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Showing 191 - 200 of 6142 results for "Money"

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... highest figure of $51.7 billion spread across 254,740 members. It is followed by AustralianSuper with $42.7 billion in idle money and ART with $30.6 billion. AustralianSuper has 515,390 inactive accounts while ART has 364,750. MLC Super, AMP Super and ...

Family offices stand firm on sustainable investing

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... than half of their portfolio to sustainable opportunities. Many are strongly committed to impact investing and want their money to contribute to solving issues, while other family offices said they want to maximise or support entrepreneurs. Alternatives ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... gave "no proper consideration of how obligations to investors would be met, with his only plan being to raise more and more money from investors." "The simple fact is that, in circumstances where the Mayfair Group was in serious financial trouble, Mr ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... Financial Complaints Authority (AFCA) pertaining to its representatives' alleged roles in the loss of $1 billon of investor money. InterPrac managing director Garry Crole said super funds' Operational Risk Financial Requirement (ORFR) should be activated ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
... concluded that the appellants did not prove any loss, and there was no award of damages. The two class actions related to anti-money laundering and counter-terrorism financing (AML/CTF) and claimed shareholders had suffered due to CBA's alleged conduct. ...

FEATURE: Hyped up

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... DeepSeek proves that it can do more for less, big investors such as superannuation funds and fund managers are waging serious money on critical AI infrastructure that eats up endless energy and vital to powering its American counterparts like ChatGPT. ...

Binance names head of APAC

MICHELLE BALTAZAR  |  THURSDAY, 4 SEP 2025
... BitPanda. Industry watchdogs are never far behind. Last month, AUSTRAC raised serious concerns about the company's anti-money laundering and counter terrorism financing (AML/CTF) controls, ordering an independent audit. Binance has more than 250 ...

Schroder urges 'open dialogue' with government

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
... be an engine room of Australia's sustained prosperity is unrealised. "Members carry the investment risk, and it is their money. The solution requires government and funds to come together in open dialogue about how to better balance risk and make projects ...

Using super as 'piggybank' would be a 'disaster': Schroder

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... members if governments told super funds what they should invest in. "Members carry the investment risk, and it is their money," Schroder said. "We must break the piggybank mentality. Super is not a trillion-dollar fix-all. It cannot - and should not ...

Three retirement products achieve double-digit returns

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... State's (CFS) Essential Super Personal Lifestage 1980-84 topped the list with 12.4% p.a. over a three-year period. Virgin Money's SPD - LifeStage Tracker 1974-1978 returned 12.1% p.a. and Aware Super's Personal High Growth option turned in 10.3% p.a. ...