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Showing 371 - 380 of 4001 results for "Accounts"

JP Morgan subsidiaries fined $230m by regulator

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... when the affiliate took months to sell out of positions. JPMS made a payment of $136 million (US$90m) to 1500 investor accounts and was fined a further $15 million (US$10m) which will also be given to investors. In the second action, the SEC found JPMS ...

Cbus names chief strategy officer

ELIZABETH FRY  |  FRIDAY, 1 NOV 2024
... of workers in the building and construction industries in the 1980s, there would be no regular payment of super into accounts," he said. "Our members work hard for Australia and work hard to enjoy their retirement. It is an honour to be able to contribute ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... reports. "The main contributor for this increase was a 15% increase in the number of reports relating to superannuation accounts from the previous reporting period," it said. ASIC said staff negligence and/or error continued to be the most common root ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... most significant reforms to the financial advice laws in a decade," he said. Treasury analysis shows about 50% of member accounts have a balance of at least $100,000 in the year before the member passes away. "But worse still, if members cannot get advice ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... result of increased adviser interest in Insignia's managed account offering, with $315 million going into MLC Managed Accounts. Its direct capabilities saw $964 million in net outflows due to institutional clients rebalancing within the Antares business ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... schemes are closed, they still manage approximately $462 billion in member benefits, across nearly one million member accounts, Edibam said at a media roundtable. Edibam added that most DB funds in Australia are large public sector funds and remain "very ...

Shifting retirement intentions require super rule change: ASFA

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... preservation age can't draw down on their super, and top up the same account," she said. "Being forced to have two or more accounts - one account to take money from and one to put money into - doesn't make sense with our modern, fluid approaches to retirement." ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... the quarter, Praemium welcomes five new client organisations to out Scope services." The Praemium separately managed accounts (SMA) scheme achieved quarterly net inflows of $165 million. The strong level of gross inflows was assisted by a return to conventional ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... currently in the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts on November 22 unless they inform the super fund otherwise. ESSSuper announced in August that it launched the new option in ...

Consultant hires investment solution head

MATTHEW WAI  |  THURSDAY, 17 OCT 2024
... the firm. He brings almost 20 years of experience to the fold. Vong has a track record in asset consulting and managed accounts; aside from his recent stint at Mason Stevens, Vong was stationed at Macquarie Group for over 13 years where he served as ...