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Showing 581 - 590 of 5992 results for "Age"

TelstraSuper produces 9.6% MySuper return

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... assets, such as shares and property, for much of their working life, and then is designed to progressively reduce risk from age 50 onwards," he explained. Before October 2023, once a member turned 45, they were transitioned into the MySuper Balanced ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... income covenant," Cole said. "It's estimated that more than three million fund members will reach superannuation preservation age in the next decade making it critical that funds have robust and effective strategies to assist members who are approaching ...

Rest's MySuper option returns 8.67% in FY24

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... factors that will drive the markets and the global economy over the coming decades and beyond," Lill said. In recognition of the age profile of its members, Rest's board, chaired by James Merlino, has approved a higher allocation to growth assets in ...

Bendigo and Adelaide Bank appoints new chief executive

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
Bendigo and Adelaide Bank has appointed Richard Fennell as chief executive and managing director, replacing Marnie Baker. Baker has been with the bank for 35 years, mostly in executive roles. She was chief executive and managing director for six years. ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... today, ART introduced changes to its lifecycle strategy, which affects how members' money is invested according to their age. Those under 50 years old and were in the Default option, for example, will move into the High Growth option. Members will ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
KPMG specialists say disruptive technologies, particularly generative AI, and the imperative to automate, are exposing financial services executives to unprecedented vulnerabilities. In Australia, KPMG partner Matt O'Keefe noted that heightened customer ...

Greece taps BlackRock FMA to build sovereign wealth fund

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
Greece will soon launch its inaugural sovereign wealth fund called National Investment Fund with the help of BlackRock's Financial Markets Advisory. Kostis Hatzidakis, Greece's minister of national economy and finance, affirmed the country's ...

Industry Super Australia names new chair

ELIZABETH FRY  |  WEDNESDAY, 19 JUN 2024
Industry Super Australia (ISA) has welcomed a top Hostplus executive as its new chair. Hostplus chief member officer Umberto Mecchi replaces Cath Bowtell, who was the acting chair. Prior to Bowtell, Peter Collins led the board after Greg Combet stepped ...

Ageing Australians rapidly shifting retirement planning

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
New research from Allianz Retire+ has shown that Australia's ageing population is rapidly shifting its retirement planning focus to income rather than accumulation. The white paper suggested this change has seen financial advisers refining their advice ...