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Showing 1411 - 1420 of 4013 results for "Accounts"

Netwealth leads the platform pack

ALLY SELBY  |  TUESDAY, 18 FEB 2020
... advisers further demonstrate their value add to clients, ranging from fee cuts to improved fee comparison tools, managed accounts functionality and retirement calculators." It named the top five platforms as Netwealth, HUB24, BT Panorama, Praemium and ...

Industry fund hikes admin fees

ELIZA BAVIN  |  MONDAY, 17 FEB 2020
... First Super said members will also bear the brunt of an increased asset fee, from 0.05% to 0.18% a year for accumulation accounts. First Super said the fee changes will come into effect from 1 April 2020, making it the most recent fund to increase fees ...

Chief economist update: The virus, the trade deal and the AUD

BENJAMIN ONG  |  MONDAY, 17 FEB 2020
... as a slowing Chinese economy is no good for the domestic economy because of its negative repercussions on its external accounts, a rebound in global trade should underpin, or at the very least mitigate the short term fallout from COVID-19. The Australian ...

Chief economist update: COVID-19 could hit Australia with triple whammy

BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... China's actual stats come in lower than expectations, or at the height of the US-China trade war? This is because China now accounts for around 17% of the global economy - more than four times the 4% during the SARS - for which the current epidemic ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... He also "engaged in trading without proper authority of the client; and transferred $185,000 between the client's accounts without authority." ASIC argued that, based on this conduct, "Acworth is not of good fame and character to provide financial ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... process on behalf of the adviser without ongoing conflict. That means financial advice practices with managed discretionary accounts (MDAs) could outsource the investment function of those MDAs. Lonsec also referred to Standard 6 which states: "Where ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... findings from ASIC's review of a broad range of communications material from 12 superannuation funds with six million member accounts. The regulator said the funds were chosen on the basis that, because of their relatively high number of inactive accounts ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... 109 and Fortnum with 81. One of the big changes in the industry has been and remains the growth in reliance on managed accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing wider platform FUA growth ...

Pension assets climb towards $50 trillion

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... seven largest markets for pension assets) with Canada, Japan, the Netherlands, Switzerland, the UK and the US. The P7 accounts for 92% of the US$46.7 trillion in assets in the 22 largest pension markets. The research shows a shift to alternative assets ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual ...