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Showing 541 - 550 of 4538 results for "Dollar"

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... prevent money laundering as it expanded operations in the Baltics. China had the second most banks fined in 2020, but by dollar amount it came in eighth. A total of seven Chinese banks were fined in 2020, but they only paid US$83 million.

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign. Filed in the Federal Court in December 2020, this makes the fifth class action launched ...

Real AM considers listing new REIT

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
Real Asset Management (RAM) said it is considering listing an essential services REIT on the ASX next year after acquiring three regional hospitals for $100 million. The hospitals, previously owned by Canada's Northwest Healthcare Properties, include ...

Vanguard fund hits US$1trn

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... invests in many asset classes outside of equities, only just hit $200 billion and is estimated to not reach the trillion-dollar mark until 2027.

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
... larger funds, insurers estimated that super members with default insurance will be paid up to 79 cents in claims for each dollar of insurance premiums they were charged over the six-year period to FY 2018-19. "Many Australians hold life insurance through ...

How far are we from a trillion-dollar super fund?

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
AustralianSuper's total assets ticked up to $200 billion, after a record-new 400,000 signups in FY20 and strong performance. As at November-end, it had over 2.3 million members from around 330,000 businesses, implying about 10% of Australia's ...

Dollarmites faces more backlash

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
Commonwealth Bank's lucrative Dollarmites program has taken another blow as Victorian schools have banned such programs in favour of financial lessons. Dollarmites came under fire in 2018 when ASIC began a review into school banking programs. In its ...

IOOF ups costs for self-employed advisers

ELIZA BAVIN  |  TUESDAY, 1 DEC 2020
Self-employed financial advisers working with IOOF will have to pay more for the same services under the new IOOF structure which will focus the business on three key pillars in the advice space. Speaking to investors today, IOOF chief advice officer ...

Magellan adds to board

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
... High Conviction Trust to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Magellan is restructuring its retail global equities funds to create a $15 billion fund that will combine ...

Magellan axes currency hedging in trust

ANNABELLE DICKSON  |  THURSDAY, 26 NOV 2020
... currency hedging strategy to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Magellan High Conviction Trust will move to an unhedged approach to foreign currency exposures while ...