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Showing 731 - 740 of 2783 results for "TES"

Stake sets $3 brokerage for ASX-listed stocks

KANIKA SOOD  |  MONDAY, 13 SEP 2021
Stake, best known for its $0 brokerage on 6000 American stocks and ETFs, will now offer ASX-listed stocks and ETFs for a $3 brokerage fee. The four-year-old firm is currently running the ASX brokerage in beta test version during which the brokerage ...

Auditor referral threshold test troubling: SMSFA

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
The SMSF Association is concerned that the introduction of a 20% threshold for auditor referral fees does not address at what point in time the threshold test must be considered or applied. The Accounting Professional & Ethical Standards Board introduced ...

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
EISS Super chief executive Alex Hutchison has resigned, after the fund failed the performance test and during its planned merger with TWUSUPER. Hutchison resigned yesterday and requested it be effective immediately. EISS Super chief financial officer ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

ETFs hit $125bn milestone

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
Australia's exchange-traded fund sector reached another milestone, hitting $125 billion in August. Equity ETFs continue to dominate inflows, representing the majority (85%) of total flows for the month. International equity ETFs had over $1.4 billion ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The Federal Court has found Colonial First State misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
As calls for the Future Fund to become Australia's default superannuation manager are renewed, Rainmaker Information has run the numbers on what that might look like. Speculation over whether the sovereign wealth fund should be charged with managing ...

State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
State Street is adding 400 new roles to bolster its technology and cybersecurity support for its global operations. The roles will be based in Kilkenny, Ireland where it currently employs some 2000 staff across Dublin, Drogheda and Naas. The new unit ...

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
Two days after shelving a planned merger, NGS Super informed members of plans to increase fees on some investment options from October. A spokesperson for the fund said the fee increases "has no connection" to its scrapped merger with Australian Catholic ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...