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Showing 1691 - 1700 of 5241 results for "Money101"

AUSTRAC zeroes in on Afterpay

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
Tech-darling Afterpay is feeling the regulatory heat after AUSTRAC ordered an audit of the fintech's compliance with Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) laws. AUSTRAC said an external auditor will examine Afterpay's governance ...

More Australians retire with big mortgages

ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
New research analysing Australian Bureau of Statistics microdata shows that more Australians are retiring owing money on their mortgage. The portion of homeowners between ages 55 and 64 that owe money on mortgages has tripled since 1990 - from 14% to ...

MAX awards recognise industry excellence

HARRISON WORLEY  |  FRIDAY, 14 JUN 2019
More than 280 guests attended the 2019 Financial Standard Marketing, Advertising and Sales Excellence (MAX) Awards in Sydney last night, to recognise individuals and organisations in the wealth management industry. In its 24th year, the MAX Awards demonstrated ...

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... best less than 1% of the $130 billion millennial superannuation market." Biggest players The biggest players are Virgin Money ($520 million in assets under management), Future Super ($350 million), Mobi Super ($220 million) and Spaceship ($215 million). ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
The University of New South Wales' business school is starting a two-year research project on reverse mortgages to find why their uptake has been slow in Australia. Reverse mortgages allow retirees to borrow money against their homes to supplement ...

Frat house ponzi scheme charged

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
... had asked for their money back, the hallmark of a ponzi scheme. "[He] even instructed some new investors to send their money - unwittingly - to existing investors through payment applications such as Venmo, Zelle, and Cash App, and misleadingly told ...

Downgrade follows fund manager YouTube apology

ELIZABETH MCARTHUR  |  FRIDAY, 7 JUN 2019
Morningstar has downgraded a hedge fund facing liquidity issues. The move follows a sombre apology to investors from the fund manager delivered via YouTube. Neil Woodford issued a YouTube apology to investors whose money is currently frozen in Woodford ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
Age pensioners may be able to borrow up to $54,000 against their family home from July 1 but retirees must weigh individual circumstances before applying for the revamped Pensioners Loan Scheme, says AMP. The scope of the Pensioners Loan Scheme, which ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... will be spent or saved. But with mounting concerns over the Australian economy, households would rather spend the extra money - from the tax stimulus and the RBA rate cut - to shore up savings instead. Spending can wait! Consumer prices aren't rising ...

Impact investing an advice opportunity: Expert

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
An impact investing expert believes the principle offers financial advisers with an opportunity to engage people who might deem investing to be too complex for them. Speaking in Sydney yesterday, WHEB Asset Management managing partner George Latham ...