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Showing 1 - 10 of 5983 results for %22September 2017%22

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval. The class action alleged that ...

Funds SA asset allocation head to depart

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
... for his valuable contribution and wish him all the best in his future career." Piteo - appointed to the top job last September - said the fund's chief investment officer would lead the asset allocation program while he considered the organisation's ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... provisioned for $241 million to fund the Australian Financial Complaints Authority (AFCA) claims between November 2018 and September 2022. The levy is capped at $250 million. The initial levy estimate includes provisions for victims of Dixon Advisory ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... assistant director and economist, said at the very earliest, the RBA won't loosen monetary policy settings until September. "The Reserve Bank Board will want to consider the impact of a third round of tax cuts that will take effect in July. While ...

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... Justices Lee, Anderson, and McElwaine upheld the previous orders made by Justice O'Bryan in the Federal Court. On 25 September 2023, O'Bryan ordered Provide Capital to produce the documents that it had previously failed to produce under ASIC's ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... period," she said. The fund's Lifecycle strategy will be changing and will be implemented gradually between July 1 and September 30 this year. "We're changing the underlying investments of the strategy from Balanced, Retirement and Cash Pools ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... superannuation entities. The Financial Accountability Regime Bill 2023 passed the upper and lower houses of parliament on 5 September 2023. The FAR aims to strengthen the responsibility and accountability framework for APRA-regulated entities in the ...

ASX-listed companies flock to private markets

ANDREW MCKEAN  |  FRIDAY, 8 MAR 2024
... Diversification, better, returns, and increased accessibly have helped grow Australia's private assets to $118 billion by September 2022, according to Preqin and the Australian Investment Council. "Private markets are fast becoming democratised within ...

Iress loses key wealth executive

ELIZABETH FRY  |  FRIDAY, 1 MAR 2024
... its wealth leadership team to try and accelerate growth and boost its lagging share price. She joined the firm last September as operating chief. One month later, she was named interim chief executive of wealth, before landing a role as chief product ...

Super assets reach $3.7tn

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... growing 3% during the period. Super funds with more than six members reported a rate of return (ROR) of 4.3% from the September 2023 quarter. This high quarterly return was driven by strong growth in financial markets, particularly equities as the ASX300 ...
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