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Showing 571 - 580 of 15537 results for "REV"

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...

Insurers' approaches reinforcing mental health stigma: Life CCC

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
The Life Insurance Code Compliance Committee (Life CCC) has found many insurers are still using blanket mental health exclusions despite being required to assess customers' individual circumstances. Releasing its report on life insurers' compliance ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
ANZ has copped a whopping $240 million fine for bank-wide "unconscionable conduct" that includes admitting it was guilty of misleading the government over the $14 billion bond scandal. The misconduct relates to five separate matters spanning the retail ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

QIC backs first-of-its-kind battery supply chain in Qld

ANGELIQUE MINAS  |  FRIDAY, 12 SEP 2025
QIC, by way of a senior secured loan facility, has invested $10 million in Vecco group on a critical minerals project. In partnership with industrial heavyweight Idemitsu Australia, the funding will progress the fully integrated mining and processing ...

Retirees unfairly targeted by tax: HESTA

ELIZA BAVIN  |  FRIDAY, 12 SEP 2025
Australians receiving the Age Pension are often subjected to higher marginal tax rates of 60% to 80%, disincentivising them from being more active in the workforce, new research from HESTA suggests. The research said in some extreme cases, these rates ...

Super SA welcomes chief executive

JAMIE WILLIAMSON  |  THURSDAY, 11 SEP 2025
Super SA recently appointed a permanent chief executive, about a year after the swift exit of Dini Soulio. Tricia Blight took over as chief executive of Super SA in July, appointed by the South Australian Department of Treasury and Finance. Blight has ...

GQG FUM rises $1bn in face of continued outflows

ELIZA BAVIN  |  THURSDAY, 11 SEP 2025
GQG has seen funds under management (FUM) rise $1 billion from $166.6 billion in July to $167.6 billion in August. This comes despite outflows of $1.8 billion during the month - of which $1.4 billion was a result of investments in US equities. In July ...

Geopolitical risks to drive infra investments: Report

ANGELIQUE MINAS  |  THURSDAY, 11 SEP 2025
The report indicates infrastructure investments have emerged as a key tool for investors to mitigate risk, with allocations expected to rise 20%. The PM700 tracks responses from over 700 senior investment professionals at an international scale and ...