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Showing 31 - 40 of 544 results for "Term Deposit"

Australian ETF market hits $206bn: Global X

MATTHEW WAI  |  MONDAY, 2 SEP 2024
The Australian exchanged-traded fund (ETF) sector will likely hit $1 trillion by 2030, accelerating at a faster rate than the US today. According to Global X's Australia ETF Landscape report, the ETF market grew 37.3% over the past year to $206.2 ...

BitConnect promoter hit with good behaviour

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
The promoter of BitConnect who pleaded guilty to spruiking a fraudulent scheme has been handed a good behaviour order and escaped jail time. The District Court of New South Wales ordered John Bigatton on good behaviour for three years, starting from ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... breached DDO by sending product disclosure statements (PDS) for the Firstmac High Livez product to those existing term deposit holders, without first ensuring consistency with its TMD for the product. "ASIC took this case because we were concerned that ...

Morningstar hires fixed income lead from PATRIZIA

ELIZABETH FRY  |  FRIDAY, 14 JUN 2024
... managing structured financial products. At CBA, he ran pricing, acquisition and retention strategies for the $85 billion term deposit book. "We are excited to have Thomas join our team as we continue to build on our research and capabilities, supported ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... above. The fund also introduced two new pre-mixed investment options - moderate and defensive - while closing the term deposit investment option, the conservative balanced (pension) option, and the capital guarded (pension) option. Moreover, new default ...

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
ASIC has issued a fresh warning over the increase in the sophistication of fake bond and term deposit scams. ASIC said scammers are impersonating little-known legitimate financial services businesses, often those without a website or digital footprint. ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... investment that over a 20-year period, there may be four to five years of negative returns. Mine Super will also close its term deposit investment option as well as its remaining conservative balanced investment option for pension members. It closed ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... commence an inquiry." The representations which Mawhinney's lawyers have applied to strike out include the 'Bank Term Deposit Representation', the 'No Risk of Default Representation' and the 'Repayment Representation', which ASIC relied upon when it ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... have over 100 members, more than five years' performance history, still be open to new members and not be a direct term deposit, shareholder, or fixed interest option.

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... providing flexibility for pension payments or unforeseen cash needs," she said. For her retirees, many who love a term deposit, Lusher said recent interest rate rises have been beneficial, offering a welcomed inflow of income compared to the flat returns ...