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Showing 481 - 490 of 1206 results for "Switch"

Super fund slashes fees, switches administrator

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... family law benefit split fees ($88) have been removed. The Sydney-based super fund also announced it will automatically switch balances to the cash option for members who have passed away, provided formal notification of their death is received. This ...

ETFs: Buy strategy not structure

DARREN SNYDER  |  THURSDAY, 15 NOV 2018
... investors were moving from unlisted managed funds to listed offerings. However it is much more than an active and passive switch. "An investor might move from an actively managed fund to a Vanguard managed fund, that's active to passive. But what's ...

AustralianSuper changes property option

KANIKA SOOD  |  FRIDAY, 9 NOV 2018
AustralianSuper is changing the terms of its property option but says it is not in response to an impending property crash. Starting November 19, Australia's largest super fund will put a 70% cap on the amount that a member can invest in its property ...

Asset manager shutters two funds

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... "consolidate the product range into a more efficient structure." Investors impacted by the closures were given the opportunity to switch to the Nikko AM Australian Share Wholesale Fund. The fund manager told investors it stopped receiving applications ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...

Super funds react to market sell off

KANIKA SOOD  |  MONDAY, 29 OCT 2018
... they could end up worse off in the longer term. "When markets fall, it's a natural human response to panic, but if you switch your money to 'safer' asset classes such as cash and bonds, you risk missing out on benefitting from the recovery ...

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie, Bendigo Bank and Bank of Queensland who continue to lend ...

Don't use multiple SMSFs to dodge tax: ATO

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
Self-managed super fund trustees are using multiple SMSFs to manipulate tax outcomes, Australian Taxation Office deputy commissioner superannuation James O'Halloran said in his speech to the National SMSF Conference in Melbourne. The ATO believes 13,600 ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... would not be moved into the fund's MySuper product. It pointed out that such a transfer is not a matter of "flicking a switch." Given the complexity of the product offering within the Suncorp Master Trust and prior to completing its Super Simplification ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
Pressures of the Royal Commission, the Life Insurance Framework and educational reforms are prompting risk advisers to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there ...