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Showing 981 - 990 of 4007 results for "Accounts"

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
... dated June 30, which advised trustees to review SOAs with respect to new advice fees charged to members' superannuation accounts. AFA acting chief executive Phil Anderson argued that SOAs are an agreement between a client and their adviser and contains ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... about products this year were credit card (14% of all complaints), followed by home loans (9%) and personal transaction accounts (8%). AFCA said nearly 70% of cases were resolved by agreement after AFCA brought the parties together, and that nearly 60% ...

SG rise to benefit 6.7m Australians: ISA

KANIKA SOOD  |  FRIDAY, 2 JUL 2021
... 30-year-old worker. It also expects about half of the $1.5 billion in extra SG payments over the next year to go to the accounts of under-40 workers. By gender, 3.41 million women will receive the SG boost compared to 3.36 million men, according to ISA ...

Westpac in fresh $87m remediation program

KARREN VERGARA  |  FRIDAY, 2 JUL 2021
... than a decade will see the big bank pay a hefty bill. The $87 million that will be remediated affects 32,000 customer accounts, ASIC announced this morning, noting that as much as 328,000 potential corporate action notifications fell through the cracks ...

Robinhood hit with record-breaking fine

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... and misleading information, concerning issues that relate to like margin trading; how much cash was in customers' accounts; how much buying power or negative buying power customers had. Robinhood also offered options trading to customers in December ...

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts as recommended by the Hayne Royal Commission. Recommendation 3.3 sought to prohibit the deduction of advice fees (other ...

IOOF hires from AustralianSuper

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... its legacy platforms and products onto Evolve, its new super and investments platform. The project saw 38,827 client accounts and about $5 billion funds under administration (FUA) being migrated onto Evolve. The company also recently completed its acquisition ...

GBST improves compliance checks

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... verification of a user prior to utilising SuperMatch, an ATO service that obtains details for active superannuation fund accounts. In the new process, the user's name, address, and date of birth must be verified against two reliable documents, including ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
"They gathered for the feast They stab it with their steely knives, But they just can't kill the beast." - The Eagles, 'Hotel California' Only a few days after the Reserve Bank of Australia (RBA) kept monetary policy settings unchanged and ...

ASIC removes Societe Generale restrictions

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
... 2017 when the bank withdrew client money over 4500 times from Australian clients and deposited the money into client accounts held by its Hong Kong operations. The second count took place within the same time frame, when Societe Generale deposited client ...