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Showing 821 - 830 of 12181 results for "May"

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 ...

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... the current scope of the CSLR and any related matters, as well as any other current and recent reviews and inquiries that may be relevant. Outgoing minister for financial services Stephen Jones last Friday announced the government will launch a review ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... members' best financial interests. The findings of the review must also be made public. Judge Sarah Derrington suggested BUSSQ may have pursued a judicial review as a tactical move rather than the most appropriate legal avenue, potentially to prevent ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... a failure like UGC in the levies for the 1 st and 2 nd levy periods (UGC had not failed at the time). This means that CSLR may be limited in its capacity to pay these claims if they are resolved in 2024-25 and therefore payments for UGC-related claims ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... 1 the TBC will jump to $2 million. It will only apply to those who have not yet exhausted the cap. However, the higher TBC may impact how the three-year bring forward rule on non-concessional contributions (NCC) is applied. "The likely result from July ...

Best Australian share funds of 2024: Mercer

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
... services while keeping an underweight to more growth orientated sectors like consumer durables and real estate. "This positioning may change with the Reserve Bank of Australia changing stance, depending on the number and aggressiveness of the rate cut ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... said. "If the impression is given by an approved SMSF auditor that they perform a simple task for a low fee, that auditor may not be completing the job adequately and properly giving rise to a risk of scrutiny of both the approved SMSF auditors and the ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... confirming that the person requesting the transfer was the member rather than looking for flags to indicate that the member may have been tricked," Constant said. In addition, ASIC said trustees did not have sufficient oversight of their external administrators' ...