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Showing 1 - 10 of 148 results for %22Associated Press%22

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... integrity of the financial system," the regulator said. "This includes notifying ASIC when becoming aware of activity associated with unscrupulous cold calling for superannuation switching business models." The Australian Institute of Superannuation ...

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... the beleaguered SCB bank with two other lenders in coordination with Vietnam's central bank," PBS said. The Associated Press reports that 85 other people are being prosecuted in connection with the matter.

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... sales to Israel. The most recent funding was for US$147.5 million for fuses, charges and prime, according to the Associated Press, while US$106 million was approved to spend on 14,000 rounds of tank ammunition. "The United States is committed to the ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... affordability of personal advice. The emerging class of advisers will be restricted from charging fees or receiving commissions associated with the personal advice they offer. The government said they will also be required to meet additional standards ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... challenges are drawing down on cash buffers to support their operations or service debts. Going forward, a decline in demand associated with a slowdown in the economy will remain a key risk for business profitability and debt servicing. Businesses that ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... confirmed it would take on the Holden Employees Superannuation Fund (HESF) after the latter flagged cost pressures associated with its diminishing size. It had about 1700 members and $300 million in funds under management. While it was established in ...

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... generational transfer of wealth capabilities." "Families can access funds at any time and can use it to claim anything associated with education. Whether that be anything from tuition fees, accommodation, travel, and equipment." Sakellaris continued ...

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN  |  TUESDAY, 15 AUG 2023
... parties to facilitate this process." Equity Trustees will write off the goodwill and management rights of $2.1 million associated with this investment. It will also incur costs associated with the exit, including continuing to fund operating losses until ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
... The changes come as EQT reviews its operations in the UK and Ireland, citing increased costs and pricing pressures associated with an intensifying regulatory environment and greater competition. EQT said it is considering all strategic options for the ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... completed on or around June 1. The two formally began discussions in December 2022 after HESF flagged cost pressures associated with its diminishing size. HESF was established in 1999 as a home for the retirement savings of employees and former employees ...
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