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Showing 1461 - 1470 of 4013 results for "Accounts"

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... entity licensees and Exempt Public Sector Schemes managing more than $2 trillion in assets for around 27 million member accounts. However, the regulator admitted there was a difference between the quality of its MySuper and choice data. "APRA is largely ...

Wealth income halved, Hartzer skips $1.6m bonus

HARRISON WORLEY  |  MONDAY, 4 NOV 2019
... changes. Hartzer said the changes in Westpac's wealth arm - including exiting financial planning and migrating MySuper accounts - hurt revenue in the short term but would support customers and help the bank "build a more sustainable business." The ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... together Xplore's four businesses - the platform, responsible superannuation entity (RSE), managed discretionary accounts and DIY super administration. "The two acquisitions we made last year, Aracon Superannuation and DIY Master have been with the ...

Hostplus, Club Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... July, sees Hostplus add $600 million to its $45 billion funds under management and a further 22,000 members. Club Super accounts will be transferred to Hostplus by November 14, at which time members will be able to switch between Hostplus' suite of investment ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... The regulator added that trustees should also take the opportunity to communicate to members about inactive low balance accounts proposed to be transferred to the Australian Taxation Office. ASIC said the steps that trustees take today in relation to ...

Industry fund hikes insurance premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... insurer to reflect this higher-than-expected uplift in claims paid out." The cancellation of insurance cover for inactive accounts under the Protecting Your Super reforms "has also put financial pressure on insurers and their need to review insurance ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... companies' cross-appeal will be dismissed. "Westpac's attempts to have customers transfer funds from their external accounts with other superannuation funds into their BT accounts were carefully calculated to bring about this desired result by ...

ASIC bans former Fitzpatricks employee

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
... banking token that did not belong to her to transfer close to $300,000 of client and corporate funds into her personal accounts. "The fraudulent transactions affected client and company accounts of Fitzpatricks Private Wealth Partners Pty Ltd, a related ...

Disgruntled chief executive wins $2.7million

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
... 11 filings. "The judgement amount and relevant costs will be included as an abnormal cost in the company's financial accounts for the 2020 financial year," it said, adding that it would not affect the FNZ scheme of arrangement. The court will hear from ...

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... short sellers to target ASX companies. WiseTech said no overstatement in profit, growth or revenue was made and that accounts were accurate and not inflated through acquisition accounting. It also said there was no overstatement in European revenues ...