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Showing 721 - 730 of 8803 results for "Sam"

Brighter Super makes fee, death benefit changes

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
Brighter Super is reducing administration fees from January 1, while also introducing a weekly account keeping fee. It's also changing the way death benefits are dealt with. Effective January, the annual percentage-based admin fee charged to Brighter ...

Super funds 'playing to their strengths' in private markets

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
Super funds are proving a good case study for investing in private assets, according to Morningstar's 2025 outlook. "Australia's super funds have successfully pioneered investment in asset classes such as unlisted infrastructure and property for decades ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The UK's Financial Conduct Authority (FCA) has fined Macquarie Bank's London Branch (MBL) $25 million (£13m) for enabling one of its employees to record over 400 fictitious trades over a 20-month period. The fictitious trades also cost MBL an estimated ...

CI Financial taken private by Mubadala Capital

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
CI Financial, which owns most of GSFM, is being acquired by Mubadala Capital, a subsidiary of the United Arab Emirates' sovereign wealth fund. CI Financial, which is listed on the Toronto Stock Exchange, will be taken private by Mubadala Capital in ...

Inconsistencies abound in Future Fund mandate change: Deloitte

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Given its strong performance, the bar for making changes to the Future Fund's mandate should be set very high and Treasury's latest directive does not meet that threshold, Deloitte Access Economics says, adding they raise more questions than they answer. ...

Top asset owners return to growth: Study

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Assets of the top 100 asset owners globally returned to growth last year, with five Australian funds placed on the list and commanding 3% of the total assets. The Asset Owner 100 study from the Thinking Ahead Institute shows the world's top 100 asset ...

Can technology help advisers service the masses?

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
Financial advisers who choose to serve the masses instead of specialising must reckon with how to leverage technology to make this possible amidst the influx of wealth Australians do not know how to plan for, according to industry experts. A panel of ...

Insignia completes MLC, NAB separation

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
Insignia Financial has completed the separation of MLC from NAB, transitioning the MLC MasterKey and Plum registries. Insignia Financial has transferred 700,000 MasterKey and Plum accounts, 55 systems and applications and more than 100 terabytes of ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The SMSF Association (SMSFA) has welcomed reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
A Matrix Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for ...