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Showing 391 - 400 of 4739 results for "July 23"

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
New research from the Association of Superannuation Funds of Australia (ASFA) shows that while super balances are largely growing, there's still plenty to be done to ensure positive retirement outcomes for all. ASFA's An update on superannuation account ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
Many recipients of the Age Pension will pay more for aged care under proposed reforms to how the sector is funded, with wealthier Australians to cover more of the costs they incur from July 2025. With the nation's annual aged care expenses predicted ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
The European Central Bank (ECB) dropped interest rates to 3.5%, the second time it's cut by 0.25% this year. The bank lowered rates on the back of inflation data that met its outlook. It anticipates headline inflation to average 2.5% in 2024, 2.2% in ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Coalition plans to amend paid parental leave legislation to let parents opt for a one-off cash payment instead of superannuation contributions on government-funded paid parental leave. A joint statement from deputy leader of the opposition Sussan ...

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
The chief executive and chief operating officer of Elanor Investors Group have abruptly exited as the group sells its stake in a commercial property fund in exchange for $23.9 million. Elanor Investors chief executive and managing director Glenn Willis ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
abrdn has terminated a hedge fund that achieved negative returns since inception and failed to gain investor interest. The abrdn Global Risk Mitigation Fund closed on August 30. abrdn said due to changing demand, "the fund size has become smaller over ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
Challenger has selected State Street to provide administration and custody services, saying the partnership will support several new global business initiatives. The decision will see some Artega Investment Administration staff transition to the custody ...

Former ASIC commissioner joins Insignia Trustees

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
A former ASIC commissioner will join Insignia Financial as the chair of its trustees business on September 19. Danielle Press also assumes the position of non-executive director at Insignia Financial Trustees, replacing Lindsay Smartt. Press had a five-year ...