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Showing 41 - 50 of 3054 results for Karren Vergara

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

SMSFA reappoints Hay-Bartlem as chair

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The SMSF Association announced that Scott Hay-Bartlem has been reappointed as its chair and will serve another two years. Hay-Bartlem joined the association as a director in July 2019 and was appointed chair in February 2022. With a background in law ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
Reforms underway to expand financial advice will have positive ramifications for the SMSF and APRA-regulated sectors as it will ultimately uplift outcomes in the retirement phase for all Australians, industry experts say. The first day of the annual ...

Link, The Trust Bank progress acquisition

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
Link Group is on track to become part of Mitsubishi UFJ Financial Group (The Trust Bank) by mid-2024, having kicked off work to integrate the businesses. In a trading update this morning, Link said it has filed all major regulatory approval submissions ...

Janus Henderson makes two senior appointments

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
Janus Henderson Investors appointed a local head of retail research for Australia and hired a sales director from T. Rowe Price. Craig McDonald was promoted to the newly created role of head of retail research for Australia, having previously served ...

Fund manager awards custody mandate

KARREN VERGARA  |  TUESDAY, 20 FEB 2024
A $16.6 billion fund manager has named Citi Securities Services as its new custodian and fund administrator. Ausbil Investment Management awarded the mandate following incumbent custodian NAB Asset Servicing (NAS) exiting the market. NAS has referred ...

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Mercer, AustralianSuper, Hostplus, UniSuper, and Brighter Super recorded the largest growth in member numbers, according to new analysis from Perple - People Performance, underscored by mergers and stiff competition. Using APRA data of the 2022-23 financial ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Australians want total control over how they spend their retirement savings but are willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Two of the world's major economies fell into recession at the end of 2023. The UK's gross domestic product (GDP) fell 0.3% in the fourth quarter of last year following a contraction of 0.1% in September quarter, according to the Office for National ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Platform providers' ability to innovate and improve administrative efficiencies are enabling financial advisers to digitally self-serve and improve client outcomes, according to SuitabilityHub. The 2024 platform market wrap found that the move to digital ...