ANZ to pay $57.5m to settle class action - Financial Standard
WEBMar 25, 2024 · The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 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.
Financial Standard
WEBStafford Capital head of client solutions, Australia and New Zealand Elysse Morgan spends most of her working day engaging with the keepers of capital, encouraging them to break new ground, to step away from the conventional, and go against the grain with the nascent asset class of timber.
ASFA Retirement Standard hits record high
WEBMar 13, 2024 · Superannuation. ASFA Retirement Standard hits record high. BY ANDREW MCKEAN | WEDNESDAY, 13 MAR 202412:45PM. The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year.
ACSRF, UniSuper confirm merger | Financial Standard
WEBMay 16, 2022 · BY JAMIE WILLIAMSON | MONDAY, 16 MAY 2022 12:25PM. Australian Catholic Superannuation and Retirement Fund and UniSuper have signed a Heads of Agreement to formally merge. In December the two funds announced they were undertaking due diligence on a potential merger. Today, the funds have said that process determined it was in the best financial ...
Chalmers sworn in as treasurer | Financial Standard
WEBMay 23, 2022 · Treasury is now led by Jim Chalmers, the man who has served as shadow treasurer since mid-2019. He was sworn in this morning shortly after the nation's 31 st prime minister Anthony Albanese. Chalmers has been a part of the shadow Treasury team since July 2016 when he was shadow minister for finance. …
Colonial First State settles super class action for $56.3m
WEBApr 4, 2022 · The lead applicant bringing the claim, Lesley Coatman, was a street sweeper driver who retired with less than $35,000 in superannuation. CFS settled the class action for $56.3 million, inclusive of legal fees, subject to court approval. A trial was due to start next week but it has now been vacated.
AMG Super launches platform, product | Financial Standard
WEBNov 2, 2021 · AMG Super has launched a platform that coincides with unveiling a new superannuation product. AMG Super will migrate existing members and products to the new platform in 2022 as part of a major project that will be rolled out over the next 12 months. The new product, Acclaim Super & Pension, launched on October 27.
Aware retires VicSuper brand, expands investment menu
WEBApr 28, 2023 · Aware Super will finally retire the VicSuper brand next month, just shy of its 30 th birthday. The brand was retained in the merger with First State Super in 2020 and members were kept in a separate division. Effective May 11, Aware will combine its memberships. At the same time, Aware Super said it has reviewed its …
Experience pathway enshrined in legislation - Financial Standard
WEBSep 8, 2023 · Experience pathway enshrined in legislation. The highly anticipated legislation that recognises veteran financial advisers as professionals and exempts them from undertaking further qualifications has passed both houses of parliament. The Labor government passed Treasury Laws Amendment (2023 Measures No. 3) Bill 2023 on September 6 in a bid to ...
AustralianSuper, LUCRF Super agree to SFT - Financial Standard
WEBApr 11, 2022 · The merger will see an additional $7.25 billion added to AustralianSuper's existing $260 billion, along with just shy of 132,000 new members. "The teams at LUCRF Super and AustralianSuper have worked hard to deliver a quick and seamless merger and the result will be scale benefits delivered for all members from day one," LUCRF Super deputy chief executive and chief operating officer Antony ...
Skip to content