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Showing 1551 - 1560 of 11098 results for "Members"

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... for early access to super on compassionate grounds. Rest chief executive Vicki Doyle said the fund's nearly two million members, over a million of whom are women and young adults, stand to gain from the reforms promoting fairness in the super system. ...

Rest hires policy lead from HESTA

JAMIE WILLIAMSON  |  THURSDAY, 16 NOV 2023
... will prove enormously valuable as we continue our work to champion the best financial interests of our almost two million members and seek to represent their interests in our public policy engagements and activity." For his part, Burgio said: "Our superannuation ...

ASIC strips institutional broker's AFSL

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
ASIC has suspended JB Markets' Australian financial services licence (AFSL), restricting the firm to only terminating existing client arrangements. The corporate regulator revoked JB Markets' AFSL due to non-compliance with financial requirements and ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... the case was to be heard in August, but AMP agreed to the settlement ahead of its commencement. There are 18,702 group members in the action, comprising AMP shareholders and others who claim to have suffered loss or damage because of the misconduct and ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... partnership. According to the venture fund, the five new universities will match the remaining commitments of its existing members, contributing an additional $6.75 million to Uniseed Fund-3. This will bring the total fund size to $56.75 million. Considering ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by the Federal Court, E&P said the class action "will be dismissed against E&P, Mr Alan ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... September, including a civil penalty imposed on AustralianSuper for not merging duplicate accounts, a lapse that led to members incurring $69 million in fees. However, ASIC's scrutiny extends beyond AustralianSuper, having identified widespread issues ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... the least expensive segment with average fees of 0.65% per annum, while MySuper options, covering the largest number of members, maintains competitive average fees of 1% per annum as of June 30. Rainmaker Information research manager Pooja Antil highlighted ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... self-employed financial advisers. As part of the deal, Nestworth will also become the "preferred provider" of financial advice to members and staff of Australian Unity. The "augmented advice group" will support the financial wellbeing of approximately ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... (Recommendation 10). The legislation aims to clarify the legal basis in which superannuation trustees can charge individual members for financial advice from their account, as well as clarify any tax consequences (Recommendation 7). "Superannuation trustees ...