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Showing 791 - 800 of 10513 results for "SET"

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025. The new chief risk officer, Darryl Burke, was previously with Colonial First State in the same role. Burke will lead ART's risk and compliance ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
MLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
More than 10 million Australian adults are set to seek financial advice, with more than half wanting access to a more flexible offering, a new report from Investment Trends reveals. The 2024 Financial Advice Report indicates that, out of the 21 million ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... advice. "Thousands of people every week are calling their superannuation fund, asking some pretty basic questions about how they set themselves up for retirement, and the fund has got to say to them, 'I'm sorry, the law doesn't allow me to answer ...

HMC Capital makes $950m acquisition

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
HMC Capital has agreed to acquire Neoen's Victorian renewable generation and storage portfolio for $950 million. The portfolio comprises four operational assets and six development assets. HMC said the acquisition will further seed its inaugural Energy ...

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
Commonwealth Bank (CBA) has appointed Luke Yeaman as its new chief economist and head of global economic and markets research. Yeaman is currently a deputy secretary in the Department of Treasury and head of their macroeconomic group, a position he's ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... licensees used complex or restrictive definitions of an incident, while others didn't have a definition at all. Some licensees set high minimum thresholds around financial or other impacts. All these practices reduced licensees' ability to identify incidents," ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... skills would constitute them self-assessing as 'baseline', 'competent', or 'expert' in each skill set. If they believe themselves to be 'expert', they must explain why. Deloitte said the skills assessment process requires ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
Australian gross domestic product (GDP) rose 0.3% in the September quarter 2024 and by 0.8% since September 2023, according to figures released by the Australian Bureau of Statistics (ABS). "The Australian economy grew for the 12th quarter in a row ...