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Showing 741 - 750 of 5155 results for "Rest"

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
For the first time under a Labor government, Fitch has handed down a AAA rating to the May budget. In a statement, Fitch applauded the government for its spending restraint and said the nation's public finances had outperformed expectations. "The commitment ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A Western Asset product specialist says rising credit default swap (CDS) spreads have sparked concerns. However, he downplayed the risk of a US default, calling it a "very low probability event". Robert Abad recalled the sole instance of a "technical" ...

PensionDanmark selects future chief executive

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2023
... Mørch the time to get a wide insight into PensionDanmark while the operation is in the safe hands of Claus Stampe and the rest of the management team. Claus Stampe has 20 years of experience from the management team and has been in the financial sector ...

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Former Courtenay House Investments contractor and promoter Athan Papoulias has been sentenced to two years' jail time for his role in the unlicensed financial services business. As part of his sentence, Papoulias will also complete 120 hours of community ...

Rest to sell Endeavour stake

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Rest will divest its 12.6% interest in Endeavour Energy to a fund managed by Macquarie Asset Management (Macquarie), already an investor in the company. The industry super fund acquired its stake in Endeavour Energy in 2017, when the NSW government ...

NZ Super Fund chief executive resigns

CHLOE WALKER  |  WEDNESDAY, 3 MAY 2023
... performance, his commitment to our people and his commitment to sustainable investment. He will be sorely missed." For the rest of his tenure, Whineray will work alongside the board to lead several programs which aim to set the Guardians up for a new ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... payments have become automated, requiring no extra manual effort. Highlighting the positive impact on super fund members, Rest chief executive Vicki Doyle said the government's decision to pay super with wages makes the superannuation industry fairer ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... the two super funds. Last month, ART's divisional risk manager of investments Kate Griffin left the risk team to join Rest. Around the same time, the fund made a major leadership change. Damian Lillicrap, ART's head of strategy for the QSuper ...

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... Traditional Owners sent human rights complaints to Australia's largest superannuation funds, including AustralianSuper, Rest, and Hostplus. The complaints highlighted the projects "serious" human rights on Indigenous communities, including risks ...