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Showing 501 - 510 of 10996 results for "Account"

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ...

Elanor rebuffs Lederer's governance concerns

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
Elanor Investors Group has clapped back at potential acquirer Lederer Group for making "inaccurate assertions" about its governance and management capabilities. In providing an update on the proposed acquisition of its ASX-listed Elanor Commercial Property ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... (DBFO) Tranche 1 has inundated financial advisers with angst and more administrative work thanks to confusion surrounding account number inclusion in consent forms, according to the Financial Advice Association Australia (FAAA). Consent forms missing ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... later expanded to join Avanteos Investments (AIL) as a party in respect of claims regarding the FirstWrap Pooled Cash Account. CBA said the court has ordered that mediation take place by 8 May 2026 and the matter is listed for a trial commencing 9 November ...

ETF Shares awards fund administration mandate

MATTHEW WAI  |  TUESDAY, 12 AUG 2025
Following its launch earlier this year, ETF Shares has selected Apex Group to provide end-to-end fund administration and custodian services. ETF Shares was launched only a few months ago, co-founded by chief executive Cliff Man, chief investment officer ...

CFS prices advice practice valuation gap at $1.1m

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... when they consider the value of their business, but there's so much more to it than that. They also need to take into account the non-financial aspects because that's what exposes them to risks and ultimately drives down their value." About one third ...

MLC adds term deposits, ETFs to Expand

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
MLC Expand has launched its new Essential+ investment menu, offering access to term deposits and exchange traded funds (ETFs) from a range of Australian financial institutions. The Essential+ menu complements the existing suite of MLC managed funds ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
Four residents of Victoria have been charged with a slew of money laundering offences for allegedly using fake social media advertisement and investment comparison sites to help run a bond scam. ASIC alleges that between January and July 2021, Dimitrios ...

Invesco acquires RetireAustralia for $845m

ELIZA BAVIN  |  FRIDAY, 8 AUG 2025
Invesco Real Estate has agreed to acquire RetireAustralia from Infratil and NZ Superannuation Fund for $845 million. Invesco Real Estate head of Asia Pacific Calvin Chou said the acquisition of RetireAustralia represented a unique investment opportunity ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... for measuring fund offerings can be providing members options for drawdowns other than minimum drawdown rates (MDR) for account-based pensions. The paper suggests a simple indicator could include "a 'Yes'/'No' response on whether trustees ...