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Showing 1221 - 1230 of 6146 results for "Money"

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil or criminal penalties resulting from breaches of the Corporations Act or ASIC Act. The ban will now come ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... those who did access the scheme. The financial impact of the pandemic could very well see more women retiring with less money, particularly for those who have less time to rebuild their balances before they retire," Rest group executive of employer and ...

No more easy 6% returns: Fidelity

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
... "Thinking about the defensive portion of our investors' portfolios - if you buy car insurance or home insurance it costs you money to do that, the insurance company doesn't pay you to take out that insurance. Historically, investors have been rewarded ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... Parker is also suing Link, alleging that Link failed to ensure investors could redeem their shares on request or that their money was invested sensibly. The UK's Financial Conduct Authority has been copping heat from investors for its sluggishness into ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... matters recently besides the AUSTRAC matter where Westpac paid a civil penalty of $1.3 billion relating to breaches of anti-money laundering and counter terrorism laws. The bank also had its appeal dismissed by the High Court of Australia regarding two ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... a selection of investment banking-style services. Klees had made $1.25 million flipping property and wanted to put this money in a secure investment product that could earn him some interest before he used it to purchase another property. He claims that ...

Women need to rebuild super: AMP

ELIZA BAVIN  |  MONDAY, 8 MAR 2021
... superannuation savings, through the government's early release scheme, and withdrew a higher proportion of balances than men. "This money provided much needed assistance at a time of considerable financial uncertainty, but we mustn't lose sight of its ...

Fidante strikes new partnership

KANIKA SOOD  |  FRIDAY, 5 MAR 2021
... Challenger transitioned its CIP Asset Management business from being focused on managing internal investments to managing money for external clients. In Europe, it partnered with agricultural manager Proterra Investment Partners. Nomura is a 96-year-old ...

Westpac best for ESG reporting in Australia: Report

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... the bank may be surprising given Westpac was fined $1.3 billion after an AUSTRAC investigation found it had breached anti-money laundering and counter-terrorism financing laws. Westpac was one of only two companies from outside of Europe to rank in the ...

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
... During the period, Statewide's policy was that insurance would automatically cease on the date there was insufficient money in the member's account to cover the next premium payment, or on the date that was three months after the end of the quarter ...