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Showing 131 - 140 of 724 results for "Automatic"

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
Law firm Dovel & Luner filed a class action lawsuit against Vanguard trustees and on behalf of investors in Vanguard's Target Retirement Funds, based in the US. The suit alleges that Vanguard's mismanagement of these funds led to "enormous tax bills ...

ASIC consults on refreshing PDSs, FSGs

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
ASIC has opened consultations on remaking the relief contained in product disclosure statements and financial services guides. Under Consultation Paper 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs, the corporate regulator is ...

FPA reschedules Congress

CHLOE WALKER  |  WEDNESDAY, 9 FEB 2022
The Financial Planning Association of Australia is rescheduling its annual FPA Professionals Congress to November, taking place in-person at the ICC in Sydney. The FPA's flagship event was originally planned for 7-8 April, but following conversations ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
A former Commonwealth Superannuation Scheme and APRA executive has developed a 'smart default' fund which he claims could boost retirement balances by more than 35%. Douglas Bucknell, founder and chief executive of Tailored Superannuation Solutions ...

AMP to delist from NZX

JAMIE WILLIAMSON  |  WEDNESDAY, 22 DEC 2021
AMP will only be listed on the Australian Securities Exchange from February, following a decision to delist from the New Zealand Exchange main board. AMP said the delisting supports the simplification of its shareholder administration ahead of demerging ...

Fidelity launches active ETF

KARREN VERGARA  |  MONDAY, 13 DEC 2021
... Alphabet, Apple, L'Oreal and Taiwan Semiconductor. The fund excludes investing in companies involved in tobacco, semi-automatic weapons, thermal coal, and controversial weapons. Fidelity recently launched a climate investing policy with a rating scheme ...

BT cuts super fees by $20m

ELIZABETH MCARTHUR  |  MONDAY, 13 DEC 2021
... halving their dollar-based annual administration fee from $108 to $56. BT said more than 470,000 members will have an automatic reduction in their annual administration fee from 1 February 2022, and it estimates the savings to members will top $20 million. ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

Vanguard launches automated investing solution

KARREN VERGARA  |  MONDAY, 15 NOV 2021
Vanguard's Personal Investor platform has launched a feature that automatically invests clients' money into managed funds. Auto Invest regularly debits accounts starting from $200 either fortnightly, monthly, or quarterly, and invests the funds ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
TelstraSuper has launched its version of a retirement income product that has a flexible cash allocation feature. The new Lifestyle investment options aim to generate consistent income and tax efficiencies, grow and preserve capital, and manage retirement-specific ...