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Showing 1491 - 1500 of 11017 results for "Account"

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... superannuation fund, saying the fund failed to have adequate policies and procedures to identify members who held more than one account and merge those accounts where it was deemed to be in the member's best interests. ASIC says the conduct went ...

Investing in research generates threefold economic output

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023
... administration (by both claimants and the agencies that administer it)," she said. "However this cost doesn't take into account taxes recovered downstream (income tax from employees, reduction to franking credits, etc.). Further measuring the benefits ...

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
APRA has found early signs of change in the remuneration practices of financial services entities in a review of how Prudential Standard CPS 511 has been applied. In a letter to all APRA-regulated entities, the regulator said it was pleased with the ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ...

Colonial First State previews new MA offering

CHLOE WALKER  |  WEDNESDAY, 6 SEP 2023
... transparent and institutional pricing, but we will also waive the percentage-based administration fee on CFS Edge where managed account comprises only Accelerate investments offered through CFS Edge." Through the Accelerate Series, advisers will be able ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... 19% in the year to June to reach a record high of $161.7 billion. This is according to the latest Institute of Managed Account Professionals (IMAP) and Milliman figures, which canvassed 48 firms in their survey. Separately managed accounts (SMA) comprise ...

Insignia Financial promotes two key staffers

ELIZABETH FRY  |  MONDAY, 4 SEP 2023
Insignia Financial has named a state manager for New South Wales, as well as a new national manager for multi-asset investments. Firstly, Andrew Rockliff has started a new job as state manager for New South Wales. He was promoted from national sales ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
Hostplus and Maritime Super have finalised their merger, following a due diligence process that began with the signing of a successor funds transfer deed last December. The merger aims to scale up the capabilities of both superannuation funds, offering ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... information about it after ASIC determined the TMD to be "defined too broadly", with the regulator saying it didn't adequately account for the risks and features of the fund, and that information within the TMD was inconsistent. As at 30 June 2022, the ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements. Canva was at the forefront ...