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Showing 1701 - 1710 of 4013 results for "Accounts"

PC calls for group insurance review

KARREN VERGARA  |  FRIDAY, 11 JAN 2019
... members with low incomes, whose retirement balances can be eroded by up to 14% by insurance premiums. Unintended multiple accounts cost members nearly $1.9 billion a year in excess insurance premiums and $690 million in excess administration fees, the ...

Superannuation a mystery to students: survey

KANIKA SOOD  |  THURSDAY, 10 JAN 2019
... survey conducted by Student Services Australia, (Student Super's sister company) using the StudentVIP database which accounts for 50% of all university students in Australia. Student Services Australia has been conducting the survey for the last ...

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... the percentage of members was not disclosed. From this, the commission said it can be inferred that at least 2% of all accounts in the super system are subject to trailing adviser commissions. This is likely a significant underestimate given the gaps ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... to curb members defaulting into a new super fund every time they change jobs and incidentally "clean up" the multiple accounts issue, the Commission wants workers to be defaulted once, if they do not have an existing super account and fail to make a ...

ASFA, ISA, FSC weigh in on the final report

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... said the Productivity Commission's consumer safeguards were inadequate and ignored big opportunities to boost member accounts. "In essence the Productivity Commission is abandoning the proven, low-cost industrial default system in favour of a choice-first ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... Management (BTFM) provided personal financial product advice to 15 customers over the consolidation of superannuation accounts. WSAL and BTFM are only permitted to provide general advice under their respective Australian Financial Services Licence (AFSL). ...

AustralianSuper members exposed to security breach

KARREN VERGARA  |  TUESDAY, 1 JAN 2019
The accounts of about 11,000 AustralianSuper members have been the target of a security breach. Australia's largest superannuation fund, with about 2.2 million members, said it has detected the "unauthorised access," which occurred earlier this ...

Sahota's fund makes first close

KANIKA SOOD  |  FRIDAY, 21 DEC 2018
... loans is a good addition to certain portfolios." Revolution AM says it is also in further discussions regarding separate accounts. The fund will hold 20 to 30 investments picked from Australia New Zealand commercial real estate debt, asset backed securities ...

CFS study finds managed accounts improve advice

KANIKA SOOD  |  FRIDAY, 21 DEC 2018
... advisers now have a number for how much more time they can expect to spend with their clients if they switch to managed accounts. A new whitepaper published by Colonial First State this week found advisers using managed accounts were spending 23% more ...

Former adviser charged over super theft

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... director of Wealth Achievers. It is alleged McSweeny transferred client funds - mostly retirement savings - into bank accounts held in the name of two other businesses he was sole director of, Constantia Capital and Prettoria Capital. ASIC alleges that ...