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Showing 91 - 100 of 5645 results for "Money"

Link names retirement, super product lead

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
Link Group has named a chief product officer to lead the development and strategic direction of its retirement and superannuation solutions. Jonathan Shaw will step into the role of chief product officer for Retirement and Superannuation Solutions (RSS) ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... fees should be reviewed to ensure the additional services provided justify their higher fees and are providing value for money for members," APRA said. However, fee reductions shouldn't be at the expense of ensuring products and RSEs remain sustainable ...

BBY manager charged with aiding and abetting

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... Yat Nam (April) Yuen, who worked in roles such as manager of strategy, facilitated the transfer of large sums of client money that was meant to be held on trust. Yuen instructed St George Bank on 13 June 2014 to transfer $6.8 million of client funds ...

Betashares launches cash plus managed fund

CASSANDRA BALDINI  |  MONDAY, 27 NOV 2023
... (managed fund) (MMKT) offers investors access to a diversified portfolio that includes Australian dollar cash and short-term money market securities. According to Betashares, most money market securities in the portfolio have a maturity of three months ...

Small-cap shares set to soar: Flinders

CHLOE WALKER  |  FRIDAY, 24 NOV 2023
... nearly as bad financially as people thought they would." While small caps have become cheaper, they are still making good money, which makes their valuation more and more attractive compared to large-cap stocks, Macdougall added. "I just look at how ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... financial hardship. "While NAB customers are broadly in good shape, one in four Australians say they don't have enough money for an emergency. With rising interest rates and increased cost of living, people's financial literacy and understanding ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
Perth Mint has entered an enforceable undertaking (EU) with AUSTRAC to improve compliance with Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws. In August, the financial crimes regulator ordered the appointment of ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... practices present a range of risks for its customers. As alleged in the SEC complaint, Kraken blends its customers' money with its own, paying operational expenses directly from accounts holding customer cash. It also allegedly mixes its customers' ...

MA Financial issues first RMBS

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
MA Financial's lending business, MA Money, has completed its inaugural residential mortgage-backed securities (RMBS) issuance, amounting to $500 million. The transaction was initially launched at $400 million but was later increased due to high demand ...

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... $2.8 million in compensation, it said. Three separate reviews by ASIC over the years all found most retail clients lose money trading CFDs. For example, between March and April 2020, users lost over $774 million based on a sample of 13 CFD issuers. In ...