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Showing 611 - 620 of 12165 results for "May"

ECB drops interest rates by 0.25%

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... likely to stabilise and move closer towards the ECB's 2% target as wage pressures continue to ease," Shah said. In early May, the Bank of England (BOE) lowered its key interest rate by 0.25 percentage points to 4.25% on the back of progress on disinflation ...

AIOFP, FAAA encouraged by first meeting with Mulino

KARREN VERGARA  |  FRIDAY, 6 JUN 2025
... AIOFP executive director Peter Johnston said: "We were all impressed with the Minister's knowledge of our profession, you may recall he was Minister Shorten's adviser with FoFA leading into the 2013 Federal Election. I think the Minister is the ...

ETF Shares to bolster sales team

ELIZABETH FRY  |  THURSDAY, 5 JUN 2025
... from the ground up." ETF Shares - the first new index ETF issuer to launch in Australia in over a decade - began trading in May and has already accumulated $20 million in assets under management Despite the market growing at a 30% CAGR, it remains highly ...

Private credit market has lenders sweating

ANDREW MCKEAN  |  THURSDAY, 5 JUN 2025
... navigating distressed situations," Morningstar said. "For example, in cases where borrowers face financial difficulty, managers may restructure loans, take equity positions in a business, and implement turnarounds to recover capital." It also said that ...

Aged care reforms pushed to November

JAMIE WILLIAMSON  |  THURSDAY, 5 JUN 2025
... recent webinar on the topic. Challenger's head of technical services Andrew Lowe recently told Financial Standard that in May more than 40% of all calls to its technical team were related to these reforms. The changes mean those entering aged care must ...

HESTA turns the lights back on after service shutdown

ANDREW MCKEAN  |  WEDNESDAY, 4 JUN 2025
... investment options. However, although online services have resumed, HESTA advised that processing times for some transactions may initially take longer than usual. That's because its team is still working through requests received during the limited ...

Global stock markets rally, but Trump's next post could flip the script

ANDREW MCKEAN  |  TUESDAY, 3 JUN 2025
Global stock markets roared back in May, staging a spectacular turnaround from the extreme volatility and negative returns that rattled most developed equity markets in April. But uncertainty still looms large. UniSuper head of fixed interest David ...

Touchstone closes flagship fund

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... closed its flagship Australian equity fund nearly a decade after it launched. The Touchstone Index Unaware Fund shuttered in May, having been in operation since 4 April 2016. The fund aimed to outperform the return of the S&P/ASX 300 Accumulation Index ...

ASIC alleges Choosi flogged Hannover life insurance products

KARREN VERGARA  |  TUESDAY, 3 JUN 2025
... they were making a sensible decision by comparing policies; however, they were denied genuine choice," she said. "Consumers may have been encouraged to buy a funeral or life insurance policy when a cheaper or more suitable policy might have been available ...

Retirement confidence highest since 2020: SSGA

MATTHEW WAI  |  TUESDAY, 3 JUN 2025
... financially prepared for retirement by their planned retirement age (66), a notable increase from 24% in August 2023 and 22% in May 2020. The survey identified the top three factors behind the increased confidence: 43% cited little to no short-term debt ...