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Showing 1041 - 1050 of 4011 results for "Accounts"

Clime appoints new chief executive

KANIKA SOOD  |  MONDAY, 26 APR 2021
... with $1 billion in funds under management (up $55 million from December quarter), including LIC, individually managed accounts, separately managed accounts, managed funds and mandates. Funds under advice were $3.1 billion (up $207 million from December ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
... investment strategy," Equity Trustees said. "You will be able to elect your own investment strategy for accumulation accounts from the available investment options in the new plan." Defined benefit fees and costs, however, will change. This will involve ...

Former adviser pleads guilty over million-dollar super theft

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... while working as an authorised representative of Apogee Financial Planning, illegally obtained funds from client super accounts. As such, Saad pleaded guilty to one count of obtaining financial advantage by deception and one count of attempting to obtain ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... the spike may be attributed to lower premiums collected in 2020 after legislation turned off insurance on lower-balance accounts from October, and the early release of superannuation, which whittled away at many superannuation accounts.

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
... March 2020 as Netwealth shifted to a new pricing structure. Total funds under management (from managed funds and managed accounts) was $10.5 billion or 66.4% higher than March 2020 FUM of $6.3 billion. However, net FUM inflows were also slower than previous ...

Macquarie head joins alternative platform

ELIZABETH MCARTHUR  |  FRIDAY, 16 APR 2021
The former head of research and strategic accounts at Macquarie has joined an alternative investment platform. Chris Brookman has joined Altive, an alternative investment platform and fund manager which enables high-net-worth individuals to invest in ...

Managed accounts prop up platforms

ANNABELLE DICKSON  |  FRIDAY, 16 APR 2021
The growth of managed accounts is the only segment of the platform market that has developed and without them platforms would be going backwards, new research shows. Rainmaker Information's latest Wholesale Advantage Report for the December 2020 quarter ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... dishonest conduct and two years in prison for operating a financial services business without a licence. ASIC froze bank accounts associated with Goldsky in 2018 and receivers were appointed to wind up the Goldsky companies. Then in 2019, the Queensland ...

NAB MySuper class action heads to Federal Court

JAMIE WILLIAMSON  |  MONDAY, 12 APR 2021
... behalf of 330,000 MasterKey members accuses the super trustees of breaching their duties by delaying the transition of accounts to cheaper MySuper products. On 18 December 2020, the Supreme Court of Victoria ruled the case invalid. A spokesperson for ...

AustralianSuper subverts stapling logic

KARREN VERGARA  |  FRIDAY, 9 APR 2021
... investment performance, but at the end of the day it is the net returns to members - that is, what they receive in their accounts after investment performance, fees and charges are all applied - that is most important to them." He also called for all ...