TikTok has officially banned users from promoting financial products and services including cryptocurrency, and has additionally issued a ban on advertisements for cryptocurrency products and exchanges.
In an update to the company’s Branded Content Policy over the weekend, all financial services and products have been added to the banned list.
“All financial services and products are prohibited, including but not limited to lending and management of money assets, loans and credit cards, buy now pay later (BNPL) services, trading platforms, cryptocurrency, foreign exchange, debit and pre-payment cards, forex trading, commemorative coins, pyramid schemes (including non-financial services),investment services, credit repair services, bail bonds, debt assistance programmes, get rich quick schemes, debt consolidation services and penny auctions,” the policy now reads.
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3-month wait lifted for final FASEA exams | Professional Planner
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‘A long-term game’: How this fund is seeing results from in-house investment By Sarah Kendell 07 July 2021
As the trend towards bringing investment teams in-house continues, a major industry fund has credited its record performance for the 2021 financial year to increasing efficiencies and sharper reactions to market swings as it jettisons external managers.
Construction industry fund Cbus, which manages $59 billion on behalf of 765,000 members, revealed it had generated a 19.34 per cent return for its growth option in FY21, the best annual performance figures in the fund’s 37-year history.
Cbus, which has moved to managing 35 per cent of member investments in-house, also picked up former APRA head of investment risk Mark Ferguson as its new head of total portfolio management this week, in what the fund said was another plank in the implementation of its internalised investment structure.