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Showing 211 - 220 of 5864 results for "Money"

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 ...

Liberals respond to Federal Budget

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... superannuation to buy their first home and extended this policy to separated women to help restart their lives. However, the money initially withdrawn from superannuation would need to be returned when the house is sold to support retirement. The Association ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... balanced view of the benefits and risks, helping consumers make well-informed decisions. Notably, 80% of customers lose money when investing in CFDs. It also warned social media influencers, who promote a "regulated financial product or service" without ...

Value versus growth: Market expectations in 2024

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... hikes in 2022, but the actual increases were much higher: a major adjustment. He said this new reality, where the cost of money was substantially higher than during the COVID-19 period, was a big headwind for growth stocks. However, by the second half ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... tax cuts replace the original Stage 3 tax cuts which were legislated by the former government. "The tax cuts will put more money into the pockets of taxpayers, especially low- and middle-income taxpayers, and provide welcome relief from the surging cost ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... with human advice. "But do I see a day where the banks will use a digital service to help customers be smarter with their money," he said. Juniper's start-up helps advisers deliver efficiency and personalisation in their work. It connects advisers' tech ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...