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Showing 1301 - 1310 of 4013 results for "Accounts"

Chant West, Zenith agree on acquisition

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
... chief executive David Wright said the acquisition adds a new business segment to Zenith's current business of managed accounts and of rating managed funds. "We see Chant West as a leader in its space and the acquisition presents a great opportunity ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... 1 January 2021. Questioning from the politician then turned to recent revelations that AMP opened new superannuation accounts in customer's names to repay fees charged to them for no service as part of its remediation program. "Isn't this adding ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... Marsh told clients they could reduce the risk of incurring trading losses if they increased deposits into their trading accounts, even though this would have the opposite effect and would place more of the client's money at risk. In doing so, ASIC found ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... the inaugural heatmap in December last year. Now, the estimated weighted-average total fees and costs paid per member accounts across all balances is $518, down from $525 in December. It represents an estimated net saving to members of $110 million ...

Vanguard launches SMSF functionality

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
... announced that its Personal Investor offering would be rolled out progressively, with SMSFs being the second phase. Joint accounts and financial adviser accents will come next. Investors with SMSFs operated through either individual or corporate trustee ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
... return the economy to full employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for 3% to 4% of the GDP. And it is on top of the $160 billion that the federal and state governments have already spent ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... compensation after two third-party authorised representatives failed to comply with legislation that required their super accounts to be transferred to Aon MySuper by 1 April 2017 unless they explicitly opted out. As a result, the impacted members' account ...

Robo users double down during COVID-19

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
Robo advice provider Six Park saw a significant increase in users topping up their accounts during March and April, as COVID-19 rocked markets. In a normal period, Six Park sees about 10-15% of users top up their accounts over a two month period. But ...

German fintech goes bust, $2.9bn gone

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
... denied any wrongdoing. The company's auditor, Ernst & Young GMBH, claims it was given false statements related to trust accounts while completing its 2019 audit. "There are clear indications that this was an elaborate and sophisticated fraud, involving ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
... the watchdog said, or will request money to be paid to a person or company into multiple or constantly changing bank accounts. It also warned investors to steer clear of any schemes displaying fake celebrity or government endorsements, as well as any ...