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

Search Results

Showing 451 - 460 of 5152 results for "REST"

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

Pre-retirees expect less reliance on Age Pension: Investment Trends

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
... investments. Retirees also rely on their partners' super (9%), and savings and investments (4%) for financial support. The rest is made up of rent from property (5%), equity release from the family home (9%), and other (8%). "There's a clear gap ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
The former director for Guevara Capital Access (GCA) and Online Trading Capital (OTC) has yesterday admitted he dishonestly obtained a financial advantage by deception in the Downing Centre District Court. Mark McCabe has pleaded guilty to three offences ...

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 ...

Future Fund restructures investment leadership

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
The Future Fund says it is restructuring its investment team to meet the shifting dynamics of the current environment. The investment team, led by chief investment officer Ben Samild, will have five divisions going forward: portfolio design, real assets ...

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 ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... (16) Australian Retirement Trust (22) Future Fund (25) Aware Super (37) UniSuper (58) Hostplus (80) Cbus (87) HESTA (102) Rest (103) Commonwealth Super Corporation (136) State Super (197) GESB (209) ESSSuper (234) Super SA (239) Equip Super (261) Brighter ...

Westpac names new chief executive

MATTHEW WAI  |  MONDAY, 9 SEP 2024
The Westpac board has promoted Anthony Miller to managing director and chief executive for the group, effective December 16. He will succeed Peter King, who is retiring after a five-year stint as chief executive and a total of three decades at the bank. ...

RBA lays down the law on interest rates

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has doubled down on keeping interest rates on hold for the remainder of this year, despite market expectations for a cut before Christmas. Speaking at the Anika Foundation Fundraising Lunch, Bullock ...

Rest hires two general managers

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... has added two general managers to its leadership, one to look after strategy and the other to oversee data and insights. Rest said the appointments were made with its strategy to simplify the super experience in mind. As general manager, strategy Kareene ...