The regulator ASIC is warning retail (smaller) investors to be cautious when investing in fixed-term products that directly compare themselves to bank term deposits. It is seeing a surge in marketing and advertisements for fixed-term investment products ...
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... Bank accounts become unclaimed after seven years if the account is inactive, meaning there are no deposits or withdrawals. ASIC holds the money from bank, credit union and building society accounts that have not been used in seven years and contain a ...
To say that 2020 has been a big year so far for everyone would be an understatement, given that many of us have had to contend with fires, floods and, of course, the COVID-19 pandemic. If we combine this with the current uncertainty around the economy ...
... a one-year period used to be $15,000, but was increased last year by the Australian Securities and Investment Commission (ASIC) to $30,000 to give small mum and dad investors the same terms and conditions as corporations. Kogan, among other examples ...
... off the back of an investigation into Henderson and his business by the Australian Securities and Investment Commission (ASIC) following the Hayne Royal Commission. They allege Henderson claimed to hold a Master of Commerce degree, which was included ...
... the current uncertain and volatile markets, higher risk investment products are, more than ever, not for everyone," says ASIC deputy chair Karen Chester. Investors should query products that claim to be like a term deposit. Bank term deposits are low ...
... been telling tenants to access their superannuation under hardship provisions to pay their rent, only to be slapped down by ASIC threatening fines of up to $126,000 for what constituted unlicensed financial advice. As well, help to pay the rent is still ...
I am a 60-year-old female and am currently working a four-day week, which earns me $57,000pa. I salary sacrifice the maximum amount into super and have a balance of $520,000 in a conservative account. I would like to know if a transition to retirement ...
... to and your money should be consolidated within a few days. However, the Australian Securities and Investments Commission (ASIC) says you should check things such as exit fees and insurance coverage before you switch as you don't want to be worse ...
... money on higher fees and unnecessary or unused services." MLC Nominees and NULIS are also facing a Federal Court action from ASIC alleging the trustees misled MasterKey super members. ASIC is alleging that NULIS and MLC deducted approximately $33 million ...
