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Showing 471 - 480 of 2662 results for "SEPA"

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
Fund manager GAM has confirmed it is talks with UK asset manager Liontrust Asset Management over a potential sale. In a short announcement to shareholders, GAM added that it is also in similar discussions with others. It said it is "working tirelessly ...

UniSuper awards private debt mandate to Revolution AM

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
UniSuper has selected Revolution Asset Management to manage an Australian and New Zealand private debt portfolio. Revolution Asset Management's separately managed portfolio, established earlier this year, has been actively allocating capital to ...

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
David Locke has been reappointed as chief executive and chief ombudsman of the Australian Financial Complaints Authority, as the body marks $1 billion in compensation delivered to consumers since its inception. Locke will serve a second five-year term ...

SG Hiscock commences abrdn fund changes

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
Changes to several abrdn funds are due to be rolled out this month, following the handover of its Australian equities business to SG Hiscock. The fund manager has notified investors that changes will be made to the abrdn Ex-20 Australian Equities Fund ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

ASIC bans Gold Coast adviser

CHLOE WALKER  |  FRIDAY, 31 MAR 2023
Gold Coast-based financial adviser Jeneve Matai has been banned from providing financial services for four years. Matai, an authorised representative and financial adviser of National Advice Solutions, was banned by ASIC in December last year for failing ...

Managed accounts achieve record inflows: IMAP

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
In the six months to 31 December 2022, funds under management (FUM) in managed accounts increased to reach a new high of $144.5 billion, according to the latest data by the Institute of Managed Account Professionals (IMAP) and Milliman. This is up 9.8% ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
Some NGS Super members have had their private data compromised in an attack on the fund's systems. The fund was the victim of a cyber-attack on Friday, March 17 during which some of its systems were accessed. The fund said they were only accessed ...

Advice industry must change as population ages: Expert

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
Superannuation is one of the great successes of modern pension systems but as more people live longer, it's financial advice that will need to pivot, the Conference of Major Superannuation Funds has heard. Professionals Congress London Business ...