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Showing 861 - 870 of 5868 results for "July"

HESTA revamps insurance offering

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
... renewed its insurance arrangements with AIA, extending the relationship that's been in place since 2017. As a result, effective July 1 the fund will roll out several changes to its group insurance offering. Firstly, fees paid by some members will change ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... product issuers after a review found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers which totals $6.6 billion in funds backed ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... the names of friends and relatives, to manipulate the share price of 20 different listed stocks between September 2014 and July 2015, ASIC said. The regulator further alleged Govinda traded between the various accounts and used "dummy bids" to falsely ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... to hold off on raising rates in May, Uhlenbruch anticipates a continued tightening bias, with a potential move in June or July. "We suspect that policy conditions are tight enough to push the economy into a period of sub trend growth rather than outright ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
... Coinciding with the purchase, MA Financial will launch the MA Global Private Credit Fund, managed by both investment teams in July. The initial focus for MA Financial will be on the specialty finance market, it said. Blue Elephant founders J.P. Marra ...

HESTA adds Dahn to board

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... HESTA has appointed Pitcher Partners' Sue Dahn, an FS Power50 financial adviser, to its board and investment committee. From July 1, Dahn will join the super fund with $70 billion in assets under management. Dahn founded the investment advisory practice ...

High returns flow from water rights

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... entitlements in Australia is a $26 billion industry. Kilter Rural's Kilter Water Fund posted a high 23.69% return in the year to July 2022. Competing products Argyle Water Fund gained 16.45% while Duxton Water reported 21.56% over the same period. "From ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... the realised gains would face taxation again, she said. Also, despite the planned implementation of the legislation on 1 July 2025, it would still apply to unrealised earnings of assets already present within an individuals super account. Critics argue ...

Iress unveils major restructure, new leadership

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... end-to-end accountability for product, technology and support functions. Each will also have its own chief executive. From July 1, Jason Hoang will serve as chief executive of Trading and Market Data, Paul Giles as chief executive of Superannuation ...