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Showing 1181 - 1190 of 11010 results for "Account"

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... applicants argued that the information CBA should have released included the late Threshold Transaction Reports (TTR), account monitoring failure, IDM ML/TF risk assessment non-compliance, and potential penalties. "The applicants allege that the Bank ...

Chalmers makes bold inflation prediction

ELIZA BAVIN  |  MONDAY, 13 MAY 2024
... Chalmers said the reason the government is expecting inflation to fall more quickly is because their modelling takes into account the measures they plan to introduce in the Federal Budget. "That'll be the difference, frankly, between the Reserve Bank's ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
ASIC has instigated "urgent proceedings" in the Federal Court against Brisbane financial adviser Sunny Prakash and his many associated companies. The corporate regulator is investigating Prakash and his "related companies" - Principal Financial Services ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... any checks in relation to advice fee deductions, with some allowing as much as $20,000 to be taken from a member's account before a red flag is raised. Speaking to Financial Standard, Constant said that $20,000 fee cap is perhaps the starkest finding ...

The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... crypto-assets. Its top holdings - MicroStrategy, CoinBase, Galaxy Digital, CleanSpark, and Marathon Digital Holdings - account for nearly 50% of the fund's weighting. The Global X Ultra Long NDQ 100 Hedge Fund (ASX: LNAS) came second with an 84.5% ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... superannuation interests." Only three trustees require a minimum residual balance before payments may be charged to a member's account or other balance conditions to guard against erosion, ASIC found. "Trustees with high fee caps, particularly percentage-based ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... member focused." Overnight, UniSuper told members they would be able to log in to their accounts from midday today and that account balances displayed would be as at last week. Still, transactions will not be possible, the fund said. "Every effort from ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
Super Members Council (SMC) has slammed the Coalition's plan for young Australians to use their super for a house deposit, saying new modelling shows it could cost taxpayers a cumulative $1 trillion. SMC said even a policy which capped super withdrawals ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... provide some detail as to features of the offering. Listing drawcards, the company said its solution offers a tax efficient account structure, whereby members would only pay tax on realised capital gains. "Unlike pooled super funds, Stockspot Super will ...