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Showing 241 - 250 of 4001 results for "Accounts"

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
... April 2021, McCabe misled the investors by providing them with specific funds and access to foreign exchange trading accounts on a third-party platform. But in reality, investors were provided "test" trading accounts that "were not capable of placing ...

MLC Expand reduces fees

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... fees, representing a 25% reduction," MLC Expand chief executive Liz McCarthy said. These reductions will also benefit accounts in linked groups where balances are aggregated for fee purposes. McCarthy added the price reduction is a "perfect example" ...

Equip Super, TelstraSuper terminate merger plans

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
... member growth, high member advocacy, and a growing retirement segment. As at December end, TelstraSuper had 97,420 member accounts, some 71,540 of which were active. The median account balance was $152,000 and the median member age was 53; close to 60% ...

Scrutiny, costs major hurdles to boosting IPOs

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... structure, saying the increase in disintermediation in markets and rise of exchange-traded funds and separately managed accounts may prove efficient for the wealth management industry and its clients - but it's less positive for listed companies. This ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... ombudsman to meet its new authorisation condition that "enables AFCA to investigate and consider scams involving mule accounts and the actions of receiving banks in scam complaints." The change will supposedly provide greater fairness, transparency and ...

Zenith to farewell co-founder, managing director

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... "Both David and Jason have played an instrumental role in shaping the leading investment research, ratings and managed accounts business that exists today," Zenith said. "Their vision, leadership and hard work have helped build a strong foundation for ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... Management. Between July 2019 and January 2020, Valvo dishonestly obtained $110,000 from his clients' superannuation accounts. An ASIC investigation identified that Valvo submitted ad hoc adviser fee forms for 12 clients which purported to authorise ...

Dexus accused of breaching confidentiality in airport stake sale

ANDREW MCKEAN  |  FRIDAY, 16 MAY 2025
... disclosure obligations." The Dexus Bloc represents around 10% of Dexus' total third-party funds under management and accounts for approximately $15 million of its management fees post tax.

Prime Super calls time on sustainable option

JAMIE WILLIAMSON  |  THURSDAY, 15 MAY 2025
... members are invested in the option; most are in the accumulation phase, with less than 60 pension or TTR members. It accounts for only $33 million of Prime Super's total funds under management. Those still invested in the option on June 4 will be moved ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... The class action alleged the trustees breached their duties by delaying the transition of about 330,000 members' accounts to cheaper MySuper products. Most members were part of The Universal Super Scheme which merged with others to become MLC Super ...