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Showing 2461 - 2470 of 22782 results for "Funds"

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... there's a worrying trend where large superannuation entities, purportedly influenced by unions and the Labor Party, misuse funds for non-beneficial purposes such as propaganda campaigns and substantial payments to unions, Bragg said. The BFID was designed ...

ESSSuper welcomes strategy lead

ELIZABETH FRY  |  FRIDAY, 23 FEB 2024
... intelligence manager. During her career in the financial services industry, she has worked with Bank of New York Mellon, Advance Funds Management, Perpetual Trustees, and AXA. ESSSuper group executive of strategy brand and insights Duncan Winton said ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... accountancy firm, K2 Advisors, dedicated to vocational training providers. He also offered guidance on self-managed superannuation funds for real estate purchase, receiving referrals from accountants, mortgage brokers, and property advisors.

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... impacted by costs related to its ongoing restructure and increased remediation provisions, resulting in a $49 million loss. Its funds under management and advice increased by $15.5 billion to $300.6 billion, while net revenues increased 0.6% to $695.7 ...

JANA wins mandate from public sector super fund

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... well-positioned to assist clients achieve their investment outcome objectives," she said. As of 30 December 2023, JANA's total funds under advice was over $1.3 trillion. According to research from Rainmaker Information, JANA holds a commanding market ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... informed options, and the advice and adviser network to deliver the very best outcomes in retirement. Self-managed super funds are an integral part of that choice," he said. "Self-managed super was a key component of the original practice legislated ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... other charges. The director encouraged investors to rollover their superannuation into newly created SMSFs and lend those funds to two companies where he was a director. Today, ASIC said it accepted a court-enforceable undertaking from former financial ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... repaid," she said. Trends show that newly set up SMSFs were more likely to engage in such behaviour as opposed to established funds. About two thirds of the total $930 million that was at risk over these years relates to individuals entering with no ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... Jones revealed the first two tranches of the QAR reforms. The second phase proposes opening financial advice to banks, super funds, and insurers. On the point that accountants appear to be missing from the Delivering Better Financial Outcomes proposed ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... scrutiny via Your Future, Your Super are driving demand for risk and compliance talent. Ongoing consolidation among super funds and sustained growth in funds management, particularly alternative managers, are also driving demand, she said. However, despite ...