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Showing 71 - 80 of 1033 results for %22June 16 issue%22

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... support for Aracon. Consequently, the trustee decided to transfer all remaining Aracon Super divisions to other funds by June 30. During the Annual Member Meeting, Aracon executive general manager David Warren explained that Aracon's limited distribution ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... has just published its major statistics on lost and unclaimed super. "Since November 2019 when we started doing that up to June last year, we proactively consolidated about 4.7 million accounts with about $7.1 billion in it," she said. "While we're ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... large entities employing multiple advisers. "The total number of advisers covered by those full licences will be known in June, once their details have been linked to each licence-holders' registration on the Financial Service Providers Register," he ...

Super fund reaches dispute settlement

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAR 2023
... alloy atomisation plant, with the terms of the lease initially reached in January 2022. The 10-year lease was to commence 1 June 2022 at $521,000 plus GST and outgoings, with annual increment of 3%. However, the plans were dumped about a year later following ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... Enva entities being resolved and any debt at completion greater than $2.7 million subtracted from deferred payments. Last June, TIP acquired boutique firm Burman Invest, which was set up by Julia Lee, formerly of Bell Direct. At the time, the group said ...

ASIC questioned over workplace culture

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
... from the Treasury Secretary informing him of the confidential investigation into Chester's conduct was received on 1 June 2021, his first day in office as chair. He said that after careful consideration he felt the likelihood of the issue reoccurring ...

ASIC cracks down on CHESS issues

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... produce two special reports to make sure that the exchange rectifies its deficiencies. The External Review Special Report, due June 30, will be an independent review into the CHESS replacement project. The second additional report, P PPM Special Report ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... misleading or deceptive conduct and received commissions but provided no advice. A trial date is set for March 2024. Between June and December 2022, CBA saw an increase in the provision for aligned advice remediation for former authorised representatives ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... role. He took on the role in January 2003, joining from EY where he was a consultant to the super sector. However, between June 2000 and July 2001 he served as legalsuper's deputy fund secretary - the fund was then known as Legal Industry Superannuation ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... also represented a range of sectors and held a collective 5.1 million member accounts and $361 billion in assets, as at 30 June 2021.