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Showing 101 - 110 of 1106 results for "Membership"

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... $700,000. AFCA essentially closed the doors to any new victims coming forward on June 30 when it ended Dixon's membership. "Now that Dixons' AFCA membership has finally ceased - after two false deadlines, and almost 2.5 years after being put ...

Aware Super delivers 11.02% to default members

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
Aware Super's default High Growth investment option returned 11.02% for FY24, home to about 70% of its membership. The High Growth accumulation option - a lifecycle product - is Aware's default offering and has more than 750,000 of its 1.1 million members ...

Smaller super funds eye AustralianSuper, ART dominance

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... had $286.3 billion in assets while Aware Super's 1.2 million account holders had $175.4 billion. Unisuper's membership base of 679,000 saved up to $127.8 billion while 1.8 million Hostplus members had $111.2 billion. It was a different story ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... Women. She has been widely recognised for her work in superannuation policy and was previously awarded ASFA Lifetime Membership, ASFA Distinguished Service Award, and the inaugural Financial Services Council Industry Excellence Award. Incoming chair ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... Hostplus said insured Maritime members will have access to improved terms and conditions thanks to its large and growing membership base, which allows them to offer more competitive insurance rates than smaller super funds. The industry super fund, which ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... to DASS at the end of April. The Financial Advice Association Australia (FAAA) chief executive Sarah Abood said the membership has been extended twice despite the fact the company went into administration in January 2022. "This meant that complaints ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... Commonwealth Super Corporation (CSC) at $87, Hostplus at $98 and Mercer's $112. KPMG also found that the size of fund by membership does not always correlate to strong net cash flows. HUB24 with less than 100,000 members for example, reported $5.4 ...

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... APRA deputy chair Margaret Cole said. "Mercer Super has experienced significant growth in recent years, in terms of membership size and assets. It is important that, when preparing to scale up operations, the trustee has the appropriate level of controls ...

Budget 2024: Change to foreign investment rules

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... point-in-time principal asset test to a 365-day testing period Require foreign residents disposing of shares and other membership interests exceeding $20 million in value to notify the ATO, prior to the transaction being executed "These reforms will ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of ...