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Showing 471 - 480 of 6227 results for "Money"

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Outdated super rule costs teens $10k at retirement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. ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... national debt: austerity via cutting spending and raising taxes; defaulting; or financial repression via the printing of money "to inflate the problem away". The first option is politically unpalatable and appears unlikely, Di Marco and Pullen say. "The ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... Standard, ART said: "We sincerely apologise to members impacted by the technology outage last week... Getting our members money into their accounts has been our top priority. All income payments have been processed as of Wednesday, October 30 and we ...

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... was found to have caused $6.5 million (US$4.3m) in prohibited joint transactions which advantaged an affiliated foreign money market fund of which it was the portfolio manager over three US money market funds it advised. For this it received a $7.6 million ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... close to 50 loans over a four-year period to companies that it had no reason to believe were the genuine borrower of the money. Instead, ASIC alleges, the loans were really intended for individuals but Oak Capital was eager to avoid the application of ...