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Showing 41 - 50 of 7532 results for %22June 2011%22

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... Meantime, the three-year bring forward limits will increase from $330,000 to $360,000, unless they have been triggered by 30 June 2024. If they have, then the $330,000 limit will still apply. The increase does not apply to the $1.9 million total super ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... provide appropriate SMSF advice. Jaidka most recently was an adviser at Merit Wealth under Diverger from October 2022 to June 2023. Before that Jaidka was with the SMSF Advisers Network, The SMSF Expert, and GPS Wealth. Over five years, Jaidka agreed ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled new members in income protection insurance without their active consent. It also claims ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... Dexus office portfolio and Dexus industrial portfolio softened 32 basis points to 5.53%, and 42 basis points to 5.18% from June 30 to 31 December 2023, respectively. Operationally, Dexus saw a 4.5% increase in underlying funds from operations (excluding ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... non-executive director Mike Hirst succeeding her as the new chair. Hazelton joined the AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. ...

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... the court he wanted to enter a guilty plea as soon as possible. An ASIC investigation found that between January 2020 and June 2022 he obtained at least $440,000 from 79 clients, primarily contacting them via email addresses he had obtained when employed ...

Scarcity buys stake in asset manager

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... aims to invest in up to 15 asset managers and targets returns of 20% per annum. The fund wants to raise over $200 million by June 2024. Founded in 2023, Scarcity touts itself as an independent investment firm that invests in middle-market asset managers. ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... Israel's Elbit Systems - public companies that produce defence intelligence and weapons-related solutions. For the period ending June 2023, Aware's Accumulation Growth option, had some $24.7 million in BAE and $6.4 million Honeywell. It held ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... financial year, close to $1 trillion of which is in MySuper products. Total contributions into MySuper products in the year to 30 June 2023 were $134 billion, while $76 billion was paid out in benefits. The average account balance in a MySuper product ...

Equity Trustees adds more super fund clients

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... of Guild by Future Group. The Clearview Retirement Plan was established in 1987 and is home to about 12,500 members. As at June 2023, it had about $2 billion in funds under management. Its trustee was ClearView Life Nominees. Meantime, Guild has about ...