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Showing 81 - 90 of 100+ results for "March"

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
... 1, trustees and financial advisers must have the proper processes and systems in place to meet the new regulation. On 2 March 2021, the Advice Fees and Independence Act received Royal Assent, limiting the advice fee deductions from superannuation accounts ...

Qantas Super introduces passive option, drops fees

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... plan, Qantas has opted to temporarily reduce the contributions it makes into the fund's defined benefit pool. As at March 31, the pool had a surplus of $234 million - about 11% more than what is needed to meet member benefits. Qantas will resume ...

ASIC cancels BBY licence

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... services licence held by stockbroker BBY Limited, after suspending it in May 2015 for three years. BBY's AFSL will go until 31 March 2022 only for the purposes of giving clients access to external dispute resolution and the National Guarantee Fund, and ...

TelstraSuper lowers admin fee

ELIZABETH MCARTHUR  |  TUESDAY, 29 JUN 2021
... MySuper option was among the top five best performing MySuper options in the country on a three-year basis at the end of March 2021, according to Rainmaker research, returning 9.2%. In March this year, the fund opened its doors to friends and family ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... Australian Bureau of Statistics' (ABS) 'National Accounts' show the Australian economy expanded by 1.8% in the March 2021 quarter - the third consecutive quarter of growth since the pandemic-induced recession in the March and June quarters ...

Mary Manning exits Ellerston Capital

KANIKA SOOD  |  MONDAY, 28 JUN 2021
Ellerston Capital's portfolio manager for Asia strategies Mary Manning has resigned, and will join another boutique. Manning was the portfolio manager of the Ellerston Asia Growth Fund, which invested in Asia ex-Japan stocks and returned 1.3% over ...

Adviser slapped with four-year ban

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... adviser of FF Planning Solutions, previously known as Fort Financial Group, an authorised representative of InterPrac since March 2017. Last year, ASIC banned former financial adviser David Horton for five years, who also worked at Meritum and FF Planning ...

KPMG promotes two super experts

KARREN VERGARA  |  MONDAY, 28 JUN 2021
... superannuation advisory, actuarial and financial risk, will become a partner on July 1. She joined the consulting firm in March 2016, having previously worked at BT Financial Group, Asgard, St George Bank, Commonwealth Bank and Macquarie. Storniolo also ...

Mainstream bidding war over

ANNABELLE DICKSON  |  MONDAY, 28 JUN 2021
... inflows delivered a 21% uptick in FUA from the previous quarter. The administrator currently has 348 clients and 1042 funds at March end, up 1% (five net new clients) and 13% (162 net new funds) respectively from the December quarter. Apex Group delivers ...

Chief economist update: Japan still waiting for the sun to rise

BENJAMIN ONG  |  MONDAY, 28 JUN 2021
The upward revision to Japan's March quarter GDP growth - to an annualised rate of 3.9% (from the preliminary estimate of 5.1%) - provides cold comfort to an economy that remains stuck in a rut and continues to reel from the coronavirus pandemic. ...