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Showing 461 - 470 of 6175 results for "Money"

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... necessary to achieve long-term support for New Zealand's ageing population, with the government expected to start withdrawing money from the fund in 2035 to help pay for superannuation payments. Canada's CPP Investments was closest to NZ Super among ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... target market requirements. In one example, ASIC found a CFD issuer that required a consumer to confirm they had enough money to meet their living expenses despite the consumer previously indicating in the questionnaire that they were unemployed. "We ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... total, 74 clients gave Sandiford $440,909. Only $6316 was ever paid back to investors. Sandiford was found to have used the money to fund his own lifestyle, including gambling and personal entertainment expenses. The judge described his conduct as "brazen" ...

VanEck to launch defence ETF

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
... offer a range of investment opportunities so investors can make their own decisions about where they wish to direct their money." The launch of DFND brings VanEck's total number of ETFs on the ASX to 43.

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of Deloitte as receivers and managers of Keystone Asset ...

Mercer Super reorganises leadership, chief executive changes roles

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... said Mercer Super is ideally placed in the market to harness its local knowledge and global scale, delivering "value for money" and "strong investment outcomes for members." "I feel incredibly proud and privileged to lead the Mercer Super business in ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... Iervasi raised around $180 million from about 580 investors, promising high returns from futures and FX trading; much of the money was used to fund his lifestyle, with just 3% of the funds actually traded, ASIC said. Iervasi was the sole director of ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... experts at an ASIC roundtable. The roundtable panellists, which included financial adviser Andrew Dunbar, She's on the Money podcast host Victoria Devine, and was facilitated by finance commentator Effie Zahos, agreed that the current language and ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... "If there is a product that is set up by the trustee and it turns out to be in some way flawed and people lose a lot of money, there is no remedy. That worries me a great deal." Levy said super trustees are already grappling with difficult legal obligations ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... surface. There is so much more that needs to be unearthed, including what really went wrong at Dixon Advisory and how so much money was lost by clients in the E&P Financial Group's US Masters Residential Property Fund (URF). Getting to the bottom ...