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Showing 1541 - 1550 of 5241 results for "Money101"

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
Westpac has confirmed it was served with a class action on behalf of shareholders in relation to the AUSTRAC investigation. The class action has been filed by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...

Where to invest when a GFC looms

KANIKA SOOD  |  MONDAY, 16 DEC 2019
More than half of the world's biggest money managers think another GFC will strike soon yet they don't plan to fiddle much with their asset allocations in 2020, according to a new survey of 500 institutional investors. Natixis Investment Managers surveyed ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
An $8.5 billion corporate superannuation fund has swapped out MLC Life Insurance for another provider after eight years. Qantas Super will now use OnePath Life as its insurance partner, with an expected start date of 1 July 2020. The fund started to ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
Pinnacle Investment Management has bought a 25% stake in Christopher Joye's credit boutique in a transaction that values it north of $116 million. Pinnacle is paying $29.1 million for the interest. An extra $5 million is subject to the Coolabah ...

Westpac directors slammed

ALLY SELBY  |  THURSDAY, 12 DEC 2019
Social enterprise Women on Boards has demanded that more heads roll, ahead of Westpac's AGM in Sydney today. Ruth Medd, who co-founded Women on Boards, made the remarks as a long-term shareholder in Westpac and experienced chair and non-executive director. ...

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
Pershing Securities Australia has been charged after breaching client money obligations. The clearing and settlement solutions provider was charged with two counts of failing to pay client money into an account and one count of failing to comply with ...

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
The Australian Tax Office has issued a warning against promoters of illegal self-managed superannuation schemes. The ATO is reminding consumers that SMSF schemes promising to allow you to withdraw super early can be illegal. "You can only access your ...

Aussies unprepared for wealth transfer

ALLY SELBY  |  MONDAY, 9 DEC 2019
Despite the largest intergenerational wealth transfer to date looming, more than half of Australians do not have an estate plan in place. New research from Perpetual shows 56% of Australians do not have a will in place, with 53% of parents admitting ...

Use 401k to pay student debts: US senator

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
US Senator Rand Paul has introduced a radical new plan to allow people to pay off student loan debt using their retirement savings. The HELPER Act is, according to Paul, designed to help Americans pay off student loan debt more quickly and save more ...