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Showing 11 - 16 of 16 results for "Personal Accounts"

MySuper flips members out of millions: CSSA

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... has warned. The practice of flipping members from less expensive corporate super accounts into more expensive personal accounts was effectively banned in 2012 with the passing of the Stronger Super reforms. However, the CSSA said members who were flipped ...

ASIC bans former Citibank manager

RACHEL DAVIS  |  TUESDAY, 20 SEP 2011
... containing fictitious account balances. Further, ASIC found that in March 2010, Cai transferred US$527,900 to her personal accounts from a client account including $170,000 to facilitate payments to her own mortgage. The impacted clients have been reimbursed ...

Adviser sentenced to 8yrs imprisonment

ELISE BURGESS  |  FRIDAY, 29 OCT 2010
... Townsville's District Court after an ASIC investigation concluded that he dishonestly gained a benefit for his personal accounts and his company Understanding Retirement to the total of $975,250. Eight clients provided the cash to Dodd in the understanding ...

Funds resist SG "me too" pension scheme

MICHELLE BALTAZAR  |  WEDNESDAY, 12 AUG 2009
... low to really make a dent on retirement income savings. Anonymous comments from participants include "the 2012 Personal Accounts scheme will be as much of a failure as Stakeholder Pensions" and that the scheme won't be the panacea for boosting pensions ...

UK govt to introduce personal accounts scheme

COMPANY RELEASE  |  TUESDAY, 3 FEB 2009
... London-based Datamonitor is urging pension providers to talk to existing clients about the impact of the impending Personal Accounts legislation. The Personal Accounts scheme, which the UK government is implementing to encourage more public saving, received ...

Adviser jailed for five and a half years

HAMISH MADDEN  |  FRIDAY, 9 FEB 2007
... things, that Hoy had obtained $368,000 from investors by convincing them to deposit funds into various company and personal accounts where they would be invested in a term deposit promising 10 per cent yield or more. He used this money for his own purposes. ...
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