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Showing 811 - 820 of 3177 results for "ACTU"

Robo users double down during COVID-19

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
Robo advice provider Six Park saw a significant increase in users topping up their accounts during March and April, as COVID-19 rocked markets. In a normal period, Six Park sees about 10-15% of users top up their accounts over a two month period. But ...

German fintech goes bust, $2.9bn gone

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
German fintech Wirecard, has filed for insolvency after revealing over $2.9 billion in cash missing from its balance sheet didn't exist. The company's former chief executive Markus Braun was arrested days after stepping down over allegations of inflating ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
ASIC has reported an increase in investment scams during the COVID-19 pandemic, with most cryptocurrency "opportunities" in particular panning out to be outright scams. The corporate watchdog saw a 20% increase in scam reports from March to May this ...

Property investors should diversify: FSI

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
First Sentier's head of global property securities is urging investors to take a diversified approach to property, as some sectors fare better than others in the COVID-19 economic wash-up. First Sentier head of global property securities Stephen Hayes ...

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
AMP Life has appointed a chief investment officer and a deputy, as its sale to Resolution Life crosses New Zealand central bank's concerns raised last July. The sale was first announced in October 2018 for $3.3 billion and the completion date set for ...

Fixed income investors get new ESG rating

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
Global responsible investment manager Insight Investment has introduced a new ESG risk rating for fixed income products, which it claims covers around 95% of companies in global investment grade indices. The firm's new ESG risk rating tool provides ...

Life insurers fork out more for mental health

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
The Australian Securities and Investment Commissions has asked 13 managed funds to fix their advertising, and is threatening the wider sector with enforcement action for misleading claims. ASIC says it forced seven responsible entities and 13 funds ...