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Showing 1421 - 1430 of 11096 results for "Members"

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... over-the-counter (OTC) derivatives issuer Prospero are embroiled in Australian Federal Police's investigation into seven syndicate members who allegedly laundered nearly $229 million known as "Operation Avarus-Nightwolf". The Changjiang Currency Exchange ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... wider range of banks and superannuation trustees to ensure that they are taking all necessary measures to protect their members and customers from malicious scammers. "We are scrutinising the way lenders comply with their hardship obligations, how banks ...

'ASX Wolf' Tyson Scholz bankrupt in ASIC crackdown

ANDREW MCKEAN  |  FRIDAY, 1 MAR 2024
... selling specific shares, including timing and pricing, both publicly within the group and through direct messages with members seeking his advice on specific stock actions. Following this, the Federal Court permanently barred Scholz from operating fee-based ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the SMC estimates the cumulative ...

Realindex Investments marks 15 years with rebrand

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... rebrand coinciding with its 15 th birthday celebrations. It now has $28.7 billion in assets under management and 17 team members. "Over the last 15 years, our team and processes have been tested by a number of different market events and environments. ...

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... income would cost more than $900,000, Rainmaker said. This, despite APRA data showing that only 3.3% of retirement age members in not-for-profit and retail super funds have more than $1 million in their super account. Almost half of the total have less ...

HNWI collecting activity stoops: Knight Frank

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... tracks the performance of 10 popular investments of passion, ended the year in negative territory, as several stalwart members of the index, including rare bottles of whiskey, cars, and handbags, dropped into the red or showed minimal gains. "To some ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... finger at recent reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting Members Interests First (PMIF) policies have contributed to a substantial reduction in superannuation insurance coverage for death ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... TelstraSuper; the median return for default Lifecycle options over the year was 11.4%. About 65% of Vanguard Super's members are in the Lifecycle option, Shrimski confirmed. "We're thrilled with the start of superannuation, quite frankly... specifically ...

Super assets reach $3.7tn

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... funds' AUM grew at a slower pace of 8% to reach $713 billion. There are now 108 APRA-regulated entities with more than six members, dwindling down from 116. There were 614,705 SMSFs at the end of December, growing 3% during the period. Super funds with ...