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Showing 1261 - 1270 of 5874 results for "July"

More advisers exit in June

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... the industry in the last month of the financial year, taking the total population to 19,544, latest ASIC data shows. As at July 1, AMP Financial Planning finished the financial year with 690 advisers, while The SMSF Advisers Network (SAN) had 669 representatives ...

AustralianSuper posts best year yet

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... assets which we expect will deliver long-term growth for members." The balanced option's strategic asset allocation from July 1 is heavily tilted towards growth assets, with Australian shares and global shares comprising 21% and 31% of the total ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... straight month of expansion in Australia's manufacturing sector. All eyes will be on the RBA's board meeting this week (July 6). Recall that at its meeting in May, it announced that: "At its July meeting, the Board will consider whether to retain ...

FEAL welcomes new board directors

JAMIE WILLIAMSON  |  FRIDAY, 2 JUL 2021
... SA and BUSSQ have joined the board of the Fund Executives Association Ltd, replacing two long-serving directors. Effective July 1, Funds SA chief executive Jo Townsend and BUSSQ chief Damian Wills are now directors on the FEAL board. In doing so, they ...

Deutsche Bank appoints local chief

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... incumbent Anthony Miller left for Westpac. Glenn Morgan takes the helm as chief executive, a role he's been acting in since July 2020. Morgan has been with the European bank since November 2009, joining as head of Australian equity sales before moving ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... businesses ceased providing personal financial advice in 2019. Westpac only notified ASIC about the advisers' bungle in July 2019 and provided more information about the severity in April 2020. Corporate actions cover a range of activities by publicly ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... firm reminder to trustees and financial advisers to heed the new law that limits the charges on superannuation advice. From July 1, trustees and financial advisers must have the proper processes and systems in place to meet the new regulation. On 2 March ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... cryptoassets is a fundamentally different proposition to more traditional investments," ASIC said. The consultation, which closes on July 27, comes as Australian Competition and Consumers Commission data shows a rise in crypto scams. For the first five ...

Qantas Super introduces passive option, drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... Super is also reducing administration fees for members in the Gateway Division. The fund last did so in October 2018. From July 1, the fixed fee paid by members will drop from $98 plus 0.23% of the balance to $70 plus 0.23%. The annual admin fee cap ...

GBST improves compliance checks

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... functionality removes the accidental human error that can occur when scanning or faxing ID verification documents," she said. On 31 July 2020, the ATO required super funds to complete the ID verification of a user prior to utilising SuperMatch, an ATO ...