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Showing 621 - 630 of 10666 results for "May 2015"

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
The 25 largest state and local pension investment funds in the US have lost an estimated US$249 billion in public equities, according to the Equable Institute. The institute, which is a bipartisan nonprofit, said most of the damage occurred over the ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
The corporate regulator plans to introduce two interactive dashboards that would track firm-level reportable situations and internal dispute resolution (IDR) data to push financial firms to lift their game. ASIC is consulting on plans to publish dashboards ...

Trump backflips on tariffs but risks remain

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
US President Donald Trump has agreed to a pause in the reciprocal tariffs imposed on all nations, bar China, in excess of 10% for 90 days to encourage nations to go to the negotiating table. However, China saw tariffs increased to 125%, which will drive ...

NAB forecasts 50bp rate cut in May

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
NAB chief economist Sally Auld said the Reserve Bank of Australia (RBA) may deliver a 50bps interest rate cut when it meets again in May. Auld said headwinds from the global environment have intensified, but conceded large amounts of uncertainty remain. ...

'Crises happen': Investors reminded to stay calm

ELIZA BAVIN  |  WEDNESDAY, 9 APR 2025
As the stock market correction remains in full swing as a result of US President Donald Trump's sweeping tariffs, Australians are being reminded to stay calm. Schroders head of strategic research Duncan Lamont said despite the market mayhem, a market ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
Three AFS licensees - Australian Advice Network, IA Advice, and Sherrin Partners Services - have copped infringement notices from ASIC after their financial advisers provided personal advice while unregistered. Each licensee paid a $31,300 penalty in ...

GQG rejigs allocations amid tariff pain

KARREN VERGARA  |  WEDNESDAY, 9 APR 2025
GQG has slashed its consumer discretionary and information technology holdings as it repositions for the "extraordinary market volatility" after US tariffs were rolled out last week. GQG said it continues to reposition portfolios with "the aim of achieving ...

Breaches continue as Cbus confirms 'unusual behaviour'

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
Cbus has confirmed it has reported to APRA an "unusually high spike in log-in attempts", impacting around 85 member accounts, which occurred several days after the cyber-attack that impacted other super funds. "At this stage of our inquiries, there ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
Treasury admits that escalating trade hostilities and risks to the economy are "more significant than expected" as it releases its Pre-election Economic and Fiscal Outlook (PEFO). While the government's Budget figures have not changed since they were ...

Which fund managers are making the most from investor fees?

ANDREW MCKEAN  |  TUESDAY, 8 APR 2025
Data analysis reveals the Australian fund managers that generated the most fees last year. The rankings were derived from an analysis of Morningstar's database of fund managers, with annual fee revenue determined by a fund's size multiplied by the Total ...