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Showing 1391 - 1400 of 6147 results for "Money"

Many who accessed ERS unsure of impact: Research

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme. The study, conducted by the ARC Centre of Excellence in Population Aging Research ...

Chief economist update: October rate cut?

BENJAMIN ONG  |  THURSDAY, 24 SEP 2020
... overnight cash rate and the three-year bond target to below 0.25 per cent, as well as cut the rate paid to banks that keep money on deposit with the central bank to below 0.1 per cent... Mr Evans also forecast the Reserve Bank would lower the 0.25 per ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

AMP tops worst-performing super funds list

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... or the best-performing funds, UniSuper (7), IOOF (5) and AustralianSuper (4) rated highly in terms of the best value for money and performance. Among the balanced funds, AMP Capital's Dynamic Markets (-2.2% p.a.) was the only product in the red. ...

Sanlam withdraws from 8IP relationship

KANIKA SOOD  |  MONDAY, 21 SEP 2020
... Wheelhouse. Sanlam Private Wealth was established in Australia in 2009 by Werner Stals. It managed about $800 million in retail money at June end and has stakes in startups like Stockspot. Starting July 1, the Newgate Real Estate and Infrastructure Fund ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... employers to disclose and pay previously unpaid superannuation guarantee charges. It was about reuniting Australians with money that is rightfully theirs, making sure every dollar that is owed to workers goes back to them." The SG Amnesty was a one-off ...

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... industry consolidation over the coming years. "If you're talking about $1.5 trillion in play, the 10bps is an awful lot of money to wash up against the wall to get a consolidated, rationalised industry," she said. However, she did say merger costs ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of the AML/CTF Act 2006), any person who sends ...

Industry fund reveals new mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 16 SEP 2020
... First Sentier was valued at $150 million, according to Rainmaker. Finally, Colchester Global Investors has also seen more money, with the fund confirming it has increased an alternatives mandate held with manager. At the same time, it has terminated ...

Advice too expensive, hard to access: FPA

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
... work, our emotions, our friendships, our travel plans, our life plans and of course our financial circumstances," she said. "Money plays such a critical role in our ability to live the life we want, especially in the face of challenging and unplanned ...