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Showing 241 - 250 of 5885 results for "Money"

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 ...

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... transferred to your nominated complying superannuation fund. If you do not nominate a superannuation fund, we may transfer the money to the Australian Tax Office in accordance with relevant legislation," the insurance firm told consumers. ClearChoice ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey. An overwhelming number of participants in the 2024 ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... performed between one and 49 checks, while two trustees conducted more than 50. "Super trustees are responsible for members' money held within the fund. Effective trustee oversight practices can help mitigate risks and protect superannuation members ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... enforcement priority for ASIC, we expect trustees to communicate proactively with members, deal responsibly with members' money, and deliver good value for money. This is regardless of the phase of membership of the member," a spokesperson said. ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool ...

FSC launches digital advice group

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
The Financial Services Council (FSC) continues to expand into financial advice by taking on a digital advice association that flagged its formation one year ago. The Digital Advice Expert Group is now part of the FSC, founded by moneyGPS chief executive ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... offerings for Super Savings and QSuper account holders. This means Super Savings account holders will have more of their money invested in growth assets for longer, which is expected to have higher returns over the long term for members of all ages." ...

Sequoia chief's job at stake in upcoming EGM

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
... business with a focus on reviewing each of the current businesses units and strategically assessing those that are losing money or not garneting a sufficient return on the funds employed," the disgruntled shareholders said. "We believe that the end goal ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... dealing with problems of unsuitable applicants or corruption. "The screening process also deals with individual character and money laundering. Roughly a third of applicants are either knocked back or withdrawn, demonstrating the rigorous screening of ...