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Showing 841 - 850 of 4007 results for "Accounts"

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... judgement. In handing down his decision, Justice Beach made note of the fact the unlawful deduction of amounts from member accounts eroded their super balances. The commissions charged totaled $9 million, ASIC said, with deputy chair Sarah Court adding ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... across their investment performance, fees, insurance, operations, and extra services. The 193 products rated AAA in 2022 accounts for 28% of those assessed. It is also fewer products than the 198 which received the AAA rating in 2021. Funds that received ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions made through its bulk transaction system ...

Vanguard Personal Investor sees Delta boom

CHLOE WALKER  |  TUESDAY, 5 APR 2022
... the firm's newly launched Investor Insights series, Vanguard's Personal Investor platform saw a64% increase in accounts who were depositing during the Delta lockdowns in 2021. The series provides observations dedicated to understanding what drives ...

Superhero to offer Qantas points

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... investors can enter a maximum of three times per day. Investors with individual, trust, company, SMSF and minor trading accounts are also all eligible to enter. The offer is not applicable to members of Superhero's retail super offering. The giveaway ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... alleged that CFS deliberately delayed transferring super fund members to the cheaper MySuper products, and left them in accounts with unnecessarily high fees, bearing the cost of commissions to financial planners, and receiving lower investment returns. ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... all metrics measured. APRA looked at the three sustainability metrics in the 2021 MySuper and Choice heatmaps; member accounts, cash flows and rollovers. The regulator found administration and operating expenses for super funds with less than $10 billion ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... veterans, carers, welfare recipients and concession card holders will receive a one-off payment of $250 in their bank accounts which will be automatically rolled out in April. According to Treasurer Josh Frydenberg, the tax-exempt payment along with ...

New scaled advice offering launches

JAMIE WILLIAMSON  |  TUESDAY, 29 MAR 2022
... also access calculators and tools, track their spending, and access low-cost diversified superannuation and investment accounts through Scientiam. "Many advisers are grappling with how to profitably service segments of their client base and, beyond that ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... wants to see the annual superannuation cap replaced with a lifetime contribution cap and provided for joint spousal super accounts. "The superannuation 'glass ceiling' is real, and these two steps could go a long way to making things fairer for women ...