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| | | ... member's account, can often result in a large increase in the deceased member's balance," it said. "If the death benefit is not subsequently paid to beneficiaries before the end of the income year, it could result in a Division 296 tax liability which ... |
| | | | ... entities. The other is Equity Trustees Superannuation Limited (ETSL), which is currently facing legal action from ASIC, accused of not doing enough to prevent superannuation members losing millions of dollars from the Shield Master Fund's collapse. In ... |
| | | | New research found almost three quarters of Australian financial advisers (73%) used ETFs for their clients' portfolios last year, as the investment vehicle plays an increasingly significant role in managed accounts. The number is set to increase to ... |
| | | | Contrary to US government rhetoric, the cost of US import tariffs is not borne by foreign exporters, according to new research from the Kiel Institute for the World Economy. The report revealed that instead, they hit the American economy itself. The ... |
| | | | ... retail clients who took on opposing long and short positions. ASIC said these investors incurred higher funding costs but could not profit from their opposing CFD positions. "Each year, thousands of Australians lose money trading CFDs and through our ... |
| | | | ... businesses, as well as completing the sale of AMP Capital, and settling a number of class actions. She said stepping back was not a decision she made lightly. "AMP has undertaken significant transformation to become a simpler, customer-focused, and growth-oriented ... |
| | | | ... Research, the Spanish economy is growing at double the pace of the EU. Its unemployment rate has reduced to 10.5%, a level not seen since before the Global Financial Crisis. However, the research showed Spain struggles with a productivity issue, with ... |
| | | | ... on defending itself against culpability for the Shield Master Fund collapse and ensuing investor losses, blaming ASIC for not doing its job, as well as third-party providers for their failures. Releasing its Summary of Defence document last week, which ... |
| | | | ... billion on external fund manager fees, with nearly 60% of the amount going to equity fund managers. While APRA's data does not breakdown passive versus active mandates, it does show that equity fund managers comprise a large portion of the investment ... |
| | | | ... like many do. "A family member will generally be trusted and want the best for you, but unfortunately, their knowledge may not be just where it needs to be to give you the advice you need, and they may be unwittingly overprotective of you," he said. ... |
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