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Showing 931 - 940 of 4068 results for "PAI"

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super. Minister for superannuation, financial services, the digital economy and women's ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

Seven West Media backs Raiz

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
Seven will take a strategic investment of a 6.6% stake in Raiz via a $10 million share placement, aligning both companies' interests to work. Raiz joint group chief executive officer Brendan Malone said that Seven's investment into the Raiz business ...

Industry fund chief steps down, successor named

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
The longstanding chief executive of $26 billion industry superannuation fund Spirit Super will step down in the new year, with a QSuper executive to take up the role. Spirit Super's Leeanne Turner will step down as chief executive in early 2022 ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...

Marketech partners with Chi-X Australia

CHLOE WALKER  |  MONDAY, 29 NOV 2021
Marketech Online Trading is giving clients direct access to Australia's alternate stock exchange, Chi-X Australia. Marketech chief executive officer Travis Clark said the partnership with Chi-X Australia further demonstrates the capability of Marketech ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies. The Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021 currently sits before the house, containing the ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
Superannuation continues to break milestones, reaching $3.4 trillion in the year to September. Thanks to a 55% allocation to equities, the latest APRA statistics show that the superannuation pool reached another record high. Some 23% of total assets ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...