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

Search Results

Showing 1171 - 1180 of 4013 results for "Accounts"

Aussies reunited with $1bn in lost super

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... after super funds have sent ATO's latest consolidating lost and inactive account balances. People with inactive super accounts with balances of less than $6,000 will see the balance transferred into their active super account. But if the balance is less ...

Former adviser pleads guilty to stealing client funds

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... financial adviser has pleaded guilty to misappropriating $2.9 million of client funds by transferring the money to his own accounts for personal use. Ross Hopkins from NSW, appeared at the Downing Centre Local Court, where he pleaded guilty to 15 offences ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... people change jobs every year and 470,000 enter the workforce for the first time. Consequently, some 850,000 new duplicate accounts are created every year. "For too long, superannuation fund members have not been able to get clear answers to a couple ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... offered by the same fund. The complementary reforms announced in the Federal Budget to end the creation of duplicate accounts make it even more important that people end up in a single quality fund and are not sold a lemon," he said.

Deutsche Bank expands Australian operations

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... plan to expand our coverage of domestic clients with global needs." The business offers services ranging from current accounts and deposit products, domestic and cross- border payments and collections as well as liquidity management services. The new ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... APRA take decisive action to oversee or direct a transfer of members to a better fund. And if the proposed stapling of accounts were to occur prior to the underperformance issue being addressed, AIST said, existing members will be stapled to those underperforming ...

HUB24 partners with wealth platform

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
Managed accounts platform HUB24 and wealth management software myprosperity have partnered to allow financial advisers who use both platforms to access digital signature functionality. Advisers will now be able to use myprosperity's integrated digital ...

New fixed income boutique launches

KANIKA SOOD  |  MONDAY, 9 NOV 2020
... delivers the opportunity for collaboration with the best market insight and expertise to also provide individually managed accounts (IMAs)." Fortlake will use J.P. Morgan, Tactical Global Management Limited (TGM) and Link Fund Solutions. The four funds ...

Off-platform assets consume advisers' time

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... However, they aspire to have one platform that can deliver to all client segments, catering for all forms of managed accounts and investments, including custodial and non-custodial assets." According to the Australian Taxation Office, some $342 million ...

Macquarie profits slide 32%

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... grew to $89.3 billion at September end, which is an increase of 20% since March. The expanded Macquarie Wrap managed accounts offering added $1 billion in the same period, to it $4 billion. Wealth management fee income was $136 million, down from $144 ...