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Showing 481 - 490 of 4003 results for "Accounts"

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 ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... UniSuper's systems, including its app, have been down for about a week now, with members unable to access their online accounts. Among other things, they also cannot consolidate their super or make withdrawal requests. The fund also hasn't been ...

Insignia FUM grows by $11bn, completes platform migration

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... single wrap migration in the Australian platform industry. Completed at the end of March, the migration saw 94,000 client accounts move from MLC Wrap, MLC Navigator and associated offers to Expand. Insignia chief distribution officer and head of superannuation ...

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... $500,000. Currently, the percentage fee applies to the first $800,000 of member account balances in each Super Savings accounts they hold. From July 1, the percentage fee will apply to the first $500,000. As a result, administration fees will effectively ...

AMP Advice partners with BlackRock and Lonsec

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... self-licensees. AMP group executive, advice Matt Lawler said he was excited to launch a unique entry point into managed accounts for advice practices. "Through this innovative new offer, AMP-aligned practices as well as smaller eligible practices through ...

Goldman Sachs ditches robo-adviser Marcus Invest

KARREN VERGARA  |  FRIDAY, 26 APR 2024
... years after announcing it will launch the digital adviser. Betterment will acquire Marcus Invest's digital investing accounts for an undisclosed figure. Goldman Sachs, however, will retain Marcus Invest's online savings accounts that holds about ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management accounts. ASIC chair Joe Longo said fraud controls were increasingly important and the case against Macquarie has sent an important ...

Spaceship Super to land somewhere new

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 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 ...