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Showing 21 - 30 of 5781 results for "Money"

Chalmers unveils new superannuation reforms

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... innovation in retirement product design. "These changes will allow funds to offer product features that members want, such as money bank guarantees and installment payments instead of an upfront lump sum. This will give members more options that meet ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... really sending a signal to that sector to say, 'your members have rights and entitlements, you're holding their money, and there is an obligation on you to provide those services promptly, fairly, and efficiently'," Court said. She went on ...

Second bidder enters SelfWealth takeover talks

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... regulator found it failed to comply with certain financial services laws. The breaches included failing to comply with client money reporting rules, lodge financial statements on time, abide by ASIC derivative transaction rules, and lodge product disclosure ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... mirrored Delahunty's remarks, acknowledging that at time the system has fallen short of expectations. "Super is Australians money for retirement and they deserve the highest standard of service. That has been made clear by regulators," Schubert said. ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... (£80bn) will be unlocked to invest in infrastructure and other businesses for the future, Reeves said. It will also free up money for local public services over the long-term, enabling about $39 billion (£20bn) to be invested in local communities ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... certainly expect that the super funds, because they are the most privileged organisations in Australia, they receive all this money on behalf of Australians, that they owe a great duty to the parliament to explain themselves. And so, we have asked the ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... benefit from almost $2200 in their super by the time they are 18 years old - meaning they will have $10,000 more (in today's money) by the time they retire. Although some employers voluntarily pay SG contributions to young workers, SMC said the "discriminatory ...

New PGIM chief executive named

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... in 2011." "His contributions and commitment to culture have also led to PGIM being recognised as a Best Place to Work in Money Management by Pensions & Investments for several years. We are grateful to David for his 13 years of service to PGIM. He leaves ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... members have been significantly inconvenienced. ESSSuper has suffered loss and damage as it has been forced to spend time and money, and engage third parties, to rectify the incidents and breaches caused by Iress," ESSSuper chair Joan Fitzpatrick said. ...

RBA seeks input on CBDC research project

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
... bank digital currency (CBDC) research initiative, Project Acacia. The project will explore how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia, the RBA said. ...