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Showing 31 - 40 of 787 results for %22Australian Administration Services%22

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... that has recently come to light from the nation's largest super fund and its administrator Australian Administration Services. In May, AustralianSuper said it will refund $70 million it overcharged 100,000 members after it failed to detect that they ...

Ignition poaches from Bravura Solutions

CHLOE WALKER  |  WEDNESDAY, 9 AUG 2023
... Ignition Advice's new business development director for Asia Pacific. Speirs brings over 25 years' experience in the Australian wealth management industry, the last 16 years being at Bravura. He has also held tenures at Westpac and Macquarie Bank. In ...

Blackwattle selects Apex Group for administration

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... Blackwattle. "Who have brought a refreshing approach to the market which has been received enthusiastically by the Australian investment community," he said. "Our fund solutions will free up the time and resources of the Blackwattle investment team ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... obligations, including where they serve on the boards of multiple companies in a corporate group," said Court. The Australian Financial Complaints Authority (AFCA) counted 1726 Dixon Advisory-related complaints at the end of June 2023.

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

Aware Super returns 10.7% for FY23

CASSANDRA BALDINI  |  FRIDAY, 7 JUL 2023
... members near retirement age and invests in high growth for members up to the age of 56. The result comes in ahead of Australian Retirement Trust (10%), HESTA (9.59%), Cbus (8.95%) and AustralianSuper (8.22%). With 1.1 million members and $160 billion ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... removal of the freeze in light of the flaws in the model being used to calculate the levy, and the negative impact on Australian consumers who will ultimately bear the costs," she said.

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... direction," he said. Kristine Pham, private wealth adviser at Lipman Burgon & Partners, said anything that streamlines administration for clients and compliance obligations for advisers is welcome. "This means we can focus more on managing and servicing ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... credit intermediation, securities dealing and/or credit. It enables consumers who have an unpaid determination from the Australian Financial Complaints Authority to be compensated up to $150,000. Consumers will be able to lodge claims for compensation ...