm

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
A former Schroders Australia chief executive has landed at Spire Capital. Spire Capital - which has invested $2.25 billion on behalf of Australian mid-market investors - said the appointment of Sam Hallinan as a partner and shareholder comes at a time ...

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
Australian Securities and Investments Commission (ASIC) chair Joe Longo has had enough of company directors complaining about keeping up with their obligations. In a speech to the Australian Institute of Company Directors (AICD) Australian Governance ...