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Showing 1131 - 1140 of 4011 results for "Accounts"

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
... at 30 June 2020, after falling 9% in the year. It has about 15,000 members now, after consolidation of lower-balance accounts. The fund currently has a three-year agreement with its group insurer Hannover Life Re, which will continue to insure its members ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... larceny charge that he withdrew $30,000 raised for the failed IPO after the float was cancelled and transferred it to accounts for his own benefit instead of returning them to clients. Flowers was previously made bankrupt in February 2012, and permanently ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... of performance. Since inception in 1999, no investor has ever suffered any loss of principal in any of the Credit Fund accounts referred to in ASIC's claim," La Trobe Financial said. La Trobe Financial believes its products are true to label and ...

Missing Caddick's mansion on the line

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... Maliver, Gleeson and Soire will report to ASIC and the court on persons who have invested with Maliver, identities of bank accounts in which investor funds are held, Maliver's assets and liabilities, Maliver's solvency and financial record and an opinion ...

Super fund shuffles team, investment chief steps down

ELIZABETH MCARTHUR  |  THURSDAY, 17 DEC 2020
... Responsible Investment Association of Australasia (RIAA). Financial Standard profiled McLeod this year in its annual FS Managed Accounts journal publication. Barlow-Bolt joins from Australian Unity where she was executive general manager, investments ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... population was the reason total wealth grew marginally more than average wealth. "The September quarter 2020 financial accounts reflected improvements in the Australian and global financial markets, as well as a partial recovery of the domestic economy ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... behaviour, ASIC's two-year review found. After engaging nearly 4000 schools (63% were primary schools) and 180,000 student accounts, ASIC found that while children do develop positive long-term savings habit, it is doubtful that the programs contribute ...

Xinja ceases banking

ELIZA BAVIN  |  WEDNESDAY, 16 DEC 2020
... for its ADI licence back in 2017 and by September 2019 it was granted a full banking licence and was able to open bank accounts for customers. The company had raised more than $5 million through equity raising campaigns and a further $45 million from ...

LICs show sign of struggle

ANNABELLE DICKSON  |  WEDNESDAY, 16 DEC 2020
... companies (LICs) has decreased significantly due to heightened investor interest in exchange traded products (ETPs), managed accounts and mFunds. The latest Rainmaker Information Wholesale Advantage Report show LICs previously had 50% more funds under ...

Australia in China's shadow

BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
... China is Australia's biggest export market. Australian Department of Foreign Affairs and Trade data shows that Beijing accounts for 35.3% of total exports in 2019/20, much more than our next five biggest export markets combined - Japan (11.8%), South ...