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

Search Results

Showing 1011 - 1020 of 4010 results for "Accounts"

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... companies deducted life insurance premiums and financial advice fess from 2069 deceased customers' superannuation accounts despite being notified that the customer had died. This amounted to $500,000 in insurance premiums, at least $350,000 of which ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... 597,396 SMSFs at the end of March. The number of SMSF members stood at 1.12 million and during the quarter some 6147 accounts were established while 240 closed down. Listed shares are the most popular investments among SMSFs as 26% or $207.4 billion ...

Former adviser jailed for six years

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... management firm. Between 14 October 2016 and 8 October 2019, Hopkins advised clients on their self-managed superannuation accounts, but had complete control of their funds, which enabled him to transact on their behalf. Hopkins took about $2.9 million ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... counter-cyclical efforts to sustain this. A slump in iron ore prices would certainly affect Australia's trade and budget accounts but it's not the be all and end all for the domestic economy. So would completely disengaging with China. But both ...

ASIC cancels AFSLs

ANNABELLE DICKSON  |  TUESDAY, 25 MAY 2021
... has cancelled the Australian financial services licences (AFSL) of two providers for failing to lodge audited financial accounts and failing to maintain an AFCA membership. Victorian-based financial services provider and mortgage broker Direct My Wealth ...

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
... even larger 10% decline; now just 45% of single parents have any super at all. Disability support pensioners with super accounts fell by 7%. "As savings and superannuation have been depleted over the past year, many people have been left more exposed ...

Local Government Super rebrands, reduces fees

JAMIE WILLIAMSON  |  TUESDAY, 25 MAY 2021
... a result of the change. However, there will be changes to some fees. From July 1, administration fees on accumulation accounts, account-based pensions and retirement accounts will reduce, while the switching fee is being removed. Accumulation members ...

JANA appoints head of sustainability

KANIKA SOOD  |  MONDAY, 24 MAY 2021
... December 2020. It is the largest asset consultant in the not-for-profit superannuation market and has expanded into managed accounts in recent years. Halpern's appointment is effective May 24. "I have dedicated my career to working to drive a real shift ...

Ironbark signs on Canadian manager

KANIKA SOOD  |  MONDAY, 24 MAY 2021
... feeder fund for the strategy in the third quarter of this year. It will also look for co-investment and separately managed accounts opportunities for Fiera's strategy among Australian investors. "We're pleased to be partnering with Fiera Infrastructure ...

Platform cuts fees

ELIZABETH MCARTHUR  |  MONDAY, 24 MAY 2021
A specialist managed accounts platform has cut the administration fee on its superannuation offering. Wealth02 lowered the admin fee on its Super Simplifier by 3.3 basis points, capping fees at $1760 per member or $3630 across six family members. The ...