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| | | ... ABC, the National Anti-Scam Centre received reports of almost $8 million in losses related to GIM since the start of 2024. One investor lost $750,000, while another lost $200,000 in life savings. "Bank records from GIM investors show they paid large ... |
| | | | ... they save for their retirement," he said. Data from the report highlighted rising participation from younger Australians as one of the major factors driving SMSF growth. Millennials (30-44) accounted for 37.3% of new establishments, reflecting growing ... |
| | | | ... the fund, saying he wishes ART and its members all the best. "It's been an honour and a privilege to lead ART to become one of the largest retirement savings and income funds in Australia and a prominent global institutional investor. I'm very ... |
| | | | ... substantial sums of money, would not seek appropriate legal advice about obtaining an AFSL when it had clearly occurred to him that one might be necessary," Justice Derrington added. |
| | | | Diversa is closing one of its superannuation funds following a rapid decline in member accounts and funds under management. The Personal Choice Private Fund is being terminated and is expected to be wound up by 30 June 2026. All member accounts must ... |
| | | | ... children and caring for aged parents. Single mothers specifically recorded the second lowest of all tested groups, with only one in five in their 40s feeling financially confident about retirement. Partnered Australians feel more confident about retirement ... |
| | | | ... it's a strategic imperative, they will start, and have started looking over in Australia, UK and other markets," she said. One good example is Corient, which was previously known as CI Financial and is poised to boast US$430 billion in AUM. "A few ... |
| | | | ... been undertaking in this area are among the most complex and resource-intensive investigations we've conducted. It is one of ASIC's priorities to investigate what has happened and to preserve as much of investors' funds as possible while ... |
| | | | ... by Keystone Asset Management in April 2024. Of the four investment options, three were marked down by close to 50%, while one - the High Growth option - was marked down by 75%. Equity Trustees said it could be 18 months before victims receive any distributions ... |
| | | | ... crunching retirees' wallets and increasing uncertainty on how much they can spend in retirement balances, and dreams," she said. One of issues hampering retirement stability includes over-estimating how much time it takes for individuals to build their ... |
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