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Showing 481 - 490 of 5863 results for "July"

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... retirement." Despite ongoing complication, Delahunty believes retirement savings will continue growing. "The increase to 11.5% in July and the upcoming rise to 12% next year, paired with strong investment returns, are game changers for super fund members. ...

Pensioners to pay more under aged care reforms

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2024
... 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 to hit $42 billion by 2026-27, the federal government is looking ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... as global demand rises." The Eurozone's labour market remains resilient, with the unemployment rate broadly unchanged in July at 6.4%. Amundi Investment Institute head of developed markets strategy research Guy Stear expects rates will be lowered again ...

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... receiving super contributions on paid parental leave or for an additional two weeks of leave, extending to 26 weeks after 1 July 2025 and 28 weeks after 1 July 2026. Alternatively, parents can opt for a one-off payment equivalent to the value of their ...

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
... effective immediately. Willis was the co-founder and chief executive of Moss Capital prior to its ASX listing as Elanor in July 2014. Before Elanor, he co-founded Grange Securities and led it as managing director and chief executive. Non-executive director ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... appointed by the court to take control of Shield's bank accounts and provide a report on Shield's financial position in July 2024. In the expanded capacity of receivers, Tracy and Palaghia are expected to: secure the property held by Keystone ...

Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... active funds register 90.6 basis points. Index funds had more than $700 billion in assets under management (AUM) at the end of July, of which $168.2 billion was invested across 243 index-tracking ETFs. Index funds captured some 86% of total ETF investor ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... from an investment management and operational perspective," abrdn told investors. The strategy had just $2.65 million as at July 31 and charged a 1.29% management fee. The fund required a minimum investment amount of $50,000. MSC Trustees was the trustee ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... O'Connor was also on the board of First Super's predecessor, Timber Industry Superannuation Scheme (TISS), from 2006. In July 2008, First Super, TISS, and Pulp and Paper Workers Superannuation Fund (PPWSF) merged to create First Super as it is ...

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... with Apollo Global Management's decision to reduce its shareholding in Challenger. Despite increasing its stake since July 2021, Apollo has now reduced its shareholding from 20.1% to 9.9%. As a result, MS&AD Insurance Group becomes Challenger's ...