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Showing 401 - 410 of 4003 results for "Accounts"

Advisers reveal hurdles preventing SMA adoption

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
... portfolios EMEA and APAC Kathleen Gallagher revealed the main concerns financial advisers have with employing managed accounts in their business, at the 2024 Financial Standard Managed Accounts Forum. After surveying financial advisers, in partnership ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
... employers will be able to show employees their 'stapled' fund as part of the choice of fund to help reduce duplicate accounts. Advertising of super products at this stage will be limited to MySuper offerings that have passed the most recent performance ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... established in FY24 has skyrocketed, representing 5.2% of the total SMSF number of 625,609. The number of wind-ups of SMSF accounts have also dropped significantly, only seeing 1197 accounts shutting down in FY24 (missing Q4 data), comparing to 12,436 ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... 12 months or more, or inactive due to no contributions for five years or more. There is currently 333,000 lost super accounts, 192,000 of which belong to uncontactable members. In total they hold $11.8 billion in retirement savings. Of these, 55% of ...

MLC Super to slash admin fees for members

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... Fundamentals will drop from a maximum of 0.30% to 0.10%. The annual fee cap applied to Plum Retirement Income member accounts will be decreased from $2500 to $800, while the fee cap for MLC MasterKey Pension Fundamentals members will also drop to $800 ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... director for both companies which have since been deregistered. McCabe's victims believed they had foreign exchange trading accounts with access to "capital" funds to trade on a trading platform provided by a third party. Instead, only "test" accounts ...

Growing super balances show more work to be done: ASFA

MATTHEW WAI  |  MONDAY, 16 SEP 2024
... looked brighter," Delahunty added. The COVID-19 early release program is also a factor, with up to one million super accounts being left with less than $1000 in younger, lower-income workers' and single parents' accounts.

Coalition's super on parental leave changes spark concerns

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
... superannuation entitlement in a lump sum as it is 'the same level of financial support' as a payment into their super accounts is disingenuous," she said. "Due to compound interest, the impact on a woman's finances is $7500 at retirement ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... Keystone be liquidated. Tracy and Palaghia were initially appointed by the court to take control of Shield's bank accounts and provide a report on Shield's financial position in July 2024. In the expanded capacity of receivers, Tracy and Palaghia ...

Financial Standard wins Impact Award

STAFF WRITER  |  FRIDAY, 6 SEP 2024
... took home the gong for alternatives. In partner services, the category Financial Standard was nominated in, BT Managed Accounts scored Managed Account Offering of the Year, and Lifespan Financial Planning was awarded Dealer Group of the Year. "We are ...