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Showing 1571 - 1580 of 4013 results for "Accounts"

PYSP puts SMSFs at risk

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
... Often these funds hold small balances and are not regularly contributed to. The Government's PYSP reforms will see super accounts deemed inactive for 16 months in a row automatically relinquish their life cover, unless the member specifically directs ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... Australia's (RBA) decision to cut interest rates to a record low of 1.25% just a day before the Australian National Accounts were released. While the RBA's rate reduction would certainly help, note that the RBA monetary policy transmission mechanism ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
Financial advisers using Praemium's integrated managed accounts offering can now access the Cashwerkz platform. The two firms have entered a "data feed partnership" that will allow advisers using Praemium to access Cashwerkz's marketplace offering from ...

Russell Investments names wholesale partnerships lead

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
Russell Investments has hired a new head of wholesale partnerships to help grow the firm's footprint in the managed accounts space. Neil Rogan joined the fund manager last month, reporting to managing director for Australia Jodie Hampshire. Sydney-based ...

Suncorp Super faces action over adviser pay

JAMIE WILLIAMSON  |  TUESDAY, 4 JUN 2019
... begin contacting those impacted to advise as to their full and final refund. For members who had closed their Suncorp accounts, the fund had to establish a new fee-free account for them in order to pay their refund. An administrative error saw these ...

Spitfire acquires adviser platform, names chief

ELIZABETH MCARTHUR, KARREN VERGARA  |  MONDAY, 3 JUN 2019
... senior roles, where he led the product development and design teams responsible for BT Panorama's investment, managed accounts and superannuation capabilities. He previously worked at Commonwealth Bank, Macquarie Bank, GBST and Morgan Stanley. Johnson ...

Managed accounts provider recruits portfolio manager

KARREN VERGARA  |  MONDAY, 3 JUN 2019
A managed accounts provider has hired a long-serving portfolio manager from Hyperion Asset Management. Elston Asset Management appointed Justin Woerner as a portfolio manager in April. He spent more than 14 years at Hyperion, starting out as an investment ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... designation error in relation to three regulatory reporting data fields with respect to certain client electronic trading accounts. There was no negative impact to clients. Macquarie wrote to all clients at the time advising them of the errors," Macquarie ...

Consolidation hits super fund administrators

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... the demand during [the second half of] FY2019." Part of the new law requires the ATO to sweep inactive superannuation accounts, firstly in October 2019 and then in April 2020. Link flagged that some funds are already moving to transfer inactive member ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
... REI is introducing the changes "to help protect members who are not making regular contributions to their accumulation accounts or have account balances below $6000," it explained. "As a result of the legislative change described above, we have also ...