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Showing 1471 - 1480 of 4013 results for "Accounts"

Super fund adviser numbers swell

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
... according to ASIC's financial adviser register. Despite the growth in adviser registration numbers, the super industry accounts for less than 4% of the total direct employment of advisers. Many super funds are choosing to develop relationships with ...

New SMAs launch

ELIZABETH MCARTHUR  |  MONDAY, 21 OCT 2019
A new range of separately managed accounts (SMAs) have launched, attempting to address a demand the new FASEA code of ethics could create. A group of financial advisers have come together to launch the SMAs through Ethical Advisers Funds Management. ...

Dealer group awards investment mandate

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
... Laguna Beach and distributed here by Contango. The mandate will sit in Lifespan's $400 million managed discretionary accounts (MDA), which uses about 20 external managers to create funds with five risk profiles for its advice clients. The external ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... deposits. The 'new' term deposits had significantly lower interest rates than available alternatives - for example, at-call accounts." Disclosure requirements, the report concluded, are viewed by some in the industry as a hurdle to be worked around. ...

BT Financial Group enlists research provider

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
BT Financial Group has appointed an investment research house to provide managed accounts research advisory services. Morningstar Australasia will now support BTFG's six Multi-Sector Series Portfolios available to advisers through BT Managed Portfolios ...

IOOF divests Perennial Value

ELIZABETH MCARTHUR  |  FRIDAY, 11 OCT 2019
... Perennial investment products will continue to be available on IOOF platforms as well as on other platforms and wrap accounts. Perennial executive director Anthony Patterson said the transaction will reposition Perennial as a multi-boutique and explained ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Savings Trust products. The consumer advocacy group said 55.5% of AMP's superannuation customer base comes from inactive accounts which are slowly losing value as fees eat into the principle. According to CHOICE there are over a million idle accounts ...

Industry fund implements fee changes

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
... Members will now pay 0.25% p.a - up from 0.15% p.a. - for accumulation, account-based pension and transition to retirement accounts. The change also applies to additional accumulation accounts of defined benefit members. Meanwhile, investment fees on ...

IOOF launches budgeting app

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2019
... clients through its advisor network and will allow users to track multiple bank, mortgage, investment and superannuation accounts. The company said the online goal-based budgeting app aims to give users a compete view of their net worth and cash flow. ...

Former NAB adviser sentenced

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
A former NAB financial adviser has been sentenced for withdrawing funds from the accounts of clients without their knowledge, but will avoid jail time. The District Court of NSW sentenced Max Kiattisak Eung to three years imprisonment to be served through ...