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Showing 1101 - 1110 of 4011 results for "Accounts"

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... Lee found that CBA breached financial services law 12,119 times when charging a rate of interest on business overdraft accounts substantially higher than what customers were advised. The Court also made a declaration that on each of the 12,119 occasions ...

Invest Blue offers managed account solution

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... portfolios, administered on BT Panorama, has been developed exclusively for Invest Blue's 4000 clients. The separately managed accounts are issued by Ironbark as the responsible entity, with Russell Investment Management as investment manager. BT head ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... Advance Retirement Suite had $202.8 million in total assets at June end. It had 15 member options and about 3460 member accounts (down 19% in two months). Average member had $58,000 in balance, according to APRA statistics. "BT Funds Management Limited...the ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... steps by asking whether they are truly delivering a sub-par outcome for members, she said. By way of example, duplicate accounts have proliferated while low-balance accounts were eroded by unnecessary insurance and high fees. Refusing to fall into the ...

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... director. An investigation by ASIC found that McSweeny had transferred or directed others to transfer funds from bank accounts holding client funds. ASIC alleged that he directed an employee to construct a back-dated statement of advice in response to ...

Perpetual bolsters distribution team

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
... Sachs and earlier in has career worked at ClearBridge. Nicole Aubrey has also been appointed senior manager national accounts for Australia, she previously held roles with HRL Morrison, Pendal Group and Investors Mutual. Meanwhile, Rob Kenyon will become ...

Praemium profit, growth up

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
The managed accounts platform has recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration ...

Dealer group bolsters leadership

ELIZABETH MCARTHUR  |  MONDAY, 8 FEB 2021
... joins from platform provider Xplore Wealth where she was state distribution manager for the firm's managed discretionary accounts service. Prior to that, she was national growth manager at Centrepoint Alliance for five years and spent over a decade in ...

Pension fund members incur post-Brexit fees

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
... deducted fees. The UNJSPF has long routed all pension payments to retirees and beneficiaries who receive them into bank accounts in the Eurozone via JP Morgan Chase's London branch, its own bank. Despite the UK leaving the EU, no fees were anticipated ...

Diversa, BetaShares relationship probed

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... receives a rebate from BetaShares, though he could not clarify what amount the rebate was, and that this is added to member accounts and does not go to the fund.