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Showing 1 - 10 of 100+ results for "Accounts"

BNP Paribas AM appoints wholesale distribution head

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... from within to fill the role of head of wholesale distribution for Australia and New Zealand. Previously head of key accounts and research within the wholesale distribution team, Thira Ngoeun now leads that team, effective January 1. Ngoeun is now responsible ...

Federal Court imposes $4m penalty on industry fund

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... more than $2.5 million in insurance premiums to members who no longer held insurance as part of their superannuation accounts. This led to the risk that fund members may have found themselves without insurance when they needed it. "When it discovered ...

Clime finalises ownership deal, appoints CIO

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
... and managed discretionary account solution with Ralton is in exchange for a 75% ownership in the latter. The managed accounts strategy is set to have $330 million in assets under management. The equity ownership is due to finalise is February. As part ...

New adviser, intermediary solutions lead at Russell

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
... nearly three years. In his new role, Rogan is responsible for Russell's wholesale, direct to adviser, funds, managed accounts and exchange-traded fund offerings in Australia. His previous financial services experience includes working in senior roles ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... of members. The fund is due to be terminated on March 1 with the fund to stop receiving contributions to accumulation accounts on February 4 and cease pension payments on February 11. Members have been requested to inform the fund of a new super product ...

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
... into the calculation of the daily unit price of some of the investment options in the QSuper accumulation and income accounts. "This means that over the next two to three years, the investment transaction costs of the merger will reduce the unit prices ...

VGI Partners confirms merger talks

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... - VGI Partners Global Investments (VG1) and VGI Partners Asian Investments (VG8). It also offers individually managed accounts that target wealthy investors. VGI has been criticised by investors David Kingston and Malcolm McComas, who questioned its ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... July. Thirteen MySuper products failed the government's new bright line performance test covering one million member accounts." However, APRA numbers from November 2021 suggest member movement due to the new Your Future, Your Super performance test has ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... provide terminal medical condition benefits or death-only or incapacity benefits. Excluding these identifies insurance-only accounts. Otherwise, government co-contributions to insurance accounts would contribute towards the insurance premium rather than ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... director, shareholder, and employee. ASIC alleges she operated between 5 August 2019 and 9 February 2021, opening three bank accounts held in the name of Driven by Results to establish the business. The Commonwealth Director of Public Prosecutions presided ...
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