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Showing 751 - 760 of 6145 results for "Money"

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... abetting the crypto exchange. "For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and avoid compliance," said CFTC chair Rostin Behnam. "This should be a warning to anyone in the digital asset world ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
The potential super shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... was commenced, alongside comprehensive cybersecurity protocols and enhanced network monitoring. Notably, it said that no money was taken from member accounts. "Importantly, member super savings and the fund's assets remain secure on a separate platform. ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... consolidated about 4.7 million accounts with about $7.1 billion in it," she said. "While we're doing a lot to try and get that money back to where it belongs, there is still $16 billion sitting in both lost accounts which you hold, or unclaimed super ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... 20th century three-stage life but within this world, the population will need to start thinking in different ways and shift money between periods. Scott said: "The other thing I think it's really important to stress here is because longevity is about ...

The four stages of retirement

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
... stage, Kuestenmacher said: "You have a new purpose and if you manage your super savings, the right way, you even have the money that you need for it." At the end of the day, Kuestenmacher said, that's the goal of super. "The goal is actually creating ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... areas were selected as previous reviews by ASIC found some trustees that offered insurance that didn't provide value for money or that funnelled members into cover they were unlikely to be able to claim on. ASIC was also concerned that some members were ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Virgin Money Super is increasing insurance premiums on death and TPD cover from April 22. Members have been notified that premium rates per week, per unit of death only cover will increase from $0.41 to $0.55. For death and TPD will increase from $0.67 ...

Super funds have the power to make change: Advocates

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... housing is one way to help achieve a decent retirement standard for more Australians. "Your members need to be able to have money in their pocket, but also to only spend a reasonable proportion of it on their housing costs, so investing in housing would ...

The unique experience of a single woman

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... five years. Surviving on one income can throw a spanner in the works, even for the very best budgeter, explains Master Your Money Now financial planner Sok Lay. "Being a single woman, you have to make bigger purchases alone, like a house and then you're ...