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Showing 1051 - 1060 of 6231 results for "Money"

Scammers prey on lonely hearts

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
... quickly, to try to influence victims. The scammer will then come up with elaborate stories asking the intended target to send money, gifts, or financial information. The scammer might ask for the victim to take out a loan, take money out of their superannuation ...

Advisers can step up to retirement planning boom

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... therefore their own financial reality. "That's often very hard to do. It's a major challenge to work out how long your money will last, and how much you can afford to spend," he said. Vanguard head of distribution Matthew Lumsden said: "Insights ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... sanctions out of their own pockets. The changes partly came about in response to the Royal Commission hearing IOOF used member money to pay fines. Hostplus said it consulted with PwC to develop a fair and appropriate methodology to charge the fee so ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... and unregistered managed investment schemes, believing that such products are insolvent. From 2015, PE Capital used the money raised via the MISs to fund eight mixed-use commercial and residential projects in Victoria. This was conducted via misleading ...

Foundation rolls out financial literacy program for students

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
Ecstra Foundation has launched a financial education program for schools, to help Australian students learn key money lessons early on. Ecstra's 'Talk Money' program is available for students from years five to 10, offering classroom workshops delivered ...

LGIA upgrades anti-money laundering tech

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
Newly merged super fund, the $24 billion LGIAsuper, has selected a technology partner to provide anti-money laundering services. The fund chose Napier's Transaction Monitoring and Client Screening tools as part of an upgrade of its anti-money laundering ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... which would you own?" "[Think] about the business and how much conviction you have that you're not going to lose your money; it's 100% safe, you're pretty confident you are going to get a very high rate of return or satisfactory rate of return ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... mandate is shared with Dimensional. Meanwhile, First Sentier Realindex scored a mandate from Cbus and Harris Associates saw money from AustralianSuper. "These super funds are amongst the biggest, best performing and lowest cost super funds in Australia. ...

Caddick's cars head to auction

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... being in a position to return monies to investors," Gleeson said. It's estimated about $26 million of investors' money disappeared when Caddick did in November 2020. In February 2021, human remains were found on a beach on the New South Wales ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
RI Advice was slapped with a $6 million penalty for failing to keep tabs on a representative who invested clients' money in risky and complex financial products. The Federal Court found that RI Advice failed to take the appropriate steps to ensure ...