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Showing 71 - 80 of 5188 results for "Australians"

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... multiple investors, specifically those that were transferred to crypto-assets. ASIC issued an official warning urging Australians to consider the risks of cryptocurrency investments. "Financial advice must only be provided by qualified and licensed financial ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... industry before we get our AFSL." Sarkis said the AFSL "will further strengthen iExtend's offer to provide more Australians with the opportunity to extend the life of their existing life insurance policy when financial, health, lifestyle or other ...

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... Retirement Income Covenant obligations, research by Capital Preferences and Challenger reveals. The survey of 4000 Australians showed 78% feel unprepared for retirement, with a similar number ambivalent when it comes to feeling their super fund has empowered ...

MetLife Australia hires chief operating officer

JAMIE WILLIAMSON  |  FRIDAY, 2 FEB 2024
... team for their warm welcome. "I'm looking forward to working with our team and our partners to help change the way Australians experience life insurance solutions," she said. In joining, Lacheur replaces David Campbell, who held the role since September ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... inappropriate fees and charges, cautioning the superannuation industry to lift its game. At an industry event, Court said Australians have a right to expect efficient, honest, and fair treatment by their superannuation fund. However, recent surveillance ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates. This includes France's Thales ...

Treasury details winners from tax concessions on super contributions

ANDREW MCKEAN  |  THURSDAY, 1 FEB 2024
... million threshold. This change, scheduled to commence on 1 July 2025, is initially expected to impact less than 0.5% of Australians. Under the current system, while employer and personal contributions to super funds are usually taxed at 15%, individuals ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
The banking giant was found to have engaged in unconscionable conduct in the interest rate swap case borne out of AustralianSuper and IFM Investors' acquisition of part of Ausgrid in 2016. In October 2016, Westpac engaged in pre-hedging of an interest ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
Senator Andrew Bragg has slammed industry super funds, accusing them of channelling $40 million to unions and Industry Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER ...

Industry leaders celebrate Australia Day honours

KARREN VERGARA  |  MONDAY, 29 JAN 2024
... Australia Day 2024 Honours List, recognised for services in their respected fields and to the community. Some 1042 Australians received top honours across several categories. The award has four levels: Companion of the Order of Australia (AC), Officer ...