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Showing 701 - 710 of 9371 results for "Fee"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

SG Hiscock, Ruffer shutter funds

KARREN VERGARA  |  THURSDAY, 13 FEB 2025
Two funds managed by SG Hiscock (SGH) and Ruffer have closed due to lack of investor interest. The SGH Ex-20 Australian Equities Fund was terminated on February 3 for failing to reach its required scale and retain and attract the desired number of investors. ...

Local family office backs new venture to invest in climate tech

ANDREW MCKEAN  |  WEDNESDAY, 12 FEB 2025
The family office of Daniel Besen has become an anchor investor in new venture capital firm Climate Tech Partners, investing in "innovative software and hardware companies" accelerating decarbonisation. Climate Tech Partners was founded by Patrick Sieb ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
Financial services employees worry their jobs are being increasingly upended by artificial intelligence (AI), as an inquiry asks the government to urgently balance technological advancements and potential job displacements. The Future of Work report ...

Bravura delivers profit, pays special dividend

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2025
... Fidelity International entered into an agreement to use and develop Bravura's Sonata software, paying a one-off licence fee of £29 million. The agreement means Fidelity will have a perpetual, non-exclusive, non-transferable, non-sublicensable licence ...

Trump tariffs to hit Australia

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
US President Donald Trump is set to announce 25% tariffs on all steel and aluminium imports, which will apply to all countries, including Australia. AMP chief economist Shane Oliver told Financial Standard that while Australia exports about $808 million ...

Almost half of HESTA members retire involuntarily

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
Almost half (47%) of HESTA members retire involuntarily, according to new research commissioned by the super fund. The research - prepared by Evolved Thinking - surveyed more than 1800 pre-retirement health, aged care and community services (HACS) workers ...

Hamilton Lane closes venture fund at $615m

MATTHEW WAI  |  FRIDAY, 7 FEB 2025
... returns. The fund aims to mitigate the 'J-curve' through primary and secondary transactions, providing limited partners with a fee-efficient venture capital solution, Hamilton Lane said. It represents an "evolution" of its venture and growth equity platform ...

Insignia exec appointed local chief of MUFG Retirement Solutions

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
A former Insignia Financial exec has taken up a leadership role at MUFG Retirement Solutions following the retirement of chief executive Dee McGrath. The firm appointed Frank Lombardo to a newly created role of chief executive for its Australia and ...