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Showing 1331 - 1340 of 4013 results for "Accounts"

Client drags advice firm, advisers to court

KANIKA SOOD  |  WEDNESDAY, 20 MAY 2020
A woman has dragged an advice firm and its leads to court, claiming they took control of her bank accounts and misappropriated about $1.4 million of her money. Danusia Giam is seeking compensation from Melinda and Robert Patterson and three related ...

ATO allows ERS access to New Zealanders

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...

Super fund pays it forward

JAMIE WILLIAMSON  |  THURSDAY, 14 MAY 2020
A superannuation fund is passing its government stimulus on to members who have been forced to withdraw from their accounts under the early release scheme. Future Super has decided it will pass on its government stimulus to members whose account balances ...

Road to recovery

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... positive income shock occurring, contrary to what anyone would think. "The amount of government benefits flowing into CBA accounts is more than offsetting the loss from wages and salaries," she said. "The numbers are staggering. The combination of the ...

Adviser guilty of misuse of client money

ELIZA BAVIN  |  THURSDAY, 14 MAY 2020
... he had accessed and transferred around $1.1 million from his clients' superannuation, pension and personal savings accounts. It was further alleged that Dick used his clients' savings to fund his personal lifestyle expenses. According to ASIC ...

Challenger hires retail distribution lead

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... for the lead wealth management distribution role had not yet been appointed. Challenger's general manager of national accounts, research and platforms Rommel Hacopian recently departed, joining Yarra Capital Management. His departure followed that of ...

Majority of ERS applications from low balance accounts: AMP

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Over 70% of ERS applications have come from members with account balances with less than $50,000, according to analysis from AMP. AMP said members working in the hospitality, arts, recreation, manufacturing and wholesale trade industries had highest ...

Active share, past outperformance can predict returns

KANIKA SOOD  |  MONDAY, 11 MAY 2020
A new study argues that separately managed accounts with high active shares and a history of outperformance can be expected to continue delivering in the future. Active share, which was introduced by Cremers and Petajisto in 2009, is calculated as the ...

Macquarie advice shift offers mixed results

HARRISON WORLEY  |  FRIDAY, 8 MAY 2020
... All told, around $79 billion sits across Macquarie's platforms, with the firm's expanded Macquarie Wrap managed accounts offering also performing well, ending the year around $700 million fatter at $3 billion in assets under management. According ...

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
The early release of super scheme has seen more than 5% of the accounts Link Group administers close. It comes as the group rolls out optional pay cuts to its leadership team. In a presentation to the Macquarie Australian Investors Conference yesterday ...