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Showing 11 - 20 of 3540 results for %22Accounts%22

Active Super, Vision Super finally sign transfer deed

JAMIE WILLIAMSON  |  THURSDAY, 16 MAY 2024
... middle of this year. Combined, the funds have about $29 billion in funds under management on behalf of 170,000 member accounts. The two first signed a Memorandum of Understanding to explore a merger in June 2022. At the time, their combined assets were ...

Spaceship expands Voyager suite

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... About seven years later, it's still yet to achieve such numbers. As at December 2023, Spaceship had 21,340 member accounts and $773 million in assets. The fund it's merging into, OneSuper, has recently received a significant boost when ING's ...

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... of the relevant period. At the end of December 2022, prior to the performance test result, the option had 910 member accounts invested and about $58.8 million in funds under management (FUM). At the end of 2023, following the result, there was 740 members ...

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... getting much more personal. From a product perspective, technology has unlocked tax-efficient personalisation for managed accounts at scale, including things like direct indexing, and these products are growing at a faster pace than ETFs," she said. ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... importation. Even after CBA became aware of suspected terrorism financing, money laundering and/or structuring on CBA accounts in 38 instances, AUSTRAC at the time accused CBA did not appropriately monitor its customers to mitigate and manage money laundering ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... by aggrieved individuals, based on ASIC's current analysis, could significantly exceed the amounts held in their accounts, making any asset dissipation detrimental to their chances of recovery. Although there is no current evidence suggesting Prakash ...

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

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... report highlighting the failure of several super funds to adequately monitor and question fee deductions from member accounts being made by financial advisers and licensees. In its review of 10 trustees, ASIC found three trustees don't perform any ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... 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 that some trustees have advice fee caps as high ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... often slow, unresponsive, and not member focused." Overnight, UniSuper told members they would be able to log in to their accounts from midday today and that account balances displayed would be as at last week. Still, transactions will not be possible ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... members would only pay tax on realised capital gains. "Unlike pooled super funds, Stockspot Super will offer discrete accounts so you won't pay for the future tax liabilities of other fund members," it said. Transparency is also a key feature, Stockspot ...