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Showing 41 - 50 of 118 results for "news.com"

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The federal government has announced a $17.6 billion economic stimulus package, as it ramps up its efforts to dodge a coronavirus-sparked recession. It comes as the World Health Organisation regrades COVID-19 to a global pandemic, with 118,326 cases ...

Super fund slashes fee

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
One of Australia's largest superannuation funds has dropped its pension fee by 40%, saving members $156 per year. $48 billion industry fund Hostplus said will drop its pension fee from 1 April 2020, with the change set to reduce fees from $7.50 ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
Members of Defence Bank Super and Crescent Wealth Super have been notified their insurance premiums will increase 34%, after TAL advised it would increase premium rates. The funds informed members the changes were as a result of recent legislative changes ...

Lendlease, Canadian pension fund expand partnership

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
Lendlease and Canada Pension Plan Investment Board (CPP Investments) have announced a $155 million agreement to invest in a new building in South London. In 2018 the Australian property giant and CPP Investments committed to a $2.6 billion Build-to-Rent ...

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
HSBC announced plans to cut around 35,000 jobs from its global business after posting a 33% drop in profits in 2019. The bank said it is also planning a complete restructure of the business as it reduces its global headcount to around 200,000 employees ...

Global index creates new ESG role

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
FTSE Russell has announced a new head of sustainable investment, Asia Pacific, in a newly-created role. Helena Fung will take on the role, being responsible for FTSE Russell's sustainable investment indexes and data services across the Asia Pacific ...

AustralianSuper secures corporate mandate

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
Australia's largest super fund is the new default superannuation provider for an ASX 200 company with over 1200 employees. AustralianSuper Select is now the default fund for McMillan Shakespeare Group, effective February 1. McMillan Shakespeare ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
Global Merces Funds Management has come to an end as the financial services company is set to be wound-up. ASIC obtained orders to wind-up the Brisbane-based company on "just and equitable grounds" stating the proceedings were commenced to protect the ...

CIMIC replaces chief after $1b write-off

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
CIMIC Group announced it will move its current chief executive into a different role within the business and replace him with an internal promotion. Juan Santamaria will commence as chief executive 5 February 2020, leaving his current role within the ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...