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Showing 1671 - 1680 of 4013 results for "Accounts"

Class appoints chief executive

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... to $19 million compared to the prior year. Net profit after tax was up 2% to $4.4 million. It had a total of 174,212 accounts; the majority (96%) are SMSF clients.

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... yesterday, Industry Super Australia chief executive Bernie Dean said stapling is not the solution to the problem of multiple accounts. "It will potentially worsen the problem for people who are stuck in a dud fund," Dean said in a conversation with Financial ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... $6000. Exit fees have also been abolished. Rainmaker Information said APRA data shows there are about five million super accounts with less than $1000. Forty-eight percent of these funds are held in not-for-profit funds and 52% in retail funds. What ...

Chief economist update: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
... Census Bureau's latest update on retail spending - which constitutes the bulk of household spending that, in turn, accounts for about 70% of the US economy - showed that US retail sales dropped by 1.2% in the month of December - the biggest monthly ...

MGP chief executive departs

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
Managed Accounts Holdings announced its chief executive will leave on "mutual" terms. David Heather will exit the MGP Group on 10 May 2019 after four years in the top job. MGP said in a statement that Heather "leaves by mutual agreement as the company ...

InvestSense hires head of adviser solutions

KARREN VERGARA  |  THURSDAY, 14 FEB 2019
... at a time of growth and significant change for the financial services industry, particularly as the demand for managed accounts surges. Andronaco said he's seeing the migration to managed accounts by the financial adviser community. InvestSense's key ...

Royal Commission dampens superannuation success

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
... superannuation system with "fault lines" as a result of the Royal Commission, which had far-ranging effects. Unintended multiple accounts, entrenched underperforming funds, conflicted or ineffective boards and inappropriate interpretations of best interest ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... which has occurred since November." The BOE was spot on. Perhaps it's already seen in advance the UK's National Accounts report for the December 2018 quarter, perhaps not. But the point is that the British economy has indeed slowed sharply in ...

MGP chair steps down

KARREN VERGARA  |  MONDAY, 11 FEB 2019
Managed Accounts Holdings chair Don Sharp has stepped down from the position and is being replaced by Peter Brook. Sharp will focus on other responsibilities and continue as an executive director of MGP. He will continue as acting group chief financial ...

State government awards super fund mandate

KARREN VERGARA  |  MONDAY, 11 FEB 2019
... AustralianSuper, which finished its contract on 9 February 2019. Statewide will also manage NTGPASS members' accumulation accounts - both the savings and earnings components. The transfer is expected to be completed by mid-2019. The Northern Territory ...