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Showing 1111 - 1120 of 6232 results for "Money"

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... defrauded self-managed super fund members of $2.8 million. Richard Emil Ayoub, an American national, allegedly funnelled the money into Bitcoin between March and August 2021 after promoting it to investors as a fixed bond investment, according to New ...

European syndicate bids for Link subsidiary

KARREN VERGARA  |  FRIDAY, 12 NOV 2021
... Group's banking and credit management arm for $87 million. Pepper European Servicing (not part of ASX-listed Pepper Money) and a group of firms offered €55m ($86.5m) for the unit, which operates as BCMGlobal, a loan and asset management service ...

Raiz Invest hits $1bn in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
... reaching this milestone reinforces that the business is delivering on customers' expectations. "They continue to entrust their money with us, and we appreciate their support and loyalty, and the valuable feedback they provide on ways to improve our product," ...

abrdn outlines climate change action plan

JAMIE WILLIAMSON  |  FRIDAY, 5 NOV 2021
... acutely aware of its obligation to support the drive towards net zero. "But we must be very clear: simply moving our clients' money out of high-carbon intensity stocks into greener options will not solve the world's crisis. Decarbonising a portfolio ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... directors Aryn Hala and Heidi Walters. Hala allegedly told investors that he can help them invest their SMSFs and then loan that money to A One Multi and earn annual investment returns of over 20%. ASIC claims that between 1 January 2019 to 30 June 2021 ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... to look after client's best interest, individual circumstances and potential conflict of interest while putting their money in the troubled URF and related products between 2 September 2015 and 31 May 2019. Last July, ASIC dropped its Federal Court ...

Advice gap spurs boom in investment media

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... chief executive Larry Diamond and Pitcher Partners wealth adviser Charlie Viola. Victoria Devine's popular She's on the Money also recently partnered with roboadviser Six Park for a passive investing offering suited to Devine's audience. Six Park said ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... complexity, it's got to add to the kit that we take to market and that we offer members... Reserves are obviously members' money, so it has to be in their best interests; we haven't got the blinkers on about what the possibilities are to ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... latest results was additional AUSTRAC charges. In FY20, Westpac recorded $2.6 billion of costs related to contravening anti-money laundering and counter-terrorism laws. "Through the year we rebuilt our processes, systems and practices and closed out ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... shield poorer performers from scrutiny. "By shining a light on choice products that are failing to deliver quality, value-for-money outcomes, APRA expects to see the same types of improvements for the 34% of member accounts in the choice sector," she ...