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Showing 501 - 510 of 12163 results for "May"

RBA cuts rates, experts debate next moves

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... Bassanese said he believes the next rate cut will come on Melbourne Cup Day in November, followed by further cuts in February and May 2026. Meanwhile, Schroders head of fixed income Kellie Wood said the central bank's statements were more dovish than ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... respect of claims regarding the FirstWrap Pooled Cash Account. CBA said the court has ordered that mediation take place by 8 May 2026 and the matter is listed for a trial commencing 9 November 2026. CBA, CFSIL and AIL deny the allegations and CBA said ...

ETF Shares awards fund administration mandate

MATTHEW WAI  |  TUESDAY, 12 AUG 2025
... (BEST), ETFS US Technology ETF (WWW) and ETFS Magnificent 7+ ETF (HUGE) crossing $25 million within 12 weeks of launch." In May, ETF Shares became Australia's first new index ETF issuer in more than a decade, entering the market with three ETFs on Cboe. ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... concurrently. Steele will be eligible for parole after having served a period of 20 months' imprisonment. ASIC said between May 2016 and February 2017, Steele persuaded 14 investors to withdraw more than $1.3 million from their superannuation and other ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... of which is in 401(k) plans. The executive order comes as Trump attempts to make the US the crypto capital of the world. In May, the administration rescinded Department of Labor guidance issued in 2022 by the Biden administration urging plan fiduciaries ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... from the MDR within their ABPs." "However, it is assumed all funds would be offering more than the legislated MDR so there may not be value in such a simple indicator," the paper reads. "A more comprehensive approach could ask funds about the nature ...

Top Australian CIOs revealed

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... strategies of seven public asset funds which manages a total of over $305 billion. At its latest portfolio update released in May, the Future Fund reported investment returns of 7.9% for the 12 months to March, exceeding its mandate target and added ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... administration fees. George said AMP "will continue to fight that hard", noting it returns to court in October. These costs may well increase, with Shine Lawyers having filed another class action in relation to excessive insurance fees in early July. ...

SQM sheds light on Shield Master Fund, First Guardian ratings

MATTHEW WAI  |  WEDNESDAY, 6 AUG 2025
... classification under our methodology, but they were at the lower end of that scale," Christopher explained. "Ratings in this range may reflect characteristics such as limited operating history or areas of governance requiring monitoring. It's also ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... is now under MUFG, was the fund manager of the WEIF. The value of the WEIF fell from a high of £10.1 billion ($20.7m) in May 2017 to just £3.6 billion ($7.4bn) in the run-up to its suspension. The FCA concluded that between July 2018 and June 2019 ...