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Showing 821 - 830 of 9230 results for "Benefit"

US election: Global investors fear inflation boom

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
... already gargantuan US deficit will undermine the attractiveness of US bonds as a "safe haven" investment but said gold could benefit. "Such fears had driven the gold price to record highs (before last night's reversal), even as bond yields rose. I think ...

Qantas Super standardises offset account investments

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
Qantas Super is changing the way most offset accounts are treated for members in its defined benefit (DB) divisions. The corporate fund, which is set to merge with Australian Retirement Trust (ART) in the first half of 2025, will have current and new ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... affected by a merger such as suppliers, business customers in the supply chain and rivals," she said. "The changes will benefit business stakeholders by ensuring they have clarity on their obligations, the timeframes they can expect, and other key aspects ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
Macquarie Group has posted a net profit of $1.6 billion for the half year ended September 30, marking a 14% increase from the previous corresponding period. Macquarie managing director and chief executive Shemara Wikramanayake said improved performance ...

Cbus names chief strategy officer

ELIZABETH FRY  |  FRIDAY, 1 NOV 2024
Former Industry Super Australia chief Bernie Dean will permanently lead strategy and corporate affairs at the $94 billion Cbus. The industry stalwart has been appointed chief strategy officer after acting in the role since July 2024. In welcoming his ...

Future Fund delivers strong 11.9% return

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
Future Fund provided a portfolio update to September 2024, showing a strong result for the past 12 months. Future Fund's return was 11.9% for the 12 months to September 2024. Annual investment returns lifted the value of the sovereign wealth fund by ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... notably complex, with trustees given 30 days for initial resolutions, 45 days for other complaints and 90 days for death benefit distribution complaints," AFCA said. "Despite these extended timelines, 12% of cases were resolved within 30 days and 33% ...

Barings brings first Australian private credit fund to life

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... credit ratings in these regions are also similar, Barings said. By investing in these markets, it can also indirectly benefit from emerging economies like China, India and Indonesia, it said.

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... demonstrate that the spend is in the best financial interests of its members. Having strong metrics that link spending to member benefit is an effective way of doing this." Cole said it was the obligation of trustees to positively demonstrate the purpose ...