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Showing 1061 - 1070 of 4011 results for "Accounts"

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... multiple account providers and queried how written consent would apply when a member has fees deducted from multiple accounts. When it came to lack of independence disclosures, those responding to ASIC's consultation raised concerns about the heading ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... risky investment behaviour to get the same nominal rate of return. "You've got more and more money sitting in bank accounts, particularly retirees and pension funds that need to get a return and are chasing the same supply of assets," Fisher said. ...

Rainmaker reveals 2021 AAA super products

JAMIE WILLIAMSON  |  TUESDAY, 23 MAR 2021
... choices. This year saw 149 products from not-for-profit funds and 49 from retail funds make the cut. Last year NFP funds accounts for 154 products and retail funds came in with 47. Of these, 198 products have received a AAA Rating, including 187 that ...

Milliman hires head of distribution

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
Milliman has appointed a new retail distribution lead who will ramp up the firm's managed accounts offering. Durand Oliver will help expand Milliman's investment solutions offering for the retail market in the newly created role. As head of ...

Not-so-Zuper: Super disruptor folds

JAMIE WILLIAMSON  |  MONDAY, 22 MAR 2021
... potentially poor outcomes to members where there is insufficient scale." If members do not act before April 30, all Zuper accounts will be transferred into LESF and Macmahon Super. Zuper is a sub-plan of OneSuper, which remains open. OneSuper was formerly ...

PYSP reunites $4.3bn of lost super

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
The Protecting Your Super Package legislation which asked super funds to hand over inactive accounts to the Australian Taxation Office (ATO) has returned $4.3 billion to members in about 17 months. Between 1 November 2019 and 28 February 2021, nearly ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... growth of about 32.2%), giving it a 2.3% market share according to Plan for Life. Since then it has acquired managed accounts provider Xplore Wealth. HUB24 currently tops Investment Trends' rankings of platform functionality, marginally beating N ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... owned an accounting practice, Saber Accountants, and she recommended that her own accounting practice prepare annual accounts and tax returns for SMSF clients - ASIC determined this action created extra revenue for Thorne. "ASIC first took action in ...

Foresight Analytics acquires research firm

ANNABELLE DICKSON  |  MONDAY, 15 MAR 2021
... from Australia Ratings Group. ARA provides investment ratings on wholesale and retail managed funds, separately managed accounts and exchange traded products. It can also create benchmark portfolios/indices for calculation of debt risk premiums. Foresight ...

Managed accounts FUM inch to $100bn

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
Managed accounts assets reached a record $95.2 billion at the end of 2020 thanks in part to stock markets rebounding. According to the Institute of Managed Account Professionals chair Toby Potter, the sector is stronger than eve r and will continue ...