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Showing 791 - 800 of 5868 results for "July"

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia is still very high despite a decline in prior ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... disruptions. According to QMV legal, the key changes in CPS 230 from the previous draft include a commencement date of 1 July 2025, a transitional deadline of 1 July 2026 for existing contractual arrangements, and increased flexibility for entities to ...

TelstraSuper MySuper delivers 9.34%

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... remaining alert to both opportunities and risks as they emerge," he said. The fund introduced changes to some options from 1 July 2023. Accumulation members saw the Defensive Growth and Diversified Income options merge into a new option called Moderate. ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... super funds dragging their feet in implementing the covenant, but there is also a lack of quality in what is on offer. From 1 July 2022, trustees were forced to develop a retirement income strategy to improve long-term outcomes for their members in or ...

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
... to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 and June 2020. The class action - brought by Slater and Gordon - alleged that CFS did not act in thousands of customers' ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... At the end of May, CBA told staff that they would be required to work from the office at least 50% of the time, effective July 17. The edict was handed down without consulting workers, the FSU said, which goes against the Enterprise Agreement in place. ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... seed investments," it explained. Platinum's share price started to decline earlier in the month, falling from $1.71 on July 5 to $1.60 at the time of writing. Meanwhile, Pinnacle Investment Management reported performance fees of $54.8 million for ...

Sequoia expands professional services arm

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... businesses were procured on an attractive PE multiple and said the target completion date of the transaction is the end of July. The purchase consideration of up to $3.15 million is payable in cash and shares over a period of two years post completion. ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... Jim Chalmers said a government consultation had opened and Lowes' possible reappointment would be decided by the end of July. When weighing who should be selected for the top job, Chalmers said there are a range of factors to consider. "There are ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... address weaknesses," she said. The FCA issued the warning as the UK ushers in the Consumer Duty, which comes into force on July 31. The mandate for all firms the FCA regulates is to essentially act to deliver good outcomes for retail customers; act in ...