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Showing 941 - 950 of 7188 results for "Retirement"

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
Australian Retirement Trust will welcome a new chief financial officer in October. It comes as the fund also adds three new leadership positions to its investments function. Phil Fraser will take over as chief financial officer on October 1, replacing ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... unique lives and investment needs. That's why we offer investment options designed to cater for a wide range of retirement savings goals, risk appetites, investing styles and timeframes," the fund said. "On 1 October 2024, we're expanding our ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... funds that delivering strong returns and balances is only part of the job. "Two years on from the implementation of the Retirement Income Covenant, we are still having the same conversations. Equally, we're still seeing a lack of urgency in improving ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... super balances commonly referenced in newspaper articles, lobbyist submissions to government reviews, or even the ASFA retirement standard, for example, are not reflective of their balances." APRA will release the results of its superannuation performance ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... integrity, diligence, and judgement." The additional conditions imposed on the two industry funds, which manage the retirement savings of nearly one million Australians, will also have independent expert scrutinise their expenditure practices, assessing ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... financial services group said its NPBT result was driven by an ongoing strong performance in Challenger Life - its retirement income business that sells term and lifetime annuity products - and a "disciplined approach to cost management." Challenger's ...

Acquisitions boost WT Financial Group results

KARREN VERGARA  |  TUESDAY, 13 AUG 2024
... financial and personal risk insurance advice continues to grow as millions more Australians plan for and reach their retirement - at the same time, adviser supply has been reduced and barriers-to-entry remain high," he said. In 2022, WTL acquired Synchron ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... underinsurance challenges due to lower home ownership rates and pivoting towards accumulated superannuation savings for retirement. Meanwhile, workers aged 35-54 are more likely to hold a life insurance product. Australians approaching retirement (aged ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... directors. "Our members can be reassured that the fund's focus on protecting and growing their hard-fought for retirement savings is unwavering," the Cbus spokesperson said. Nevertheless, Liberal senator Andrew Bragg contends that the $85 billion ...