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Showing 1161 - 1170 of 3999 results for "Personal"

US regulator, states sue Facebook

JAMIE WILLIAMSON  |  THURSDAY, 10 DEC 2020
... monopoly power to suppress competition and degrade privacy protections. The FTC said Facebook is "illegally maintaining its personal social networking monopoly through a years-long course of anti-competitive conduct". Alabama, Georgia, South Carolina ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... business placed by the product issuer or a gift. Thirdly, superannuation funds cannot charge fees on an ongoing basis for personal advice provided to MySuper products (for a 12-month period). More generally, super funds cannot charge a member fees for ...

Investec to close Aussie business

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
The South African wealth manager and banking group is exiting the Australian market after 20 years. The company said the move is not a reflection of performance of the Australian business or employees, but a "strategic exit" to focus on its core markets ...

University debt weighs on personal investing

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
... starting a business. About 24% said their university debt had a "moderate to very large" impact on their ability to start personal investing outside of superannuation. On home ownership, 50% said HECS-HEP debt impacted their ability to buy a house, with ...

Chief economist update: China turns crisis into opportunity

BENJAMIN ONG  |  TUESDAY, 8 DEC 2020
... global recession, latest international trade data reveal that it's turned this to its advantage. Strong demand for personal protective equipment (PPE) and masks and working from home electronic products - as well as increased seasonal Christmas demand ...

Retail default fund tops performance table

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
... balanced accumulation fund (6.7% p.a.) was the best performer out of a list of 40 products, followed by UniSuper's personal balanced fund (6.4% p.a.). The rest of the top 10 performers, in the three years to October, included AustralianSuper (6% ...

AAT refuses Allegra AFSL

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... Allegra Financial Services after it was initially rejected by ASIC. Allegra applied to ASIC for an AFSL in 2018 to provide personal financial product advice to retail and wholesale clients, with Lachlan Schonfelder as its sole director and majority shareholder. ...

US wealth manager acquires three Aussie firms

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
NASDAQ listed Focus Financial Partners has created a new network of boutique financial advice firms and acquired three Australian businesses. Focus launched Connectus on December 1 in the US, and now the first Australian advice firms to join the boutique ...

NAB names RBS alumnus as chief operating officer

ANNABELLE DICKSON  |  WEDNESDAY, 2 DEC 2020
... colleague as chief operating officer. Les Matheson will return to Australia after spending six years as chief executive, personal and business banking (UK and Ireland) at Royal Bank of Scotland (RBS). NAB chief executive Ross McEwan worked closely with ...

HSBC wealth lead lands chief executive role

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
HSBC's global chief executive of wealth and personal banking has scored the top job at a major financial services group. Charlie Nunn will become the group chief executive and executive director of Lloyds Banking Group, overseeing brands such as ...