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Showing 811 - 820 of 12178 results for "May"

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... and low-skilled workforces," the report read. "There are also concerns that AI and automated decision making (ADM) systems may affect people seeking entry-level roles. It is imperative that young workers access fundamental education and training about ...

Jones flags drafting of Tranche 2 legislation

KARREN VERGARA  |  TUESDAY, 11 FEB 2025
... government's response goes beyond the Joint Associations Working Group (JAWG) proposals and there are concerns about changes that may adversely impact the existing universities offering financial advice education. "It will be important to confirm that ...

Execs face shareholder backlash over pay: Georgeson

ROSE MARY PETRASS  |  TUESDAY, 11 FEB 2025
... between 20% and 24.99%. "Remuneration strikes do not always solely reflect shareholder unhappiness with executive pay: they may also reflect dissatisfaction with a company's governance, culture, conduct or financial performance," Paul Murphy, Georgeson ...

Convicted adviser banned over $2m theft

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... 2021. Over the years, he was licensed through Genesys Wealth Advisers; Magnitude Group; and Australian Finance Group. On 14 May 2024, King was convicted of two counts of fraud under s708c of the Queensland Criminal Code and was sentenced to five and ...

Chalmers 'managing pressures' to shore up economy

ELIZA BAVIN  |  FRIDAY, 7 FEB 2025
... Chalmers said Australia has faced three major economic shocks over the past 15 years but is well-placed to withstand whatever may come from the current global uncertainty. "All this is shaped by a pronounced slowdown in China, a new administration in ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... from the date a claim was received. At the time, the fund said it was also reviewing a smaller group of beneficiaries who may have also been affected. AustralianSuper chief member officer Rose Kerlin said the fund would contact impacted beneficiaries ...

Fixed income drives managed fund surge

ROSE MARY PETRASS  |  THURSDAY, 6 FEB 2025
... the $13.8 billion that went into North American equities, $9.8 billion went into active equity funds. US investor sentiment may be returning to active equity funds, but investors are wary of the extreme concentration of the stock market, Calastone said. ...

Magellan Financial Group 'redemption risks heightened'

ANDREW MCKEAN  |  WEDNESDAY, 5 FEB 2025
... redemptions, given it could take time for investors to gain confidence in the new team. "While Stack's brand reputation may not hold the same weight for Magellan as Hamish Douglass once did, the reliance on predominantly less-sticky institutional ...

Future Fund reaches value of $237.9bn

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
... Future Fund to require the board to have regard to national priorities. The government has also deferred the date at which it may draw on the Future Fund from 2026-27 until at least 2032-33. "This provides the foundation for the Future Fund to become ...

Trump orders creation of US sovereign wealth fund

ANDREW MCKEAN  |  TUESDAY, 4 FEB 2025
US President Donald Trump has signed an executive order calling for the creation of a sovereign wealth fund. The executive order directs US secretary of the treasury Scott Bessent, who was sworn in last week by Supreme Court Justice Brett Kavanaugh ...