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Showing 1291 - 1300 of 6233 results for "Money"

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.

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... said that while it holds its own concerns over the proposed reforms, the idea that retail super funds are taking members money as profit is not accurate. "Whilst the FSC has concerns about some design elements of the Your Future, Your Super reforms ...

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... over the effectiveness of ASIC, AUSTRAC and other government agencies such as the Australian Border Force in combating anti-money laundering (AML) activities given so many incidents slip through the cracks. She pointed to the $500 million cocaine drug ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... increasing," they said. "If we don't subscribe to the reporting service, we will see one line in the registry saying the money came via HUB24 but we won't be able to see who the underlying investor is. It certainly doesn't stop you from doing ...