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Showing 451 - 460 of 4042 results for "Savings"

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... of Bell Potter Securities clients to a third-party platform's clearing system, resulting in over $2 million in annual savings. Funds under advice grew at an 8.1% compound annual rate over the past five years, to be $80.5 billion. The company announced ...

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
... team. This is further evidence of the benefits of the merger to ART members and I know our members and their retirement savings are in safe and talented hands." The high-profile Lo is responsible for balance sheet management, which includes securities ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... lives and investment needs. That's why we offer investment options designed to cater for a wide range of retirement savings goals, risk appetites, investing styles and timeframes," the fund said. "On 1 October 2024, we're expanding our investment ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... turnaround from the $280.7 million loss in FY23. Its aggressive transformation strategy has resulted in $42 million of cost savings or $67 million annualised and realised in FY25. Bravura made "good progress on resetting the business, right sizing our ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... integrity, diligence, and judgement." The additional conditions imposed on the two industry funds, which manage the retirement savings of nearly one million Australians, will also have independent expert scrutinise their expenditure practices, assessing ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... significant underinsurance challenges due to lower home ownership rates and pivoting towards accumulated superannuation savings for retirement. Meanwhile, workers aged 35-54 are more likely to hold a life insurance product. Australians approaching retirement ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... directors. "Our members can be reassured that the fund's focus on protecting and growing their hard-fought for retirement savings is unwavering," the Cbus spokesperson said. Nevertheless, Liberal senator Andrew Bragg contends that the $85 billion ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
Commonwealth Bank (CBA) has warned that the extraordinary amount of savings Australians amassed during the pandemic will run dry by the end of the year. CBA said Australians had accrued around $300 billion in additional savings during the period, as ...

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... this year, which he said will automatically result in young people retiring with more than $20,000 in additional super savings.