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Showing 1321 - 1330 of 4013 results for "Accounts"

Sequoia to acquire wealth group

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... commencement with SWM is subject to each accepting this offer." On completion, the transaction will add about 5,500 equity accounts to SEQ's execution and clearing business Morrison Securities and about $1 billion in funds under advice. In revenue ...

ASIC cancels two AFSLs

ELIZA BAVIN  |  MONDAY, 1 JUN 2020
... said Personal Risk's cancellation took effect on 21 May 2020, after the company failed to lodge its audited financial accounts from 2017 to 2019. The regulator said AFSLs are required by law to prepare and lodge a profit and loss statement, balance sheet ...

ASIC takes action on two AFSLs

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
... if the licensee has ceased providing financial services," ASIC said. "Forex Plus has also failed to lodge its audited accounts for a number of years." ASIC said AFSLs are required by law to lodge their audited accounts annually to demonstrate that they ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
While hundreds of thousands of Australians remove tens of millions from their superannuation accounts, SMSFs are holding their own. The most recent superannuation statistics released by APRA show there was a decrease of 7.7% in total superannuation ...

Grow Super co-founder in alleged betting scandal

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAY 2020
... being StatEdge. Grow Super has not shared premises with StatEdge since May 2019," the spokesperson said. Social media accounts for StatEdge have been taken down, as have Facebook and Instagram accounts for Grow Super. Wilson has removed any mention of ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... decrease came from APRA-regulated funds, with equity-heavy retail super funds bearing the biggest brunt. While retail super accounts for about one-quarter of superannuation assets compared to not for profit (NFP) funds that hold half, each segment fell ...

Super fund to remediate members

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
... the effect of remediation on fund members as a whole is "minimal". It initially flagged the remediation in its audited accounts for last financial year. On May 14, the fund told members they will receive the remediation as credit to their accounts, listed ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... the 34 remaining industry funds have been growing total costs while member numbers have decreased. "As inflows dry up, accounts consolidate and returns go negative, many of these funds also risk a cash crunch, making it harder for them to remain competitive," ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... annual withdrawals above a specific amount to be included in taxable income. "Alternatively, withdrawals from accumulation accounts (held by those with more than the $1.6m pension transfer balance) could be taxed at (say) 15%," Rice said. "One easier ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... activities, such as the possibility of early release of superannuation, searching for lost super and consolidating their accounts." The regulator has observed some 'lost super search providers' re-brand as 'COVID-19 access providers', however Eccleston ...