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Showing 521 - 530 of 3971 results for "USI"

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Former financial adviser John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
The BlackRock ETF filing with the Securities and Exchange Commission (SEC) has been touted by Magnet Capital co-founder Egor Sidelska as the most significant institutional event in Bitcoin history. Sidelska said the BlackRock ETF filing is a definitive ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
An overwhelming number of investors believe ChatGPT will provide accurate financial advice, flagging they will lean on artificial intelligence as their trusted adviser in the future. According to the Investor Index study of 1100 UK investors with a ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

Forrests boost Minderoo by $5bn

CHLOE WALKER  |  WEDNESDAY, 21 JUN 2023
Andrew and Nicola Forrest donated 220 million Fortescue Metals shares to their own philanthropic foundation, Minderoo. The bequest of nearly $5 billion - about one-fifth of their shareholding - takes the foundation's endowment to about $7.6 billion ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
As the government unveils a raft of updates to the superannuation performance test, due to take effect in August, some trustees are worried that it subjects Choice products to a rigid criterion. As previously flagged, all products will be subject to ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
The world's sovereign wealth funds (SWFs) have doubled their assets under management in the last decade. Preqin's latest Sovereign Wealth Funds 2023 report shows AUM held by funds now totals US$10.4 trillion, as at March end. Notably, US$4.3 trillion ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
A former financial adviser is facing several charges of dishonest conduct and dealing in proceeds of crime after he convinced clients to open SMSFs to invest in businesses he owned, all while operating unlicensed. Ashley Vincent Arandez fronted the ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
Inflation is a looming threat to retirement incomes, so it's no surprise financial advisers are rotating toward more dynamic strategies. According to a report penned by Challenger and Ensombl, inflation is fast becoming the number one threat to ...