Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 166 results for "Beneficiary"

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... of which has not been disclosed to Treasury. In addition, the spokesperson said that AustralianSuper has been a net beneficiary of recent account reunification efforts by the ATO - also a part of the PYS changes. Explaining the fee, AustralianSuper said ...

SMSF adviser hit with ban

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... establish SMSFs and, among other things, invest in the Bateau Global Opportunities Fund." Blazejczyk was not only the beneficiary of the SMSF administration services he recommended but the investment manager of Bateau Global Opportunities Fund. He failed ...

APRA floats insurance in super change

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... the certification once every two years. Super funds would also be required to ensure that any status attributed to a beneficiary in connection with the provision of insurance is fair and reasonable, implementing recommendation 4.15. "These proposed amendments ...

Platform hires former Netwealth distribution head

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2019
... big bank platforms as financial advisers continue to leave those groups," he said. "We are very happy to be a major beneficiary of that and to have this growth."

Pengana to acquire stake in US firm

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
... investors are now looking to make structural changed to their portfolios, and global small caps should be a great beneficiary of this." Pengana said it will inject working capital into Lizard in order to grow and diversify the business as well as provide ...

Leaving a legacy

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... political terms or socioeconomic terms. My wife had similar views and so we were keen to try and build on that. I was the beneficiary of a good education and a good upbringing and that is in my mind still sufficient to start people off on building a ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction ...

Managed accounts grow, but education remains low

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... effectiveness and less administration." Investment Trends chief executive Michael Blomfield said advisers were not the sole beneficiary when managed accounts were used, noting more than half of surveyed advisers believe transparency was a key attraction ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... Certified Financial Planner, had backdated advice documents to clients and incorrectly witnessed binding nomination of beneficiary forms. He also attempted to mislead the regulator by way of providing client files with documents that had been created ...

NAB to end financial planning compliance issue

HARRISON WORLEY  |  TUESDAY, 15 JAN 2019
... compliance issue that originally surfaced in 2017. The issue saw NAB Financial Planning conduct a review of client beneficiary nomination forms after the bank found an adviser and their support staff did not correctly witness client BNFs. NAB has moved ...