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Showing 701 - 710 of 4973 results for "Limit"

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... superannuation balances, whereby those exceeding the cap received the concessional tax rate only on the amount below the limit. The government incentivised pension payments by setting a higher cap for those using their super for an income stream pension ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
Link Group flagged it is in "advanced confidential discussions" with the UK's financial markets regulator to settle its investigation against the failed Woodford Equity Income Fund. The case has dragged on since 2019, when fundie Mark Woodford went ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
abrdn is terminating five funds as part of the consolidation of the local business, key to which is its recent partnership with SG Hiscock. The fund manager has confirmed it will terminate a raft of funds on or around March 15, including some of its ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
Despite reporting bumper profits this morning, Commonwealth Bank continues to put out fires from its misconduct stemming from the Hayne Royal Commission, as it looks to tackle several class actions in 2023. One ongoing lawsuit alleges that Colonial ...

Reporting season may prove dramatic: UBS

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
Ongoing rate hikes will add a little drama to this year's reporting season; however, experts say things might be looking up for active stock pickers. UBS explained this is due to markets exiting the macro-driven stage of the market cycle and transitioning ...

Platinum Asset Management adds stewardship lead

RACHEL ALEMBAKIS  |  FRIDAY, 10 FEB 2023
Platinum Asset Management has hired a head of stewardship. Julia Bailey joins Platinum Asset Management from Melior Investment Management, where she was head of advocacy. Platinum head of investment Douglas Isles cited Bailey's almost 20 year-experience ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... have to provide an SoA. The report is also calling for an amendment to the design and distribution obligations (DDO) to limit the exception to the requirement to take reasonable steps to ensure the distribution of a financial product is consistent with ...

Australian Unity recruits Vanguard veteran

ANDREW MCKEAN  |  TUESDAY, 7 FEB 2023
Australian Unity has a new executive general manager of operations for its Wealth and Capital Markets platform, recruiting from Vanguard. Australian Unity named Michael McGavigan as its new executive general manager; he joined the company on February ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

HUB24 appoints chief people officer

CASSANDRA BALDINI  |  THURSDAY, 2 FEB 2023
HUB24 has welcomed a new chief people officer in Amy Rixon. Rixon joined the group executive team yesterday and has over 20 years of leadership and HR experience. Most recently, she held the position of chief people officer at Frucor Suntory. While ...