Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1011 - 1020 of 6145 results for "Money"

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... the general public. Further, the misleading conduct potentially affected investment decisions involving very large sums of money." When ASIC first took action against La Trobe in December last year, the firm said that no liquidity event, even though ...

Plaintiff seeks to ring fence Dixon penalty

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... to look after client's best interest, individual circumstances and potential conflict of interest while putting their money in the troubled ASX-listed US Masters Residential Property Fund (URF) and related products between 2 September 2015 and 31 ...

Role of adviser to change: Fidelity

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... emotional outcomes compared to those who were unexpectedly forced into retirement." Although there is more to life than money, the research also found that having a solid financial bedrock before retirement contributes to life satisfaction. "This is ...

Morningstar launches retirement strategy tool

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... tool today. He said it is designed to take into account behavioural science and the way that retirees already think about money. "For the vast majority of clients, they need to take on some market risk to produce returns to meet their spending aspirations," ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... funds take steps to verify requests," a spokesperson for Rest said. "We have a clear obligation to keep our members' money safe, and we must verify members' identities and bank account details when they request a rollover. This can, on occasion ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... estimated that Caddick's victims lost close to $26 million by investing with her, the court has heard evidence that investor money was used to fund Caddick's lifestyle. The court found Caddick operated without an AFSL from about October 2012 until about ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... that she is "closely watching" such funds. "And let's not kid ourselves as to what this really is; taking member's money out of their retirement savings to set up a pool of funds - owned by the trustee - to ensure they can pay for penalties due ...

High-net-worth investors richer, optimistic

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
... But the research shows that Australia's wealthiest investors are a very optimistic group." HNW investors channelled their money into ETFs and cryptocurrencies. However, ETFs, LICs and REITs remain the top three asset classes. Around 13% of respondents ...

Citi Foundation awards over $1m to community partners

CHLOE WALKER  |  THURSDAY, 18 NOV 2021
... diversity and inclusion, Citi Foundation has included Northcott NEXT program on their list of grant recipients. With this grant money, Northcott NEXT program will provide personalised services and empower school leavers with a disability to gain the ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
... out the draft guidance, which covers areas such as the remediation review period; remediation payments and what to do when money cannot be returned; and the appropriateness of remedies, including calculating foregone returns and interest. It also discusses ...