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Showing 1521 - 1530 of 4013 results for "Accounts"

Cull flat fees for small pensions: Report

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
Pension funds should stop charging flat fees on small and dormant accounts, a report produced by the United Kingdom Work and Pensions Committee recommends. The report said even if a pension fund makes a good return, a flat fee structure can completely ...

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
... short-seller has valued Rural Funds Management's agricultural fund as "ultimately worthless," alleging it is falsifying accounts and over-inflating assets. Bonitas is accusing RFM, the responsible entity for ASX-listed Rural Funds Group (ASX: RFF) ...

BT advice boss lands new role

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
... manager of BT Financial Advice, who was grilled at Royal Commission hearings last year, will lead an ASX-listed managed accounts provider for a $500,000 base salary. Michael Wright will join Xplore Wealth (formerly Managed Accounts Holdings) effective ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... providing financial advice after ASIC's investigation found Michael took loans for himself from four of his clients' SMSF accounts to the tune of $204,000. He used the loans to stave off bankruptcy, pay his children's private school fees and gamble. ...

Imminent launch for start-up super fund

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... ETFs and direct shares. The fund also offers life insurance that members can cancel any time. Operating within a managed accounts solution provides transparent and competitive fees, as well as help members calculate and pay individual taxes, Hall added. ...

More jobs more problems: FSC

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... shows 2.1 million Australians held multiple jobs in 2016-17, meaning they are likely to hold multiple superannuation accounts. The Financial Services Council (FSC) said the data should be strong motivation to fix the default superannuation system. With ...

Australian equity markets remain clean: ASIC

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... market cleanliness improved in 2017 and 2018 to settle around 2015 levels. The results showed that, on average, 0.6% of accounts that traded before material price-sensitive announcements were deemed suspicious, with these accounts trading profitably ...

Patersons launches first SMAs

ELIZABETH MCARTHUR  |  THURSDAY, 1 AUG 2019
... and Australian Income Portfolio. The SMAs are positioned as a lower cost investment option than most advised managed accounts offerings. "We see the two models that we've launched as being a very good low-cost alternative for small balance clients ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
Managed accounts have reached a growth milestone, now making up 29% of the investment market in Australia. Managed accounts funds under administration grew by 17% to $51 billion in the 12 months to March, according to Rainmaker data. Platform funds ...

Advice software firm appoints sales lead

KRISTI CHENG  |  WEDNESDAY, 31 JUL 2019
... of successful product launches over many years with cash, superannuation, annuities, and more recently in the managed accounts space, for institutions including Macquarie Bank and Challenger. "He will bring a great understanding of different styles of ...