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Showing 31 - 40 of 12117 results for "member"

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... representing about eight million members and $923 billion in assets. Between April 2022 and March 2023, it found that 476,452 member accounts were charged $990.4 million in advice fees by 1803 licensees. It also found that some trustees have advice fee ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... Meanwhile, corporate regulator ASIC said that the matter "predominantly concerns APRA," but offered a general comment on member services failures. "Member services failures are an enforcement priority for ASIC, we expect trustees to communicate proactively ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
Super Members Council (SMC) has slammed the Coalition's plan for young Australians to use their super for a house deposit, saying new modelling shows it could cost taxpayers a cumulative $1 trillion. SMC said even a policy which capped super withdrawals ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
... slightly, with investment fees and costs going from 0.53% to 0.54%, and transaction costs rising to 0.05% from 0.02%. For a member with $50,000 invested in the MySuper Consolidating Lifestage option, they'll now pay $468.40 - $4.40 more per year. The ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
The litigation funder of the AMP Buyer of Last Resort (BOLR) class action is negotiating its cut of the settlement money and could take home as much as $43 million. A notice of proposed settlement from the Federal Court shows the funder, Augusta Pool ...

REI Super updates Conservative option

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
REI Super is rejigging its Conservative investment option and will change the name to "Growth Plus". The change will take effective from June 30, the super fund said, noting that from a risk and return perspective the option is similar to the Bonds ...

AMP launches alternative debt fund

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
AMP is launching a new investment solution to provide bespoke access to global private debt investments in developed markets. AMP said the total volume of institutional assets under management allocated to private debt is estimated to be around US$1.7 ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
Stockspot is preparing to launch a superannuation offering that would see members' retirement savings invested exclusively in ETFs. The trading platform is planning to launch Stockspot Super later this year, first bringing an accumulation product to ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... third-party provider Google Cloud, and the fund had call centre staff work over the weekend to ensure it could still process member requests and answer queries. Those additional resources will remain in place while the restoration efforts are ongoing. ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
... ultimately collapsed. Today, Sykes said that ART was an attractive choice as a merger partner due to its similar culture and member-first alignment. "We first commenced the thorough process of finding a suitable merger partner back in 2021 and were impressed ...