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Showing 581 - 590 of 4662 results for "DOL"

LGIAsuper alters asset allocations

KARREN VERGARA  |  TUESDAY, 10 NOV 2020
The $13 billion superannuation fund has made changes to its investment strategy, which included reducing exposure to property and global shares and introducing a new asset class. As of November 1, LGIAsuper reduced its exposure to property, traditional ...

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
Pendal reported $116.4 million or 25% lower net profit after tax in the year ending September, even as inflows started to pick up in the last three months. The figure includes its seed investments' movements which were marked-to-market. If it weren't ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
Superannuation funds' shift to low-cost exchange-traded products is potentially at the detriment of startups and the potential upside for the local economy. This is according to Stoic Venture Capital partner Geoff Waring, who said local startups ...

RBA cuts rate to new historic low

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
The Reserve Bank of Australia (RBA) has announced another rate cut, bringing the cash rate down to 0.10% for the first time in history. Not only that, but RBA governor Philip Lowe announced a ramp up of quantitative easing measures, bringing in a new ...

RBA, CBA, NAB partner for wholesale currency

ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
The Reserve Bank of Australia has announced a partnership with a consortium of financial institutions and a blockchain technology company to develop a wholesale central bank digital currency (CBDC) using distributed ledger technology (DLT) for settlement. ...

Rest climate case dismissed

ELIZABETH MCARTHUR  |  MONDAY, 2 NOV 2020
The Federal Court case brought by Mark McVeigh against the $57 billion industry super fund has been dismissed. The case was scheduled to be heard today but Justice Perram ordered that by consent the case was to be dismissed. McVeigh and Rest have been ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
A government agency has botched superannuation benefit payments spanning a decade, affecting more than 56,000 employees who are owed tens and millions of dollars. The Northern Territory government owes about $39.5 million in superannuation contributions ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
The corporate regulator is stepping in to prevent retail investors losing millions of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1 ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Industry Super Australia (ISA) has called for the stage two tax cuts to be matched by a change to the Low-Income Superannuation Tax Offset (LISTO) to help boost the retirement savings of women. ISA said this move could help add tens of thousands of ...