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Showing 61 - 70 of 3515 results for "Accounts"

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... fees. The prudential regulator's analysis based on the 2023 superannuation performance test showed that 56% of member accounts in platform TDPs managed by RSE licensees underperformed their benchmark, with almost a third of these accounts floundering ...

BBY manager charged with aiding and abetting

KARREN VERGARA  |  WEDNESDAY, 29 NOV 2023
... $6.8 million of client funds out of BBY's futures client segregated account, a client money account, and then to other accounts. ASIC believes that such instructions intended to fund a margin payment to ASX Clear thus breached BBY's obligation to hold ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... firm Engine by Starling to launch the technology platform to house small business owners' transaction and savings accounts. "AMP Bank's near-term performance will continue to be affected by current market conditions. Current market conditions ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... such orders interact, thus operating as an exchange. Further, it engages in effecting securities transactions for the accounts of Kraken customers, therefore operating as a broker. The SEC explained Kraken also operates as a broker, buys, and sells securities ...

Colonial First State enhances FirstChoice with Elemnta

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
Colonial First State (CFS) rolled out a major enhancement to FirstChoice, reducing set-up time for new and existing accounts by up to 80%. CFS has worked with Elemnta to allow advisers to use existing client data via an integration with Xplan, reducing ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... invested in superannuation and investment options that could benefit from modernisation, impacting over 1.8 million customer accounts," FSC chief executive Blake Briggs said. "Allowing superannuation trustees and fund managers to move consumers to modern ...

Advisers turning to cash, fixed income: Data

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... reaching the highest level in three years. One in five advisers aim to diversify their product usage, with ETFs and managed accounts being the preferred choices. "With the backdrop of the most accelerated rate hike cycle in recent history (domestically ...

Super funds missing out on rich returns from Aussie agriculture

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... said. Nevertheless, McKay highlighted to Financial Standard the significant potential of the agricultural sector, which accounts for over 7% of Australia's economy yet remains underrepresented on the ASX, accounting for just $30 billion of a $1.6 trillion ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
Rochford Group launched a hedging solution for managed accounts that hold USD assets, to meet the growing need to simplify the management of AUD/USD currency exposures. Rochford Group has appointed Equity Trustees as responsible entity of its new fund ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... highlighted its actions from July to September, including a civil penalty imposed on AustralianSuper for not merging duplicate accounts, a lapse that led to members incurring $69 million in fees. However, ASIC's scrutiny extends beyond AustralianSuper ...