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Showing 61 - 70 of 3531 results for %22Accounts%22

New global retirement unit at T. Rowe Price

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
With roughly two-thirds of its assets under management now held in retirement or related accounts, T. Rowe Price is establishing a team dedicated to the development of new products and services for the space. T. Rowe Price said the business unit will ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... was found to have told prospective clients that his business could invest their funds in Macquarie Bank Cash Management accounts and guarantee them annual returns of 8%. He then was found to have used those clients' funds for personal expenses without ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... further exploited his position as director of Secure Investments, extracting more than $550,000 from the company's accounts to purchase shares in a security company for his personal benefit. ASIC froze the assets of Naseeruddin's companies in ...

BlackRock grows private credit business

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
... Australia where he was involved in transaction restructuring of distressed corporate, real estate and leveraged finance accounts in their business support unit. BlackRock head of Australasia Andrew Landman said institutional investors and superannuation ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... July, Colonial First State's Avanteos Investments made the decision to close encircle Super and transfer all member accounts to Centric Super. The decision was driven by a need to reduce costs to members via increased scale and consolidation, a CFS ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... "Those documents have been shown by the receivers to be fraudulent," Chapman points out. "Among other things, the CommSec accounts did not have the right number of digits. Authentic accounts usually have eight digits, while Caddick's accounts had ...

New enhancements to Expand, CFS Edge

CHLOE WALKER  |  THURSDAY, 14 DEC 2023
... enhancements to the Expand Essential menu are expecting in April next year, including a full suite of separately managed accounts (SMAs). Elsewhere, the Accelerate Series, now available on CFS Edge, combines reduced investment fees with discounted administration ...

Hostplus ups fees on socially responsible option

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
... external managers. "Though the performance fees are higher, it means these investments have added value to members' accounts overall," Hostplus said. In the year to June 30, the option achieved a return of 7.85%. Its return target is rather conservative ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... longer time horizons of young investors. Notably, Australians under the age of 40 account for over 10 million MySuper accounts, indicating an investment timeframe of 25 to 40 years before their superannuation becomes accessible. "The problem of being ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... fined $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings ...