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Showing 1081 - 1090 of 4011 results for "Accounts"

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... said countless times, our system is not perfect. High fees, persistently underperforming funds and too many duplicate accounts are a drag on the system. Australians can be reassured that the Morrison government is determined to continue our arc of reform ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... change to multi-manager global share. Colonial First State Investments Limited had three RSE trustees, about 939,912 accounts and $83 billion in assets at end of June 2020, according to APRA's trustee-level data. The biggest of the three was the ...

Industry fund reviews DB payments

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... with CEOs on 15 February 2021 was the first step in this process," they said. Statewide declined to comment on how many accounts are affected and the total amount under review. South Australia's The Advertiser reported that the probe involves 180 accounts ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... while working as an authorised representative of Apogee Financial Planning, illegally obtained funds from client super accounts. It is alleged Saad illegally obtained funds between $1000 and $28,000 from 168 client superannuation accounts for a total ...

Raiz increases fees for lower balances

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
... monthly maintenance fee will increase to $3.50 for active account balances of less than $15,000. On the flip side, for accounts with balances equal to or greater than $15,000, the account fee remains the same at 0.275% a year. For the Sapphire portfolio ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... to the ATO to be proactively reunited with a member within 28 days. The reform will result in the removal of duplicate accounts therefore reducing duplicate fees and improving outcomes for members. "ERFs were intended to act as a temporary measure for ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
... fees), which NAB charged its customers in personal and business banking when they made periodic transfers from their accounts. This fee was set at $1.80 for periodical payments to other NAB accounts, and $5.30 for such payments to accounts with other ...

Link flags PEXA listing

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... business integration and client migrations costs. Link has 36% of the superannuation administration market with nine million accounts. Its funds solutions business has about $178 billion in funds under management. Chief executive Vivek Bhatia said: "Link ...

PIMCO names Asia Pacific lead

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... fixed income fund manager promoted Alec Kersman as the head of Asia Pacific, leaving behind his role of head of strategic accounts in US global wealth management (GWM), which he held for about a year. Kersman joined the firm in August 2005 as executive ...

Macquarie Wrap SMAs surpass $5bn

ELIZA BAVIN  |  THURSDAY, 25 FEB 2021
Macquarie announced its separately managed accounts (SMAs) on the Macquarie Wrap platform have exceeded $5 billion in funds under administration. Macquarie said the milestone demonstrates the strength of its platform and the continued interest shown ...