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Showing 621 - 630 of 4509 results for "Cover"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
The US Federal Reserve has raised interest rates by a quarter of a percentage point, taking rates to a 22-year high. Overnight, the Fed announced rates would rise to a range of 5.25% to 5.5% to continue its fight against inflation. Fed chair Jerome ...

AAC at centre of billionaire insider trading scheme

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
The British billionaire owner of Tottenham Hotspur and majority shareholder of Australian Agricultural Co, Joe Lewis, has been criminally charged in New York for orchestrating a "brazen insider trading scheme." Lewis, founder of investment firm Tavistock ...

Aware Super, Challenger partner for DB solution

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... Challenger's Index Plus strategy, in what is said to be the largest annuity buy-in to date in Australia. The policy is to cover 3000 members living in Victoria, with Aware Super chief investment officer Damian Graham saying reducing the risk of future ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... said a super profit tax levied solely on mining projects could fully fund the $93 billion gap in social housing by 2033 and cover 12% of the affordable housing gap. The same tax applied to those with revenues greater than $100 million would raise an ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund. This is the second time the market regulator has acted against Vanguard over greenwashing. ASIC has lodged civil penalty proceedings in federal court ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... Target Market Determination (TMD). The interim stop order applied to Clearview Life's ClearChoice Income Protection Cover and Accidental Income Protection Cover, which ASIC announced on July 19 it has imposed. ASIC was concerned that the TMD failed ...

IFM drops $50m on local infrastructure player

CASSANDRA BALDINI  |  FRIDAY, 21 JUL 2023
IFM Investors has backed utilities and communications provider Smart Urban Properties Australia (SUPA), making a $50 million investment. The global fund manager said it entered into a binding agreement with SUPA Group, which provides dual energy infrastructure ...

NGS Super expands leadership

ELIZABETH FRY  |  FRIDAY, 21 JUL 2023
NGS Super chief executive Natalie Previtera has expanded her leadership team by promoting three more executives to run strategy, investment operations and legal and governance. The promotions follow last week's appointments which saw chief strategy ...

Equip Super sets sights on being different

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2023
The $30 billion superannuation fund is firmly in its growth era, consolidating its multiple brands and products and unveiling a new look that it hopes will help achieve its ambitious plan of being "a different type of fund." Two years on from its official ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... its Target Market Determination (TMD). The interim stop order applies to Clearview Life's ClearChoice Income Protection Cover and Accidental Income Protection Cover. ASIC believes that the Income Protection Cover's TMD failed to consider the impact of ...