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Showing 71 - 80 of 5787 results for "Money"

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... entitled to the same level of financial support regardless of the option chosen. "Superannuation is not the government's money, it is not the superannuation industry's money, it is your money. The Coalition believes Australians should have the ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... of Australians are protected from the whims of ideology and providing certainty to people who have worked so hard to set money aside," Delahunty said. She said key design elements, especially preservation, have been crucial in in delivering outcomes ...

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... necessary to achieve long-term support for New Zealand's ageing population, with the government expected to start withdrawing money from the fund in 2035 to help pay for superannuation payments. Canada's CPP Investments was closest to NZ Super among ...

ASIC issues warning over shoddy DDO practices

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
... target market requirements. In one example, ASIC found a CFD issuer that required a consumer to confirm they had enough money to meet their living expenses despite the consumer previously indicating in the questionnaire that they were unemployed. "We ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
... total, 74 clients gave Sandiford $440,909. Only $6316 was ever paid back to investors. Sandiford was found to have used the money to fund his own lifestyle, including gambling and personal entertainment expenses. The judge described his conduct as "brazen" ...

VanEck to launch defence ETF

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
... offer a range of investment opportunities so investors can make their own decisions about where they wish to direct their money." The launch of DFND brings VanEck's total number of ETFs on the ASX to 43.

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of Deloitte as receivers and managers of Keystone Asset ...

Mercer Super reorganises leadership, chief executive changes roles

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... said Mercer Super is ideally placed in the market to harness its local knowledge and global scale, delivering "value for money" and "strong investment outcomes for members." "I feel incredibly proud and privileged to lead the Mercer Super business in ...

Former Courtenay House director sentenced

MATTHEW WAI  |  TUESDAY, 3 SEP 2024
... Iervasi raised around $180 million from about 580 investors, promising high returns from futures and FX trading; much of the money was used to fund his lifestyle, with just 3% of the funds actually traded, ASIC said. Iervasi was the sole director of ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... experts at an ASIC roundtable. The roundtable panellists, which included financial adviser Andrew Dunbar, She's on the Money podcast host Victoria Devine, and was facilitated by finance commentator Effie Zahos, agreed that the current language and ...

Editor's Choice

Ausfood Super appoints chief executive

ELIZABETH FRY
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.

mFunds sparked ASX outage, $1m credit issued

KARREN VERGARA
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.

Aussie shares cost 8% more on rebalance days: Dimensional

KARREN VERGARA
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.

Rest appoints first-ever chief of staff

ANDREW MCKEAN
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.

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