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Showing 1 - 10 of 6390 results for %22March 2014%22

Active Super, Vision Super finally sign transfer deed

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
... talks, the two super funds have set a date for the successor fund transfer. Active Super will merge into Vision Super on 1 March 2025, following the signing of a successor fund transfer deed. It was initially expected to close in the middle of this year. ...

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... $18.6 million over five years to support recipients through increased flexibility to work, study and volunteer. From 20 March 2025, the existing 25 hours per week participation limit will be changed to 100 hours over four weeks. It will also no longer ...

Wholesale investor test reform has several ramifications: SIAA

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... participation by all relevant industry stakeholders to ensure it takes into account all possible consequential impacts." On March 20, a Parliamentary Joint Committee on Corporations and Financial Services launched an inquiry into the entire wholesale ...

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... $52.8 million in FUM, according to APRA data. Interestingly, the option has had the fund's highest return for the year to March 2024 end, coming in at 14.12%. For members in the option, their investment will be transferred and split evenly across the ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... Prakash's pivotal role in ASIC's investigation, make urgent ex parte orders necessary in the public interest. On 28 March 2023, the Court made orders preserving the assets of Prakash and the related companies and restrained him from leaving Australia. ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... up with strong enforcement action against trustees and advisers to deter future misconduct." Since the review wrapped in March 2023, Constant said there has been some response from the participating trustees in aggregate, but there's more to be done. ...

The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities. The BetaShares Crypto Innovators ETF (ASX: CRYP), with $158 million in net assets, led the pack with a 163.8% ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... review, ASIC looked at 10 trustees representing about eight million members and $923 billion in assets. Between April 2022 and March 2023, it found that 476,452 member accounts were charged $990.4 million in advice fees by 1803 licensees. It also found ...

J.P. Morgan hit with $775k penalty

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... on the futures market, ASX 24. The MDP said it should have suspected the 36 orders (placed between 11 January 2022 and 3 March 2022) were submitted with the intention of creating a false or misleading appearance with respect to the market for, or the ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... billion, which has been previously flagged. This translated to about an $18 million hit to revenue. A Morningstar note from March calculated the massive mandate loss represented about 9% of Platinum's FUM of $15.6 billion at the time. Incidentally ...
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