Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 431 - 440 of 10302 results for "STI"

Group insurance premiums paid by super funds up 7%

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
Group insurance premiums paid through APRA-regulated superannuation funds rose by 7% in 2023-24, taking total premiums up to $9.5 billion, according to Rainmaker Information. Meanwhile, group insurance claims paid rose 16% in 2023-24 to a record $5.8 ...

Super spending calls BFID compliance into question

JAMIE WILLIAMSON  |  TUESDAY, 24 JUN 2025
There is still much room for improvement when it comes to super funds' expenditure management practices, with APRA finding some RSEs caring more about competing with peers than members' best financial interests, others not having revisited historic ...

Life insurer chief executives step down, successor named

MATTHEW WAI  |  TUESDAY, 24 JUN 2025
Acenda Group is set to welcome a group chief executive, as Kent Griffin and Tim Tez announce their departures. Former Westpac executive Chris de Bruin has been appointed chief executive of Acenda Group, subject to regulatory approvals of the merger ...

Super a 'taxpayer subsidised inheritance scheme': Grattan

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
Grattan Institute housing and economic security program director Brendan Coates has slammed the government's superannuation tax concessions, reinforcing his view that the super system is no longer being used to fund retirements. "The concessions available ...

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
As more Australians drain their superannuation to pay for medical procedures, Slater and Gordon Lawyers is warning members to think twice about doing so after a Perth dentist left patients in limbo. Slater and Gordon Lawyers medical law practice leader ...

AFCA urges adviser clarity on SMSF wholesale investor test

KARREN VERGARA  |  MONDAY, 23 JUN 2025
The Australian Financial Complaints Authority (AFCA) is urging financial advisers to gain clarity and better understanding on whether the wholesale investor test applies when advising SMSFs. Even if SMSF trustees have extensive investment experience ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
Global markets are preparing for potential fallout after the US conducted strikes with B-2 Stealth Bombers on three Iranian nuclear sites over the weekend and has since claimed the attacks "obliterated" Iran's nuclear capabilities. IG market analyst ...

Perennial Partners buys Melior stake

MATTHEW WAI  |  MONDAY, 23 JUN 2025
Perennial Partners is buying a majority stake in Melior Investment Management and will take over management of its flagship impact fund. Under the agreement, the Melior brand will transition to Perennial, and the Melior investment team will increase ...

Resilient job market reduces rate cut probability: Experts

MATTHEW WAI  |  FRIDAY, 20 JUN 2025
While the Australian unemployment rate remained unchanged, experts are becoming less optimistic we'll see many more rate cuts this year. The Australian labour market remained robust in May, with the unemployment rate sitting at 4.1%, Australian Bureau ...

En garde: New fund eyes Vanguard, Betashares' turf

ANDREW MCKEAN  |  THURSDAY, 19 JUN 2025
Vanguard, Betashares, and BlackRock have an iron grip over the ETF industry, commanding the lion's share of funds under management (FUM) - thanks largely to their flagship core, low-cost equity exposures. However, Financial Standard understands that ...