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Showing 781 - 790 of 6181 results for "Money"

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... Currently, Australian CPI is 6.8% - down slightly from its record high of 7.3%. According to Lowe, preserving the value of money is the chief task of any central bank, and interest rates are the enabling tool. However, he also noted that alternative ...

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
... which has ultimately led to redemptions. For many active managers, such as Magellan, it equates to investors pulling out money, leading to a drop in FUM drops and profitability. In January, Magellan chief executive and chief investment officer David ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... Financial Professionals. All four were banned from providing financial services for five years in November 2019. Much of the money was allegedly used by Linchpin to make loans to itself and then-subsidiary Beacon Financial Group. Daly received loans ...

Australians want super safeguard: ISA

CASSANDRA BALDINI  |  MONDAY, 3 APR 2023
... pandemic could now be $80,000 worse off at retirement, it found. "Australians know the whole purpose of super is to generate money that's preserved for their life in retirement, so it's good to see the government moving to embed this in the law," ...

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
... of risk aversion, which has ultimately led to redemptions. For many active managers, it equates to investors pulling out money, leading to a drop in FUM drops and profitability. During the bull market, some fund managers adopted a certain investment ...

Kapstream wins new mandate

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
... are harmful. Over the last couple of years, Chrystal said Kapstream has "made material advances to ensure that all client money entrusted to us is deployed responsibly and where possible drives positive social and environmental outcomes, and importantly ...

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 ...