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Showing 151 - 160 of 3531 results for "Accounts"

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
... with the same employer. This prevents an estimated $330 million annually from being contributed to the superannuation accounts of people under the age of 18. ISA chief executive Bernie Dean said: "This is an out-of-date law that discriminates against ...

abrdn's Jollie outlines next steps

ELIZABETH FRY  |  FRIDAY, 7 JUL 2023
... Australian investors. "abrdn remains committed to the Australian market through differentiated investment solutions, managed accounts, active ETFs, sustainable investment strategies and digital advice." Some people remain on the ground to support these ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... in APRA-regulated funds ($2.1 trillion), overshadowing the $875 billion held in MySuper products. But MySuper member accounts (14.1 million) outnumber Choice accounts (7.4 million). APRA data also revealed that of Choice products, accumulation products ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... will continue to be able to access a rich suite of online features, such as sophisticated cash management tools, managed accounts technology and automated rebalancing and Record of Advice functionality," Netwealth added. Commenting, Netwealth managing ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... Macdonald said. "abrdn remains committed to the Australian market through differentiated investment solutions, managed accounts, active ETFs, sustainable investment strategies and digital advice." Fletcher added: "We look forward to working with the ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... first time in its history, the superannuation system is going to see retirement phase withdrawals coming from its largest accounts. Those in the 60-64 age group have an average balance of $323,000 compared to the younger generations, where those in the ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... increased interest in a super product is issued. ASIC's review, however, found instances where funds weren't kept in suitable accounts, were not held for the required period, or were not properly identified or disclosed. ASIC commissioner Danielle Press ...

ASIC permanently bans former financial adviser

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
... John Wertheimer has been banned by the regulator after he was convicted of using the Netwealth platform to access client accounts and make unauthorised transactions. In May 2020, Wertheimer made 48 unauthorised transactions on the trading accounts of ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... area where we think are interesting opportunities, and we want to leverage our strengths. We are very strong in managed accounts and we're very strong in digital, so we see those areas as great opportunities to continue to be market leaders," he ...