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Showing 671 - 680 of 11494 results for "CAS"

MLC wary of but not opposed to bitcoin

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
MLC chief investment officer Dan Farmer said MLC is open to the possibility of investing in bitcoin in the future, but now is not the right time. "Like many institutional investors, we remain in the 'not now', rather than 'not ever' to bitcoin camp," ...

Svava makes binding offer for Selfwealth, BFG given deadline to counter

MATTHEW WAI  |  MONDAY, 24 FEB 2025
The bidding war over Selfwealth continues as Svava has officially put in a binding offer to acquire 100% of the company at 28 cents per share. The new proposal is a 12% premium to the cash consideration of the $0.25 offer from Bell Financial Group (BFG). ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...

ASFA acts to remove First Nations access issues

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
The peak industry body published a draft Guidance Note on Severe Financial Hardship Withdrawals for member consultation, marking a significant "milestone" in making it easier for First Nations people to access their superannuation. The guidance note ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
Senator Andrew Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
The Compensation Scheme of Last Resort (CSLR) levy could potentially catapult to $123 million in the 2027 financial year, new estimates from the Financial Advice Association of Australia (FAAA) shows. Following the bombshell that the 2026 CSLR levy ...

Schroders launches new active ETFs

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
Schroders Australia expanded its suite of active ETFs today, listing a global equities offering on the ASX and a credit product on Cboe. Schroders now has four active ETFs in market and plans to add further throughout the year. The products launched ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ...

Global tariffs to spike under Trump: Economist

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
Global tariffs could balloon to levels not seen since the turn of the century and result in higher inflation and interest rates, according to a top economist. Speaking at Financial Standard's Chief Economists Forum yesterday, Barrenjoey chief economist ...

RBA delivers 'cautious' cut, road ahead unclear

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2025
The Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points, bringing the official interest rate down to 4.1%. While the cut was widely expected, the RBA was quick to diffuse any hopes of a quick cutting cycle. "A range of indicators suggest ...