Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 571 - 580 of 6227 results for "Money"

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
... Ryn to pay $1.4 million dollars in damages along with the victim's legal costs. But he may never see a cent of this money because the legal loophole by which offenders can hide their assets in superannuation accounts, which are protected from creditors ...

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... income. Between 20 April 2020 and 31 December 2020, the ATO received 4.78 million applications totalling $39.2 billion of money yanked out of the super asset pool. It approved 4.55 million applications that amounted to $37.8 billion. The Australian Federal ...

Freshwater Wealth launches

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... challenges. "Demand is extremely high and there is a huge opportunity with retirees, women and those who have inherited money or who are facing an illness, to provide a service that focusses on achieving clients' goals and maximising available opportunities ...

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... the 340 total mandates that were awarded at the end of March 2022, as super funds chose to appoint themselves to manage money. Analysing mandates awarded from three years ago to the end of December 2023, Rainmaker reports that AustralianSuper is the ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
... reports of super funds will come under ASIC's regulation. "It's an important milestone. Investors fairly want to know if their money is working in the way they intend it - whether they've placed it on the stock market or they've placed it in their super ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... yet announced a "supply policy," Bragg said that on the demand side, they believe people should be able to use their own money to purchase their first home. "Where super funds and foreign fund managers are given tax concessions to participate in what's ...

Liberals respond to Federal Budget

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... superannuation to buy their first home and extended this policy to separated women to help restart their lives. However, the money initially withdrawn from superannuation would need to be returned when the house is sold to support retirement. The Association ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... balanced view of the benefits and risks, helping consumers make well-informed decisions. Notably, 80% of customers lose money when investing in CFDs. It also warned social media influencers, who promote a "regulated financial product or service" without ...

Value versus growth: Market expectations in 2024

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... hikes in 2022, but the actual increases were much higher: a major adjustment. He said this new reality, where the cost of money was substantially higher than during the COVID-19 period, was a big headwind for growth stocks. However, by the second half ...