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Showing 81 - 90 of 11493 results for "Change"

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... trustees. We are grateful to have advised clients on a broad range of matters, including successor fund transfers, regulatory change and investigations, and material service provider contracts." Melbourne-based QMV Legal also comprises senior regulatory ...

Vanguard lowers management fees

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... more than 40 fee reductions for Australian investors in the past decade across a range of products and services. "This fee change may be good news for investors seeking to move out of cash holdings to capture low cost, durable, resilient yields, with ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... will join the $280 billion ART with its 2.3 million members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance to $1.20 per week, plus 0.10% p.a. on the first $800,000 of the ...

ART adds heavyweights to board

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
... of Prime Minister and Cabinet, secretary to the Australian Treasury and inaugural secretary of the Department of Climate Change. ART chair Andrew Fraser said the appointments represent the changing needs of the fund as it helps more members than ever ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
... superannuation assets, retail funds hold 23%, and SMSFs hold 27%. However, in the next two decades, the distribution is expected to change to 51%, 23%, and 22% for industry, retail, and SMSFs, respectively. Industry funds are expected to remain the largest ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... or recorded, for example, when a partner would retire/receive a pension or how objectives or income needs were likely to change it was unclear whether information relating to the risk of capital erosion, the potential for annuity rates to be worse in ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... growth. It has an internal rate of return of 13.5% and a minimum investment amount is $100,000. "We believe this simple change in name will create clarity and more accurately reflect our core business and the expertise we deliver," Bronts said.

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
Treasury has released the draft regulations for the superannuation concessions changes set to come into effect FY 2025/26. Stakeholders have been encouraged to submit responses to the draft regulations before 26 April 2024. The bill imposes a tax rate ...