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Showing 771 - 780 of 14039 results for "Down"

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ...

Shifting retirement intentions require super rule change: ASFA

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... chief executive Mary Delahunty said this presents a problem when it comes to accessing savings and the rules around drawing down on super need to be changed in recognition of changing social attitudes to retirement. "The rules around superannuation need ...

US better positioned to deliver strong returns: UniSuper

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... reality with China is that it finds itself in a real slump. It's fighting deflation, property prices and construction are down around 30-40%, and that is GFC proportions." Pearce said it took a lot for other nations to work their way back up after ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... group's ability to manage client capital." The charge forms part of the Korean Financial Services Commission (FSC) cracking down on short-selling practices following a market-wide review, with indictments being issued against global investment banks. ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... as a work 'perk', but they do not have to. ACTU assistant secretary Joseph Mitchell said this should send shivers down the spines of Aussies. "In this speech, Angus Taylor has let the cat out of the bag that they don't believe in every worker ...

Harvard endowment delivers 9.6% return, hits $53.2bn

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
Harvard University's endowment has delivered a 9.6% return for the fiscal year ending September 30, bringing its total value to $53.2 billion. The endowment, which targets an 8% annual return, has achieved an annual return of 9.3% over the seven years ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
... annual rate of -6.1%. Food price inflation was up at 2.4%. Goods inflation was subdued at 0.4%, while services inflation was down to 3.9%. The Governing Council said it is determined to ensure that inflation returns to its 2% medium-term target in a ...

Australia's retirement system slides down rankings

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
Australia no longer has the top ranking retirement system in Asia Pacific and has also slid down the ranks globally, with experts saying it's the result of a lack of focus. According to the 16 th annual Mercer CFA Institute Global Pension Index ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... Bibby, and Ronni Chalmers. Michael Baragwanath was named acting managing director after chief executive Annick Donat stepped down in July. The last financial year was another "challenging period" for Clime, reporting a statutory loss of $3.8 million. ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... change for the better, presenting convincing evidence for one explanation for differences in countries' prosperity - it comes down to the societal institutions that were introduced during colonisation. Where inclusive political and economic systems were ...