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Showing 81 - 90 of 1135 results for "ISN"

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... substantial waiting period before funds can be accessed. "Having access along the way for different sets of circumstances isn't necessarily going to be the case moving forward, because that's not the purpose of those funds," he said. Meanwhile, from ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
The Reserve Bank of Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at ...

AustralianSuper invests in build-to-rent-to-own affordable housing

ANDREW MCKEAN  |  TUESDAY, 7 MAR 2023
... executive Paul Schroder acknowledged at the Australian Financial Review Super and Wealth Summit, investing in affordable housing isn't easy. "Does it [affordable housing] normally stack up? No, it doesn't. Usually, the risks are too high, and the ...

ASIC questioned over workplace culture

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
ASIC has been asked if its culture is toxic following the Treasury investigation into deputy chair Karen Chester. At a hearing this morning, a letter written by Secretary Treasurer Kennedy to ASIC chair Joe Longo regarding Chester's conduct was ...

Unemployment rate rises to 3.7%

ANDREW MCKEAN  |  FRIDAY, 17 FEB 2023
Australia's unemployment rate has risen to 3.7%, according to the Australian Bureau of Statistics (ABS). The ABS reported a decline in employment for the second consecutive month, following a period of robust jobs growth throughout 2022. Employment ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
The two funds are considering merging, after AvSuper's plans with Commonwealth Superannuation Corporation (CSC) fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... Funds Management portfolio manager Steven Spearing said that while this tightening cycle has nearly run its course, the RBA isn't finished yet. "The RBA will raise the cash rate another 25 basis points to 3.6% at its March meeting, and while we acknowledge ...

Super funds must unlock diversification opportunities: HSBC

ANDREW MCKEAN  |  TUESDAY, 31 JAN 2023
... assets, and asset management. HSBC head of global banking, Australia Anita O'Brien commented: "Our partnership with super funds isn't a new one, it's something we've been doing for a long period of time and want to continue to do as super funds expand ...