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Showing 1381 - 1390 of 4013 results for "Accounts"

NAB Private director starts new venture

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... Standard. "We will focus on institutional and wholesale market, including dealer groups and model portfolios, managed accounts and private banks," he said. The firm is in negotiations with a few overseas managers, after scoring its first client. It is ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... its regulatory priorities to focus on COVID-19, including its anticipated consultation paper on managed discretionary accounts. The corporate regulator said the consultation was just one of several near-term, non-time sensitive activities it had temporarily ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... billion due to the stock market correction. The total amount the government thinks fund members will withdraw from their accounts due to this measure is only 10% of what the system lost last month. To attack this measure is to fight the wrong fight," ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... in financial stress as a result of COVID-19. Eligible Australians will be able to draw up to $10,000 from their super accounts for the rest of this financial year, as well as an additional $10,000 over the 2020-21 financial year. The measure is expected ...

Perpetual exits MySuper

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2020
... Perpetual MySuper will transfer to CareSuper. According to Rainmaker data, the transfer will include more than 7500 member accounts and will see $220 million added to CareSuper's existing funds under management. About 12 months ago Perpetual Superannuation ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... capital solutions would likely take a hit during the current downturn. "Macquarie's capital facing business, which accounts for 25% of revenue, will likely take a big hit as M&A and corporate activity dries up," Conway said. "But there might be opportunities ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... insurance inside superannuation for members under the age of 25, with less than $6000 in their fund, and with inactive accounts for a period of 16 consecutive months. While some provisions are already in force, the majority of the reforms is set to take ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
... inclusive economy." JP Morgan Chase has US$2.7 trillion in AUM and has operations globally. The US$50 million donation accounts for 0.002% of the firm's total assets.

Investment manager criminally charged

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2020
... (SGSA) is facing criminal charges in Sydney on two counts of failing to pay client money into segregated authorised bank accounts and two counts of two counts of failing to comply with requirements relating to a client money bank account. ASIC alleged ...