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Showing 481 - 490 of 1941 results for "SAFE"

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... including a Sirius Financial investor, who had limited knowledge of the market, losing over $400,000 after being told CFDs were a safe investment." The investigation also found that, in failing to take adequate steps to address Toyga's conduct, Sirius ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... significantly reduce the cost of providing advice," the AFA said. Choice has opposed any change to the Best Interests Duty safe harbour until ASIC has provided empirical evidence that shows it is ineffective. "Seemingly they are oblivious to what is ...

Young Australians more 'super savvy': Equip

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... future. Cameron said it should remain important for young Australians to take charge of their future by thinking about securing safe and comfortable financial prospects as early as possible. "The past two years have been immensely difficult for young ...

Neobank Volt closes its doors

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... process," the statement confirmed. APRA is closely monitoring the return of funds and all customer deposits held with Volt remain safe and are guaranteed by the government up to $250,000 per account holder under the financial claims scheme. Volt said ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... important role to play in reducing this pressure." Additionally, the submission also made recommendations for the removal of the safe harbour steps from the Corporations Act and clarity on what is needed to satisfy the best interests duty. A profession-wide ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Melbourne-based BTC Markets has become Australia's first crypto exchange to successfully go through the full AFSL application process, via sister company BTCM Payments. BTC Markets said the AFSL will enable it to further bridge the crypto and traditional ...

3iQ introduces inaugural Australian products

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
3iQ Digital Asset Management has chosen Cboe Australia to launch its inaugural Australian products. From today, the fund manager will offer Bitcoin and Ethereum ETFs to Australian investors on the Cboe Australia exchange. The funds are designed to provide ...

AGL abandons demerger, leadership resigns

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
Following shareholder opposition underscored by ESG concerns, AGL will no longer pursue a demerger; a move that sees the departure of its chief executive Graeme Hunt and chair Peter Botten. Today, AGL board of directors announced the company would withdraw ...

BUSSQ appoints new chair

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... that same month, with the fund ultimately deciding to continue with its existing structure, assuring members the fund is in safe hands. Three new directors were appointed in March in Geoff Baguley, Paul Hick and Taylor, then this month saw the return ...

No place for crypto in insto portfolios: PGIM

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... benefit to be gained by an institutional investor. The research found crypto is an unreliable diversifier and an inadequate safe-haven asset or inflation hedge; gold performs better on this front and has done so since the 1970s, PGIM said. It also found ...