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Showing 91 - 100 of 547 results for "Term Deposit"

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
Fiducian Group's funds under advice continues to grow but could be dampened by legacy clients that will not renew the services of an adviser. Fiducian's FUA went up $700,000 to $3.7 billion in the year to June 2021, thanks to acquisitions, inflows ...

Another cash ETF bites the dust

KANIKA SOOD  |  MONDAY, 19 JUL 2021
Less than two years after listing on the Chi-X, a Daintree-managed short-term fixed income ETF has delisted from the exchange. The eInvest Cash Booster Fund (managed fund) (ECAS ) targeted 0.5% above cash rate (net of fees) by investing in cash, term ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
Superannuation assets hit a record high of $3.127 trillion at the end of the March 2021, new APRA figures show. This is a 15.1% increase year on year, APRA said in releasing the quarterly figures, attributing the growth to strong investment performance. ...

Industry fund ups admin fees

KARREN VERGARA  |  MONDAY, 24 MAY 2021
An $18 billion superannuation fund is increasing its administration fees and adding to its cash option menu from July 1. CareSuper will stop passing on tax benefits to members via the fixed component of the admin fee and the percentage-based portion ...

Research aims to solve cash conundrum

ELIZABETH MCARTHUR  |  THURSDAY, 6 MAY 2021
... in place for some time, Allianz Retire+ has released new research looking at how best to solve the cash conundrum. Term deposit rates have fallen 96% since the Global Financial Crisis high of 8.25% and now sit at just 30 basis points, according to the ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ...

Catholic Super bank implements Temenos

KANIKA SOOD  |  MONDAY, 12 APR 2021
Catholic Super's bank MyLife MyFinance has implemented Temenos' digital banking platform replacing its legacy system. Temenos said the implementation reduces the bank's complexity by moving all processes and data to one core system, Temenos Transact. ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... deposits on properties and used to purchase assets that were not secured. The judge, Justice Anderson, found the term deposit representation was: "Misleading or deceptive and created a false and misleading impression that the Mayfair products were comparable ...

AustralianSuper adds gold ETF to menu

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
AustralianSuper, Australia's largest super fund with over $200 billion in assets under management, has added ETF Securities Physical Gold ETF (ASX: GOLD) to its direct investment menu. The fund's direct investment offering allows some members a choice ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... particular issue with the fact that the debenture products were being marketed using Google AdWords phrases like "term deposit" and "bank deposit". Despite Klees being unsuccessful in his suit, his complaint echoes many of ASIC's concerns about Mayfair ...