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Showing 1541 - 1550 of 11023 results for "Account"

Aware Super hires business development lead

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
Natalie Jarvis will join the fund in September to head up its business development function and assist in expanding its financial adviser network. Jarvis joins from Australian Unity where she worked since 2020 and most recently held the position of ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... need to generate 4.1% returns after costs to just break even. "... and to break even on a cash basis only, this does not account for the investment risks borne by the Future Funds," he highlighted. As per APRA's assessment, the Future Fund stands ...

Lonsec appoints new investments leadership

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... This includes renewing our commitment to partner with quality advice businesses to support them with tailored managed account solutions." Meanwhile, Lim said: "I am so excited to be joining Lonsec, a firm with a long history of research excellence that ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... the fund's earlier PDS, which mistakenly indicated that a monthly crediting rate was applied to both full and partial account withdrawals, regardless of whether a withdrawal was executed before the monthly rate had been declared. An updated PDS shows ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... "Superannuation is fundamental to ensuring a comfortable retirement, but we realised that there wasn't a Sharia account-based pension fund available to Australian Muslims. This can be particularly frustrating for large organisations that want to ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
Tax agents found evading laws could face over $780 million in penalties following the ongoing fallout of the PwC scandal. In what's being called the biggest crackdown on tax agent misconduct in Australian history, the government has bumped up fines ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
The $2.7 trillion managed investment scheme industry is set for a shakeup as a new review is proposing changes that include amending financial thresholds, and liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
The latest Investment Trends' Australian Online Investing Report has cited cost of living pressures as cause for the decline in online investing this year. Based on a survey of 22,324 investors and traders conducted from April to May, found about 1.28 ...

Commercial property deals stuck at 2011 levels

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Sales of local commercial property assets have dropped to the lowest levels since 2011 for the second straight quarter, says MSCI. Latest data from MSCI shows transaction volumes in Q2 were down 61% year on year, coming in at $7 billion. This was down ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... provide for retirement income and of course, you know, those last stages in a person's life has got to be taken into account in this." Earlier this year, the government released a draft objective for superannuation, to preserve savings and deliver ...