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Showing 1321 - 1330 of 3210 results for "Scheme"

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
Investors and financial advisers were left confused when the almost $4 billion SPDR S&P/ASX 200 Fund (ASX: STW) failed to pay out any franking credits with June's year-end distribution for the first time in its 18-year-long history. State Street paid ...

Cull flat fees for small pensions: Report

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
Pension funds should stop charging flat fees on small and dormant accounts, a report produced by the United Kingdom Work and Pensions Committee recommends. The report said even if a pension fund makes a good return, a flat fee structure can completely ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
... insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme (TASSS) are expected to open tender this month. The contract ...

Super fund invests in disability housing

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
... made a cornerstone investment in DPN Casa Capace, which will help develop accommodation for National Disability Insurance Scheme participants nationwide. Christian Super made the investment via the Brightlight Real Estate Impact Fund, hoping to help ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... sentenced to 20 years in federal prison for her conviction on 17 charges relating to a $29.3 million (US$20 million) Ponzi scheme. In October 2018, Bennett was found guilty of conspiracy, securities fraud, wire fraud, bank fraud and making false statements ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... remuneration by 1 January 2021. "We are also going further, by including in the Bill a power to make regulations to establish a scheme that will provide that those people paying conflicted remuneration rebate clients for any remuneration that would be ...

AFCA looks to expand senior ranks

KRISTI CHENG  |  FRIDAY, 26 JUL 2019
The Australian Financial Complaints Authority is on the hunt for a new chief operating officer. The successful applicant will work with other ombudsmen and senior executives to develop and execute the organisational strategy and initiatives necessary ...

Axe super for low-income earners: Senator

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
... superannuation," he said. "Unless the next edition favourably answers these questions, I would be inclined to make the whole scheme voluntary." Superannuation balances generally need to exceed $31,000 before fees drop below 1%, leading Dunnin to warn ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... advice, she would have forfeited a $500,000 deferred benefit available to her under her State Authorities Superannuation Scheme (SASS) account. Unfortunately, ASIC said another client received the same advice and ended up losing thousands of dollars ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... super guarantee at just 9.5% when they are beneficiaries of contributions of at least 15.4% under the parliamentary super scheme," Linden said. "Winding back the super guarantee would leave Australians worse off at retirement and increase the burden ...