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Showing 1091 - 1100 of 4011 results for "Accounts"

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... 5% of their total pension fund. About 72% of the investment is indirect, done so by external investment managers. Coal accounts for about 34% of fossil fuel investments, while gas accounts for 66%. The analysis, which only looks at the 200 largest fossil ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... early release of super scheme. Members withdrew $13 million between April and December 2020, the firm's half-year accounts show. Raiz Super launched in 2018 with Diversa acting as its trustee. Members' money is invested in ETFs listed on the ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... growth and is positioned to expand on its solutions-based approach, multi-asset offerings, retail separately managed accounts, and customized investment products." Wells Fargo said the transaction will result in the automatic termination of four of its ...

Crypto chosen over defensive assets

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... (7.7%). BTC Markets chief executive Caroline Bowler said the interest from investors aged over 60 years old has doubled and accounts for around 10% of its client base. "Australian investors also followed international trends. We noted a five-fold increase ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... identities to fraudulently set up a new fund so that it can receive payments and rollovers from genuine APRA or SMSF accounts," Micale explained. The ATO identified 18 stolen identities being used to establish 12 SMSFs worth around $2 million in super ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... new owners recognise that while they are buying the trusted ME brand, the bank's loan book and its depositors' accounts, it is also taking over the livelihoods of the staff." She added that the FSU represents members of both banks, and that it ...

Netwealth cash margin could squeeze

KANIKA SOOD  |  FRIDAY, 19 FEB 2021
Netwealth's revenue from its cash transaction accounts could fall in the next year as the risk of ANZ Bank renegotiating the rate rises, according to Macquarie. Netwealth had $38.8 billion in total funds under advice at December end. Of this, about ...

Goldman Sachs launches robo-adviser

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... part of Goldman Sachs' consumer finance offering, Marcus, which launched in 2016 initially providing loans and savings accounts. Marcus was named after the firm's founder Marcus Goldman.

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... Coonan had relied too heavily on Barton without knowing about his involvement in advocating for the maintenance of certain accounts when ANZ Bank alerted him to money laundering risks. The report found this "misplaced reliance" on Barton was not a flaw ...

The future of quality advice: SMSFA

ANNABELLE DICKSON  |  THURSDAY, 18 FEB 2021
... being clear with clients is key," he said. In addition, Ryan suggested advisers proactively monitor client portfolios and accounts to pick up on any issues early rather than reflecting on an audit. Looking forward, both Ryan and Deloitte partner Tim ...