Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 671 - 680 of 4771 results for "Reserve"

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... several super funds applied to the courts seeking permission to charge members a new fee that builds a financial contingency reserve. Cbus recently made a request to the Supreme Court to allow it to change its rules and create a pool that pays for future ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... meaning improvements need to be made. Some of the issues identified include RSE licensees not being sure of appropriate reserve target amounts and a lack of clearly articulated processes for periodic reviews or reserve management. With the need for funds ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... rising prices at bay. Some central banks have already raised interest rates, others "tapered" their bond purchases, and the Reserve Bank of Australia (RBA) ditched its target to keep the April 2024 Australian government bond yield at 10 basis points ...

Sequoia buys general insurance book

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
The ASX-listed wealth group is expanding its offering, obtaining a new general insurance AFSL and acquiring the customer book of a brokerage firm. Sequoia Financial Group has acquired the customer book of Tag Insurance Brokers, its associated business ...

Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
Did the Reserve Bank of Australia (RBA) jump or was pushed by the bond market to scrap its target to keep the April 2024 Australian government bond yield at 10 basis points. The answer to this question becomes important because it would dictate future ...

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
... of the Australian Prudential Regulation Authority and the input of relevant experts from across the CFR, including the Reserve Bank of Australia." The first reports from super funds are due by 31 March 2022, with funds to disclose their holdings every ...

The challenge of retirement income

ANNABELLE DICKSON  |  FRIDAY, 12 NOV 2021
The industry is often presented with the age-old question of how retirees can maintain access to savings and invest to receive regular and predictable income that keeps pace with inflation and without eroding capital. Magellan Asset Management head ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... spokesperson for the fund said. "The legislation disproportionately impacts industry funds which may need to fund a separate reserve of trustee capital to meet any potential fines or penalties issued by regulators." The spokesperson clarified that it ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
... measured inflation across the globe has had financial markets bring forward rate hike expectations, and for good reasons. The Reserve Bank of New Zealand (RBNZ) started proceedings at its 6 October meeting when it doubled the official cash rate from ...

Goldman Sachs promotes five in ANZ

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... for Australia and New Zealand and has been in that role for more than 14 years. He was previously an economist at the Reserve Bank of Australia and NSW Treasury. Chong is head of industrials for Australia and New Zealand and has been with the firm for ...