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Showing 781 - 790 of 5002 results for "CAM"

Rest simplifies super splitting

ELIZABETH MCARTHUR  |  THURSDAY, 21 APR 2022
Industry fund Rest has adopted a new super splitting method, aimed at making the distribution of superannuation assets simpler for members. Rest's Super Split initiative allows super assets to be split when a member becomes divorced. It includes a new ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
In line with heightened public attention to the challenges of climate change, patterns of ESG disclosure by superannuation fund trustees have had to evolve. A Herbert Smith Freehills report claimed Australian superannuation fund members were more interested ...

CBA dismisses rumours of crypto tie-up

CHLOE WALKER  |  WEDNESDAY, 20 APR 2022
Commonwealth Bank of Australia is denouncing claims of a partnership with a cryptocurrency trading platform that came from an alleged false news article. The article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news ...

RBA eyes an early rate hike

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
Reserve Bank of Australia (RBA) minutes for April have strongly suggested that inflationary and wage growth developments have brought forward the likely timing of the first interest rate increase. Interest rates in Australia haven't been raised since ...

Heritage Bank, People's Choice proceed with merger plans

CHLOE WALKER  |  TUESDAY, 19 APR 2022
The banks are moving forward with plans to merge following a rigorous due diligence process. The merger between Heritage Bank and People's Choice Credit Union is set to create an organisation with about 720,000 members and $22.5 billion in total assets. ...

Vale Tom McDonald

ELIZABETH MCARTHUR  |  TUESDAY, 19 APR 2022
Cbus has honoured a figure central to its creation, and the creation of superannuation in general, Tom McDonald. Cbus chair Wayne Swan said McDonald leaves a unique legacy of nation changing economic reform. "Tom's leadership was key to the creation ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
J.P. Morgan posted a US$8.3 billion net income, a 42% year-on-year drop which missed analyst expectations. The poor result was attributed to a net credit reserve build of $US902 million compared to a net credit reserve release of US$5.2 billion in the ...

We're paying 30% more: Cboe

ELIZABETH MCARTHUR  |  THURSDAY, 14 APR 2022
As Australia's disruptor stock exchange, formerly known as Chi-X, expands its team under Cboe's ownership, hiring in an extremely tight jobs market remains the largest challenge. Chi-X had 33 staff in its Sydney office when Cboe took over the ...

Tattarang invests in plastic-free fabric

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
The Forrest family's investment firm Tattarang has pumped $26.8 million into next generation fabric technology. The investment was made as part of a Series B capital raise by US-based material innovator Natural Fiber Welding (NFW). NFW creates low carbon ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
After questioning from Senator Andrew Bragg at Senate estimates, prudential regulator APRA shared it has done some preliminary investigations about payments to unions. Bragg has claimed that superannuation which should be for workers has turned into ...