Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 5660 results for %22Money%22

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... Commission, is more likely to be $4.9 trillion based on CoreData Research. This excludes $3.7 trillion of superannuation and money in savings accounts that aren't easily quantifiable. "It's the biggest financial change in the history of Australia ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... be gambling as a "matter of ordinary English." He referenced the Macquarie Dictionary, which defines gambling as risking money on an outcome involving chance. O'Callaghan also rejected Active Super's claims that an ordinary or reasonable consumer ...

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
... they're cutting back their spending, whereas older people make bank and increase their spending because they have more money because a higher inflation rate works for them," he said. "How is that fair or just or equitable?" Bullock reinforced that ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... Ryn to pay $1.4 million dollars in damages along with the victim's legal costs. But he may never see a cent of this money because the legal loophole by which offenders can hide their assets in superannuation accounts, which are protected from creditors ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... income. Between 20 April 2020 and 31 December 2020, the ATO received 4.78 million applications totalling $39.2 billion of money yanked out of the super asset pool. It approved 4.55 million applications that amounted to $37.8 billion. The Australian Federal ...

Freshwater Wealth launches

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... challenges. "Demand is extremely high and there is a huge opportunity with retirees, women and those who have inherited money or who are facing an illness, to provide a service that focusses on achieving clients' goals and maximising available opportunities ...

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... the 340 total mandates that were awarded at the end of March 2022, as super funds chose to appoint themselves to manage money. Analysing mandates awarded from three years ago to the end of December 2023, Rainmaker reports that AustralianSuper is the ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... reports of super funds will come under ASIC's regulation. "It's an important milestone. Investors fairly want to know if their money is working in the way they intend it - whether they've placed it on the stock market or they've placed it in their super ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... yet announced a "supply policy," Bragg said that on the demand side, they believe people should be able to use their own money to purchase their first home. "Where super funds and foreign fund managers are given tax concessions to participate in what's ...
PREVIOUS
NEXT