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Showing 1281 - 1290 of 11010 results for "Account"

Annuities too expensive for most retirees: Research

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... only 3.3% of retirement age members in not-for-profit and retail super funds have more than $1 million in their super account. Almost half of the total have less than $100,000 in retirement savings. "This suggests very few retirees could afford an annuity ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... mandated that Registered Superannuation Entity (RSE) licensees cannot offer insurance on an opt-out basis to members with account balances under $6000 or to new members under 25 years old. ASFA's findings suggested that while overall premium payments ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... very competitive." The success seen so far bodes well for Vanguard's newly launched pension products, comprising an account-based pension, SpendSmart, and a transition to retirement option, TransitionSmart. Like the accumulation product, they both ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
The federal court will soon determine if it will approve the $16 million to settle the class action against E&P Financial Group as some victims of Dixon Advisory and Superannuation Services (DASS) are running out of time to make a claim. On 3 April ...

Copia seals distribution partnership

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
Copia Investment Partners has won a partnership with HSBC Asset Management to distribute a strategy to retail investors. Copia will make the HSBC Global Infrastructure Equity Fund available to retail investors after it was launched to the institutional ...

Super funds captivated by equities: Research

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
Superannuation funds have been heavily reliant on equities for the last decade compared to their global peers, a new study reveals. The latest study by Willis Towers Watson's Thinking Ahead Institute finds that Australia's superannuation funds continue ...

Centrepoint Alliance targets further growth with new platform

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... Colonial First State's new Edge platform. Centrepoint said the offering will be competitively priced, with no minimum fee, account aggregation, and a capped fee structure. It will also feature an extensive range of managed accounts, Centrepoint said ...

Morrison divestment lifts Sequoia profits

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... the complaints that are likely to result in restitution payable were accounted for in the 1H24 statements. They do not account for the complaints it believes unlikely to result in restitution. Sequoia said doing so might prejudice the ongoing dispute ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
Former financial adviser Shivdeep Jaidka is under ASIC scrutiny; the corporate regulator has accepted a court-enforceable undertaking from him. After reviewing the financial services provided by Jaidka, ASIC found he failed to adhere to s961B and s961G ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
ASIC is putting the pressure on financial advisers to provide appropriate SMSF advice using "professional judgment", as the regulator flags serious instances of misconduct it wants to curb. At the annual SMSF Association National Conference, ASIC senior ...