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Showing 1611 - 1620 of 4013 results for "Accounts"

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... solutions, moderation, regulation or industry codes of conduct, monitoring, automation, checks & delays, suspension of accounts and a range of other possible measures." Earlier this month, NZ Super chief executive Matt Whineray welcomed international ...

Former NAB adviser charged

JAMIE WILLIAMSON  |  TUESDAY, 23 APR 2019
... obtaining financial advantage by deception. It is alleged that between March 2016 and December 2016 Eung netted $166,500 from accounts held with MLC and Nulis Nominees despite the account holders not authorising the withdrawals. Eung was a licensed by ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
... rebates (0.05% to 0.20%) for members with balances between $100,000 to $500,000. This was previously only available to accounts above $800,000. This will improve outcomes for more than 60% of the members in the choice, CFS said. It translates to a $90 ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... and adviser service fees charged by NAB Advice Partnerships advisers. In fact, misconduct within its wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance sales and banking matters including incorrectly ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members with inactive accounts will be better off allowing the insurance to lapse." "Similarly, trustees should not be urging all members with low-balance ...

Super leaves retirees vulnerable: Research

HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... at least some of their savings in the higher growth asset class. According to the report, retirees with accumulation accounts feel tension about whether or not to stay invested in equities given the uncertainty around their life expectancy and "inadequate" ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... growth. KPMG said mergers and consolidation will continue to headline the industry. It forecasts the number of accumulation accounts will drop noticeably for industry and retail funds by FY20 as a result of consolidation. Excluding SMSFs, the number ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
Four key pieces of legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated ...

Australian fund caught in email scandal

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... Australian government fund, run by several former investment bankers, has been admonished for using non-official email accounts to conduct business with political and commercial sensitivities. The Auditor General said some of the Northern Australia Infrastructure ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... about the kind of oversight practices a trustee should be adopting." They also expect fees deducted from members' accounts and paid to third parties to be reviewed by an independent party. Both regulators will follow up on trustees' outcome of ...