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Showing 1241 - 1250 of 11010 results for "Account"

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... intends to rebalance its exposure away from benchmark agnostic global equity managers. "As such, we do not expect the account to close but rather to see a reduction in mandate size," Platinum said. "These events, together with some other institutional ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... bill also contains the legal basis on which superannuation trustees can charge members for financial advice from their account and the associated tax consequences (Recommendation 7). The new laws will also house Recommendations 13.1, 13.2, and 13.3 of ...

PE deals tumble again, down 63%: Bain & Company

KARREN VERGARA  |  TUESDAY, 26 MAR 2024
The Australian and New Zealand private equity sector took another tumble, sharply falling 63% in value during 2023 as high interest rates and market uncertainty continues to spook investors. This is the second year in a row that saw deal values decline ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space. The Parliamentary Joint Committee on Corporations ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... members on May 1. Public offer members will see administration costs change from $0.50 per week plus 0.19% p.a. of the account balance to $1.20 per week, plus 0.10% p.a. on the first $800,000 of the account balance. ART will also charge an additional ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... market. They will also increase investment in privately held assets," the report said. Additionally, Deloitte observed that account consolidation has been continuing at pace, driven by market and legislative forces, including funds and financial services ...

Industry funds set to gobble up over 50% of superannuation assets

ANDREW MCKEAN  |  THURSDAY, 21 MAR 2024
Industry funds will soon be home to more than 50% of all superannuation assets, as per Deloitte's Dynamics of the Australian Superannuation System report. Retail funds are anticipated to grow in the future, thanks to their existing scale, a wealthier ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... class actions are filed that seek to bring about changes in the law or conduct, or to hold businesses and government to account... We expect the trend of ever-expanding ESG class actions to keep pace with developments abroad," Allens said. "In Australia ...

AustralianSuper engages TAL to create retirement option

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... retirement income strategy identified a cohort of members who may benefit from a lifetime income option supplementing an account-based pension and Age Pension. "A lifetime income option not only ensures members, and their partners, are able to have an ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... pointed out the trustee and receivers had "identified a change in assets on the group's balance sheet but had failed to account for a corresponding change in liabilities, which meant the net position had not changed and the assets in question were ...