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Showing 541 - 550 of 4003 results for "Accounts"

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... longer time horizons of young investors. Notably, Australians under the age of 40 account for over 10 million MySuper accounts, indicating an investment timeframe of 25 to 40 years before their superannuation becomes accessible. "The problem of being ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... fined $15 million by the Federal Court for misleading customers over the funds available to them in select credit card accounts. "ASIC will continue to take action against banks who fail in their duty to act efficiently, honestly and fairly in dealings ...

GSFM to distribute Access Capital Partners offering to HNWs

CHLOE WALKER  |  FRIDAY, 8 DEC 2023
... investments, secondary transactions and direct co-investment opportunities through dedicated vehicles and segregated accounts. Key drivers of value are pricing discipline, controlled levels of leverage, combined with turnover and EBITDA growth, achieved ...

Qantas Super takes merger plans to new heights

JAMIE WILLIAMSON  |  TUESDAY, 5 DEC 2023
... super fund choice. The intent of the change was to reduce the likelihood of people unintentionally having multiple super accounts - a worthy goal - however one of the side effects of this change is that Qantas Super will not grow its new membership as ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... protection (such as a deferred guaranteed income stream that commences later in life), forward-planned income stream that accounts for the member's preferences (such as higher income at earlier ages), and an investment allocation that adjusts the investment ...

SMSF Association, CA ANZ rally against super tax changes

ANDREW MCKEAN  |  FRIDAY, 1 DEC 2023
The SMSF Association and Chartered Accounts ANZ (CA ANZ) have urgently called for the rejection of a newly proposed bill that would double tax on many Australians superannuation earnings. Yesterday in Parliament, assistant treasurer Stephen Jones introduced ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... be charged," the documents state. "In that regard, once the adviser service fees were deducted from the members' accounts, they were paid over to the relevant advisers who were not employed by the trustee." The court recognised that OnePath expressed ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... SmartMonday) and now Verve Super, now ranks among the top 15 largest superannuation group in the market, with total member accounts of 383,000. Just last month, Future Super acquired GuildSuper, a fund whose members are also predominately female, catering ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... fees. The prudential regulator's analysis based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs managed by RSE licensees underperformed their benchmark, with almost a third of these accounts floundering ...

BBY manager charged with aiding and abetting

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... $6.8 million of client funds out of BBY's futures client segregated account, a client money account, and then to other accounts. ASIC believes that such instructions intended to fund a margin payment to ASX Clear thus breached BBY's obligation to hold ...