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Showing 1661 - 1670 of 14210 results for "Interest"

Coolabah Capital launches new active ETP

ANDREW MCKEAN  |  WEDNESDAY, 27 SEP 2023
... plus 1.5% to 3% per annum, after fees. The fund also seeks to maintain an average A credit rating and focuses on low interest rate duration risk. Coolabah Capital chief operating officer Luke Bouris said: "We're excited to grow our ETP line-up with this ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... the Savings Product was offered, attracting about 700 customers and funds totalling around $1.6 million. To acquire the interest earning investment product, ASIC said customers deposited AUD into a Bobbob account. The AUD deposits were then exchanged ...

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... that customers could access a cash advance from funds listed as 'Available Funds' without incurring additional fees or interest. ASIC deputy chair Sarah Court said: "Customers deserve clear and accurate information about available funds in their accounts ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... circumstances to address knowledge gaps and increase the timeliness of remediations. When calculating foregone returns or interest, RG 277 states that clients must return to the financial position they would have been in had the misconduct not occurred. ...

Treasury outlines plans to boost employment

CASSANDRA BALDINI  |  TUESDAY, 26 SEP 2023
The government has unveiled its plan to overhaul the employment system in its newly released whitepaper, including encouraging older Australians to stay in the workforce by extending the work bonus and introducing a new skills passport. The Working ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
Having reviewed its current scale and potential for growth, the $8.4 billion superannuation fund has confirmed it intends to explore merger options. Following speculation last week, Qantas Super said the board has reviewed the fund's size, growth ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... clients' super funds. ASIC dealt out a three-year ban to David Noel Ruthenberg last July for putting his own best interest first after he recommended they invest in a fund he had interest in. In November 2021, ASIC banned Keith Robert McDermott ...

Nanuk hires from Ellerston

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... in the distribution sphere and energy will support the firm's ongoing growth. "This year, we've seen growing interest in Nanuk's active ETF and managed fund coupled with the recent launch of an AUD currency hedged unit class leading to FUA ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement income covenant. The reforms will mandate trustees to justify ...