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Showing 1191 - 1200 of 11015 results for "Account"

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 ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... UniSuper expects members will, "in some capacity," be able to log in to online services, access the app, and see their account balances, however these will be as of April 29 and updated following the full restoration. Chun promised members they will ...

HESTA names chief financial officer

ELIZABETH FRY  |  TUESDAY, 7 MAY 2024
With 20 years of experience spanning the finance, healthcare and government sectors, Natalie Kelly was appointed finance chief after serving in an interim capacity since March. Kelly joined the $82 billion industry super fund after Sally Collins quit ...

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |  MONDAY, 6 MAY 2024
The fund manager is looking to significantly boost its local lineup of active ETFs. Fidelity is seeking the approval of unitholders to modify the constitutions of a number of its managed funds to enable listing of a class of units on either the ASX ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... billion super fund's online systems have been disrupted this week, with its 665,000 members unable to log in to access account balances and services. They also cannot use the fund's calculators or consolidate their super, switch investments ...

Count upgrades synergy benefits after Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
Count has updated the expected cost synergy benefits expected to be achieved following the acquisition of Diverger. It said annualised expected cost savings had been upgraded to approximately $4 million by FY25, which is an increase from the initial ...