Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 971 - 980 of 6146 results for "Money"

LGIA upgrades anti-money laundering tech

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
Newly merged super fund, the $24 billion LGIAsuper, has selected a technology partner to provide anti-money laundering services. The fund chose Napier's Transaction Monitoring and Client Screening tools as part of an upgrade of its anti-money laundering ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... which would you own?" "[Think] about the business and how much conviction you have that you're not going to lose your money; it's 100% safe, you're pretty confident you are going to get a very high rate of return or satisfactory rate of return ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... mandate is shared with Dimensional. Meanwhile, First Sentier Realindex scored a mandate from Cbus and Harris Associates saw money from AustralianSuper. "These super funds are amongst the biggest, best performing and lowest cost super funds in Australia. ...

Caddick's cars head to auction

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... being in a position to return monies to investors," Gleeson said. It's estimated about $26 million of investors' money disappeared when Caddick did in November 2020. In February 2021, human remains were found on a beach on the New South Wales ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
RI Advice was slapped with a $6 million penalty for failing to keep tabs on a representative who invested clients' money in risky and complex financial products. The Federal Court found that RI Advice failed to take the appropriate steps to ensure ...

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... overnight, APRA's June 2021 Superannuation Bulletin reveals that super funds paid out $16.5 billion of members' money based on compassionate grounds, affecting a total of 2,028,000 member accounts. While this is a substantial amount, it is 3.5% ...

Aussies shell out $51m on crypto fees

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... investors of all ages want a piece of the action. Crypto enthusiasts are typically very savvy and see fees as a waste of money," he said. ASIC is warning self-managed super funds about the increased number of cryptocurrency investment scams. "It is best ...

Advised clients' major concerns in 2022

KARREN VERGARA  |  FRIDAY, 28 JAN 2022
... bottom, RP Wealth Management principal and wealth adviser Ronald Pratap said this is a positive drawcard for people borrowing money, but an issue for those investing money - particularly retirees. "Retirees tend to be conservative investors. But with ...

Federal Reserve mulls central bank digital currency

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... and risks of a CBDC and identifies specific policy considerations. Consumers and businesses have long held and transferred money in digital forms and the forms of money used in those transactions are liabilities of private entities, such as commercial ...

Inflation to retreat in 2022: Fund manager

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... "Central banks are currently trying to balance the need to support economies with a growing need to bring up the cost of money, which has been abnormally distorted by COVID-19," he said. "In short, this is the lift-off point for interest rates out of ...