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Showing 951 - 960 of 4007 results for "Accounts"

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... advice. "Westpac was actively conducting a sales campaign aimed at rolling customers from their existing superannuation accounts into Westpac superannuation products. In doing this, Westpac failed to act in the best interests of their customers," ASIC ...

Perpetual hires distribution lead, ramps up expansion

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... team. The major acquisitions saw the group's assets under management jump 246% to $98.3 billion, its full-year 2021 accounts released this morning show. PAMI's total AUM contributed $73.6 billion. Perpetual chief executive and managing director ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... failed to understand Halifax's business and failed to design appropriate tests to identify material misstatements in the accounts, while Evett failed to take responsibility for the overall conduct of the audits and did not ensure that staff had the skills ...

Netwealth boosts profit

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... $54.1 million. Funds under administration rose 49.6% to $47.1 billion with $9.8 billion in inflows for the year. Managed accounts funds under management jumped nearly 70% to $9.8 billion while managed funds grew 29% to $1.9 billion. Platform revenue ...

Financial services market skyrockets

ANNABELLE DICKSON  |  WEDNESDAY, 18 AUG 2021
... at $3.06 trillion. However, the overall share in the market declined by 0.9% points from a year ago. Direct investment accounts for 12.8% of the financial services market with a value of $1.39 trillion, up from 12.1% and increased by $225 billion from ...

CBA to publicise misconduct

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... that require it to publish notices on its website and newsroom for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period. CBA is required to publish a written and audio-visual notice ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... recorded $2.9 billion in funds under administration, which comprises investments, superannuation and separately managed accounts administration. Offerings include 15 multi-manager funds, 57 external managed funds and term deposits. All in all, funds ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... the federal government's legislation made it mandatory for superannuation funds to transfer low-balance or dormant accounts to the ATO. AUSfund decided to transfer member accounts with over $6000 to Hostplus (totaling $210 million) after a tender ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there should be between 17 million and 20 ...

Netwealth hires head of investment solutions

JAMIE WILLIAMSON  |  WEDNESDAY, 11 AUG 2021
As part of a broader strategy to grow its asset management and managed accounts offerings, Netwealth has hired the former head of private wealth at Nikko Asset Management. A spokesperson for Netwealth confirmed Naomi Finnigan has been appointed to the ...