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Showing 661 - 670 of 4973 results for "Limit"

HESTA revamps insurance offering

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
HESTA has renewed its mandate with AIA Australia and, in doing so, made a raft of changes to its insurance offering. HESTA notified members it has renewed its insurance arrangements with AIA, extending the relationship that's been in place since 2017. ...

Ord Minnett cops $888k fine over buyback

JAMIE WILLIAMSON  |  WEDNESDAY, 3 MAY 2023
... on 1 September 2021, in the course of the buyback Ord Minnett purchased AWN Holdings shares at prices above the allowable limit under ASX Listing Rules, which was also contrary to the clients' instructions. "While the MDP considered that the contravention ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
Traditional Owners of three First Nations and superannuation fund members have filed human rights complaints against Australia's top 20 super funds over their investments in Santos Limited's proposed Barossa and Narrabri gas projects. Yesterday ...

Morningstar downgrades PIMCO, Vanguard funds

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
Morningstar has downgraded four fixed income products following its annual fund manager review. As part of the 2022/23 review, Morningstar completed qualitative assessments of 72 fixed income strategies. As a result, four products were downgraded and ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
First Republic Bank's stock price has nosedived following disastrous Q1 2023 results, marked by enormous deposit outflows and decreased revenues. First Republic's results for Q1 2023 showed a 13.4% decrease in revenues, a 19.4% decrease in net interest ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
Former financial adviser Gavin Fineff has been sentenced to nine years in prison after a court determined he defrauded 12 clients $3.36 million. Fineff, who was working as a representative for Sentinel Wealth when the crimes took place, defrauded clients ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
Australia's superannuation sector is flourishing, with APRA reporting a record-breaking $163 billion in contributions for 2021-22. This growth was driven by a 9% uptick in employer contributions and a 23% increase in member contributions. Rainmaker ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
According to an ASFA report, the government's proposed superannuation changes will improve equity by curbing tax benefits for high-income earners. The introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... impacts. "What we've done since then and what I would really like ASX companies to do across the market is not just limit this thinking to modern slavery, but use what we've learnt to think more broadly." A number of organisations have approached ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
APRA is consulting on the need for it to make individual determinations for lifecycle MySuper products for which performance histories are required to be combined for the YFYS test. Currently, the performance test involves two situations where performance ...