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Showing 1201 - 1210 of 6146 results for "Money"

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... million. Reviews by the regulator conducted in 2017 and 2019 found that 80% of retail clients who traded binary options lost money. Binary options have an "all or nothing" pay structure, the investor either loses the entire investment amount or makes ...

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... According to the affidavit, ASIC considers that it is in the best interests of Maliver investors who lost significant sums of money to resolve civil proceedings as quickly as possibly so that they can receive funds from the winding up of the company. ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... relationship between Industry Super Holdings (ISH) and the ABC. Falinski grilled APRA deputy chair Helen Rowell on why members' money is being used to fund media outlets such as the ABC and The New Daily and pass the sole purpose test. "How much ...

APRA gains traction on superannuation data project

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
... expenditure, including marketing and sponsorships, will provide greater transparency on how trustees spend their members' money," she said. "The new data collection also brings more consistency in key definitions and will enable all stakeholders to make ...

Computershare to buy Wells Fargo corporate trust business

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... corporate trust business includes over 26,000 mandates across securities issuances, and US$62 billion in client deposits and money market funds, and 2000 employees. It advances Computershare's existing US and Canadian corporate trust business. The acquisition ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... consequences," Fisher said. "There is no wage growth, no inflation but the cost of living has been skyrocketing. There is no money being paid on savings in the bank, which is untenable particularly for retirees." As a result, investors are engaging in ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... stronger demand for robo-advice to help improve their financial wellbeing, a new survey finds. Software firm Oracle's Money and Machines 2021 report reveals that more consumers are shunning professional finance advisers, citing a lack of trust and ...

Brian Hartzer to release leadership book

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
... and error. Hartzer resigned from Westpac after an AUSTRAC investigation found that the bank had failed to comply with anti-money laundering and counter-terrorism laws. "Because of the circumstances of my departure from Westpac - which I touch on briefly ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... been trading insolvent since it began in November 2019 and was paying M Core noteholders distributions and redemptions with money raised from other M Core noteholders. During court proceedings, ASIC suggested this model was not far from a Ponzi scheme. ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... to pay $3.3 million for contravening the ASIC Act in the BBSW saga. However, most recently ANZ was accused of paying hush money to a whistleblower regarding the BBSW scandal.