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Showing 831 - 840 of 6146 results for "Money"

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... occurred over a substantial period of time and affected a large number of customers, leading to a significant amount of money needing to be remediated, the presiding Justice O'Callaghan said. "There was also a significant delay in identifying impacted ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... little bit more on the term deposit, but it's not a lot," Knox said. "And of course, for pensioners, who have very little money other than the pension, there's no change. The government is not physically handing out lots of money to pensioners. ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... on close to 121,000 occasions and to the tune of more than $4.3 million; failure by both companies to comply with client money reconciliation requirements; failure by both to provide accurate confirmations to customers for certain transactions; and CommSec ...

Retirees are silent casualties of inflation: Challenger

ANDREW MCKEAN  |  MONDAY, 24 OCT 2022
... Aaron Minney says that many must now rethink their whole approach to wealth management. "Given retirees have to make their money last, on average, for around 24 years compared to 13 years in the 1970s, finding a solution is critical to the health of ...

Former AUSIEX chief to join Investment Trends

CHLOE WALKER  |  FRIDAY, 21 OCT 2022
... Investment Trends research director Dougal Guild said that with interest rates on the rise, the proportion of new client money going into cash, term deposits and other fixed income products has increased by 43% this year, the highest it's been in ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... said. "Transparency has been key to increasing the discipline on trustees to ensure they are always managing members' money in their best interests." Byres cited that the transparency afforded by APRA's heatmaps and the performance test has been ...

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... $1.81 billion of this is in managed funds and $4.37 billion is in superannuation. The manager now holds no institutional money following a final redemption by an institutional client that amounted to $183 million. Excluding the redemption, the business ...

AMP debuts hybrid retirement solution

ANDREW MCKEAN  |  TUESDAY, 18 OCT 2022
... have an adviser in the centre of the conversation. "So we're focused on a customer problem, which is they're not spending money in retirement and the critical role advisers play in setting investment strategy, setting deferral periods for income and ...

Super fund satisfaction takes hit

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2022
... to retire or in retirement, only 59% of those aged over 55 said they had a high degree of confidence they'd have enough money to be comfortable. Further, 33% said their fund didn't empower them to plan and prepare for retirement; last year one in four ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
... of small funds remaining in this industry that have relatively small number of members and a relatively small amount of money under management. "So, in terms of ongoing consolidation for the foreseeable future, I don't think we feel that there are ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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