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Showing 381 - 390 of 4003 results for "Accounts"

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 ...

Expand bolsters SMA offerings amid $10bn milestone

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
Expand, Insignia Financial's wrap platform, has added 11 new separately managed accounts (SMA) from Betashares and Drummond Capital Partners to its investment menu. The announcement coincides with the platform hitting $10 billion in funds under management ...

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
Acclaim Wealth has partnered with Managed Portfolios to enter the managed accounts space through a managed discretionary account (MDA) service. Acclaim Wealth chief executive Terry Constable, who succeeded Alan Hegerty in October 2023, told Financial ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts and to merge those accounts, where doing so was in the member's best interests. ASIC said failing to merge duplicate accounts ...

Managed account FUM passes $200bn

MATTHEW WAI  |  WEDNESDAY, 9 OCT 2024
The amount of money held in managed accounts surpassed $205 billion in the first half of the year. According to the FUM Census of Managed Accounts, compiled by the Institute of Managed Account Professionals (IMAP) and Milliman, in the six months to ...

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... Subject to court approval, the settlement entitles thousands of members with OnePath or ANZ superannuation or pension accounts to compensation, which will be paid to group members who register with the firm. The class action alleged that OPC breached ...

Choice products continue to overshadow MySuper: APRA

MATTHEW WAI  |  THURSDAY, 3 OCT 2024
... June quarter saw the superannuation industry amassing $2.37 trillion across 986 superannuation products and 22.8 million accounts, according to APRA's latest data. Of which, $1.2 trillion sits across choice products. Of the 812 choice products 463 ...

Tribel Advisory adopts estate planning solution

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... intergenerational wealth transfer is around $4.9 trillion. This excludes $3.7 trillion of superannuation and money in savings accounts that aren't easily quantifiable. Yodal chief executive Brandon Thompson said traditionally, advisers have had little-to-no ...

Australian Food Super picks TAL for group insurance

JAMIE WILLIAMSON  |  TUESDAY, 1 OCT 2024
... membership base. At the time it had about 65,000 members. As at March end, APRA data shows the fund has 68,470 member accounts and $3.12 billion in funds under management. Only 54,600 of these accounts are active. The fund's median account balance is ...