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Showing 981 - 990 of 11007 results for "Account"

Boutique investment manager hits the market

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
TWC Investment Management, a founder-owned and led boutique firm, has set up shop in Australia. The investment management firm, led by chief executive Owen Hereford and chief investment officer John Birkhold, formerly a portfolio manager at Origin Asset ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... several fraudulent applications to access the early release of super by using myGov accounts to claim to be other super account holders. SFCT chief and ATO deputy commissioner John Ford said: "This outcome sends a clear message to the community that ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... package of product performance metrics and insights, adding it may be "particularly detrimental" to members with lower account balances. APRA's Comprehensive Product Performance Package (CPPP), brings together the product performance metrics underpinning ...

ESSSuper ups admin fee cap

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... fund will increase its annual administration fee cap for Income Stream accounts from $750 to $1000. The fee cap for these account members went from $2120 to $750, as announced in July 2023. Since the fee reduction, however, the super fund "experienced ...

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
... selling the overvalued CMOs to the market. In one example, MIMBT executed 465 internal cross trades between a selling account and 11 retail mutual funds above independent current market prices. This resulted in the retail mutual funds absorbing losses ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
The Federal Court has made orders to freeze the assets of company director David McWilliams and numerous companies associated with him that offered investment opportunities in purpose-built, NDIS-compatible property development schemes. McWilliams and ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
... could only transfer part of their balance, and that they were required to maintain a minimum balance of $5000 in their account. The Court found that Rest's representations about rollover requests for Determination Members were neither false nor misleading. ...

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
... the launch of a wholesale CBDC is viable due to the placement of similar system that already exists -exchange settlement account balances (ESA). ESAs, which are only available to select financial institution, can also benefit from the development of ...

Megatrends impacting portfolio construction: Mercer

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
Mercer portfolios solutions leader Rebecca Jacques outlined some of the major trends investors need to take into consideration when building clients' portfolios at the Financial Standard Managed Accounts Forum. Jacques said there are several structural ...

Advisers reveal hurdles preventing SMA adoption

ELIZA BAVIN  |  THURSDAY, 19 SEP 2024
State Street Global Advisors (SSGA) head of model portfolios EMEA and APAC Kathleen Gallagher revealed the main concerns financial advisers have with employing managed accounts in their business, at the 2024 Financial Standard Managed Accounts Forum. ...