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Showing 691 - 700 of 9228 results for "Benefit"

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... AustralianSuper announced last November that it would compensate around 7000 beneficiaries with $4.2 million for death benefit claims that exceeded the fund's internal target of four months from the date a claim was received. At the time, the fund ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... encourage significant growth in new entrants to the profession, improving the supply of advice to enable more Australians to benefit from the services of a professional financial adviser," the FAAA said. "Further action is also essential to improve the ...

Cbus recruits lead for new core equities portfolio

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
... of the Australian equities market - including knowledge of key companies, sectors and economic drivers - will be a huge benefit for the Cbus investment team. After recently passing the $100 billion mark, Cbus is forecasting to grow its internal investment ...

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... by about $15,000. "The breach occurred because the relevant provider failed to take into account the client's defined benefit scheme even though income the client received from the scheme was referred to on several occasions in the Statement of Advice," ...

Future Fund reaches value of $237.9bn

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
The Future Fund has delivered an investment return of 12.2% - boosting its value to by $26 billion to $237.9 billion as of 31 December 2024. Total funds managed by Future Fund, including across its other investment funds, rose to $304.5 billion. In ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
... the world as mechanisms to amplify the financial return to a nation's assets and leverage those returns for strategic benefit and goals," according to the statement. It said the US could leverage such returns to promote fiscal sustainability, lessen ...

LGT Capital Partners brings $1.6bn PE strategy to Australia

MATTHEW WAI  |  TUESDAY, 4 FEB 2025
LGT Capital Partners is providing wholesale investors in Australia and New Zealand access to a fully funded private equity portfolio. The LGT Global Private Equity Australia fund is an Australian-domiciled high-conviction fund that invests into a globally ...

TenCap hedge fund eyes $3bn AUM

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... expectation of 3.4%. Liu said the fund invests in three key areas: sectors that have a cyclical earnings upside; companies that benefit from falling interest rates; and companies that benefit from structural growth. She added that the fund has been able ...

Resolution Life completes NZ$410m life business transaction

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... "While Asteron Life and Resolution Life will continue to operate under separate brands in New Zealand, both businesses will benefit from the combined scale, capabilities and broader reach in the local market. "We look forward to welcoming our new colleagues ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... stole or intended to defraud approximately $1.88 million from his clients between March 2010 and January 2015 for his own benefit. There is still over $800,000 unaccounted for, ASIC said. According to ASIC, the former adviser used falsified credentials ...