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Showing 1211 - 1220 of 4503 results for "Case"

Aussies lost money due to lack of advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Despite Australia living up to its reputation as a lucky country during the COVID-19 pandemic, Australians' investments took a bigger hit than their international counterparts - likely due to a lack of financial advice. New research from PIMCO surveyed ...

New fund to invest in AI companies

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
A Melbourne boutique has launched a thematic fund that invests in businesses delivering artificial intelligence (AI) solutions. NextGen Funds Management's AI Technology Fund will invest in debt or equity in AI businesses in startup to pre-IPO life stages. ...

WTW calls for more investment in China

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
... said, global investors with a long-time horizon should not be deterred from investing in the nation. "Rather than weaken the case, these factors actually reinforce the need to own more Chinese assets to make portfolios more resilient in a changing and ...

CBA in court for overcharging interest

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
... charged a rate of interest on business overdraft accounts substantially higher than what its customers were advised. ASIC's case alleges that between 2011 and 2018 CBA provided customers with terms and conditions for certain credit facilities that ...

New multifamily real estate fund

KANIKA SOOD  |  MONDAY, 30 NOV 2020
A new fund that will invest in $223 million worth of American multifamily assets is pitching to Australian investors. Domus's Multifamily Real Estate Fund (Domus IV) will invest in three assets in Nashville, Tennessee and Phoenix. It includes multifamily ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... authorisation. The regulator is also concerned investor funds may have been unlawfully dealt with. Caddick did not appear at the first case management hearing for this matter, which was scheduled for the day she disappeared. Today, ASIC sought a date ...

SMSF fraudster sentenced

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
Craig Gore was sentenced to five years' imprisonment with a non-parole period of two years on six counts of fraud involving $345,000. Gore was initially arrested on 14 April 2017 after being charged with fraud relating to obtaining funds from self-managed ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... which are not supported by an identifiable and quantifiable financial benefit to members and articulated in a clear business case, are unlikely to satisfy the requirements of the best financial interests obligation, the draft law states. While the legislation ...

Chief economist update: It's looking up for the land down under

BENJAMIN ONG  |  WEDNESDAY, 25 NOV 2020
... deficit the Treasury forecast in the Budget Papers 2020/2021 and/or provide the Morrison administration more firepower just in case. The budget papers released last month forecast iron ore prices to settle at around US$55 per tonne by June 2021, current ...

Aussie dividends lag on global stage

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... much depends on the pandemic and the severity and duration of any further lockdowns. As a rough guide, we estimate a worst case for dividends to be flat next year on an underlying basis, but we believe they could rebound by 12% in our best-case scenario." ...