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Showing 821 - 830 of 4739 results for "July 1"

Sue Brake to leave Future Fund

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
Future Fund chief investment officer Sue Brake is leaving the sovereign wealth fund for family reasons. Brake has been chief investment officer of Future Fund since December 2020 but has acted in the role since July 2020. Prior to that she was deputy ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
More than 18 months after legal action was launched, Squirrel Super will pay $55,000 for claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure ...

May exam sees 43% pass rate

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
Less than half of the financial advisers who sat the exam in May have passed, results show. The May sittings represented the 17 th since the introduction of the exam and saw 496 advisers attempt it; 72.2% of which were resitting the exam for at least ...

You can't have it all: Retirement income strategies

JAMIE WILLIAMSON  |  THURSDAY, 16 JUN 2022
While greater availability of retirement income products is a positive, the three objectives of these products as set out in legislation don't necessarily reflect members needs or desires. Appearing on a panel at the Australian Institute of Superannuation ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

Allianz names new investment chief

ELIZABETH FRY  |  TUESDAY, 14 JUN 2022
Allianz Australia has appointed a new chief investment officer to replace Anthony Michael who departs the insurer next month. Allianz Australia has appointed a new investment chief to replace Anthony Michael who will quit the insurer in July after five ...

Hamish Douglass returns to Magellan

CASSANDRA BALDINI  |  THURSDAY, 9 JUN 2022
Hamish Douglass is set to return to Magellan in a consulting capacity from October. In doing so, Douglass is giving up his permanent role, effective June 15. The Magellan board today made the ASX announcement, declaring the return of Douglass who stepped ...

Superhero, Swyftx in $1.5bn merger

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
Superhero and Swyftx will merge to establish a $1.5 billion financial services giant with over 800,000 customers. The partnership between digital asset broker Swyftx and share trading and investment and superannuation platform Superhero is expected ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

ASIC prosecutes market manipulator

CHLOE WALKER  |  TUESDAY, 7 JUN 2022
ASIC has successfully prosecuted a'pump and dump' operator on 23 charges of manipulating listed stocks on the ASX; the first conviction of its kind for the regulator. Gabriel Govinda (known as 'Fibonarchery' online) pleaded guilty to the charges, and ...