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Showing 631 - 640 of 5505 results for "Mid"

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... FRAA was a recommendation of the Hayne Royal Commission. The legislation for the FRAA's establishment passed in parliament in mid-2021. Less that two years since its establishment, the government is cutting the FRAA's funding, in a move that will ...

New Quantum reveals Nasdaq listing plans

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... value created by the underlying technological automation," he said. ASIC's approval for the bid implementation is expected by mid-June.

Epsilon launches second Australian fund

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
Epsilon Direct Lending has launched its second corporate direct lending fund with the backing of a multi-family office. The Epsilon Direct Lending Senior Loan Fund leans into growing investor demand for Australian conservative private credit strategies. ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... product despite no directive having been given by the member as to where the money should be invested. This occurred from mid-2022 onwards, the regulator said. Under the SIS Act, trustees must direct contributions to a MySuper product where the member ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... continue to believe there to be no real commercial likelihood of any alternative transaction such as a merger with any other mid-tier bank, and why the proposed transaction with ANZ is in the best interests of our customers, shareholders, employees and ...

HNW population sees biggest decline in decade

CHLOE WALKER  |  WEDNESDAY, 7 JUN 2023
The global high-net-worth (HNW) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to $124.3 trillion, according to Capgemini's latest World Wealth Report. This drop, stated by the report, is the steepest ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... who experienced higher inflation earlier in retirement finished with a 7% lower balance than the retiree who encountered it mid-way through retirement, and almost 17% less than the retiree who didn't encounter inflation until the end of retirement. Given ...

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... Active's deputy chief executive Donna Heffernan will act as chief executive until the merger is completed, expected to be mid-2024. Commenting on the appointment, Vision Super chair Lisa Darmanin said Rowe's tenure with the fund has seen it become ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
The Securities and Exchange Commission is suing the world's largest crypto exchange and its chief executive Changpeng Zhao for allegedly lying to regulators and mishandling billions of investor dollars. Binance Holdings, BAM Trading Services, BAM Management ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon. Speaking this morning, Fair Work Commission ...