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Showing 931 - 940 of 3208 results for "Power"

Macquarie to profit off severe weather

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
Macquarie Group has increased its short-term guidance as demand rises for gas and power in Texas after severe weather conditions caused the collapse of its local electricity supply. Macquarie expects its annual profit to increase by between 5% and 10% ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... independent assessor has the ability to review complaints about the standard of service provided by AFCA but does not have the power to review the merits or substance of an AFCA decision. Treasury is asking stakeholders where this scope and remit for ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... become a reality if the parliament passes the Your Future, Your Super legislation. Fringe backbenchers will soon have the power to pressure the minister to ban any type of super fund investment they don't like," Dean said. "Mr Wilson and his small ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... employer group," Loane said. Scheerlinck is concerned about the lack details around expenditure, which gives the government power to ban super fund investment or expenditure regardless of whether it is in members' interests. "This is an extraordinary ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... financial sector in a targeted and timely way. "But there are important checks and balances - it is a temporary intervention power, and we must consult before each and every use," he said. Hughes also reiterated that an affected entity can seek to review ...

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
The latest GDP growth updates show that the world's major economies remain in contraction (in year-on-year terms) at the end of 2020 and despite the roll-out of vaccines, the COVID-19 pandemic (and now its variants) remain with us, triggering stop-and-go ...

Aussie super funds and Biden's US infra push

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... change, he said, which it sees as "existential threats". Some of Biden's first executive orders as soon as he came to power were to review oil and gas drilling on federal land, implement new environment regulations, and reverse Trump's previous ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... what is meant by acting in members' best interests (or best financial interest) and proposes an illogical and unprecedented power for regulators to prohibit actions that are in members' best financial interest, he said. The new legislation will also ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The managed accounts platform has recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration ...

IFM to acquire energy company

KARREN VERGARA  |  WEDNESDAY, 3 FEB 2021
IFM Investors, together with a global pension fund, are set to acquire a clean, low-carbon energy company Enwave. QIC has also bought into the same company in a separate transaction. IFM and the $210 billion Ontario Teachers' Pension Plan Board ...