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Showing 1 - 10 of 498 results for "Directed"

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... scrutinised by ASIC to ensure consumers are protected and that they comply with regulatory obligations." The Court has directed the parties to confer with respect to directions that may be made for further hearing to determine the remaining questions ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... that failed to either join forces with another fund via a merger or close the options. The inaugural test for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the test, of which 20 were non-platform products (4%) and 76 were ...

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... fees charged to members. The test has been applied to MySuper products since 1 July 2021 and was extended to Trustee-Directed Products (TDPs) on 1 July 2023. In the latest test, which was the first to include TDPs, 97 products failed; 96 of these were ...

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
... members have until June 14 to notify the trustee which alternative super fund they'd like their retirement savings to be directed to. To assist members in doing so, MFMRF will provide up to $2000 to each member to receive financial advice, giving them ...

Advised investors spurring SMSF rebound

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... According to new research from AUSIEX, new SMSF account openings were driven by advised clients as the number of self-directed investors opening SMSF accounts declined. Perhaps unsurprisingly, generation X - those likely to inherit the bulk of the intergenerational ...

New campaign pushes for reproductive leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... perimenopause, as well as the availability and usage of workplace policies will also be considered. In doing so, it's been directed to consider how other jurisdictions support workers. Recent statistics from the Association of Superannuation Funds ...

Government to pay super on paid parental leave

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... announced the proposed $3 million superannuation tax last year, it was hoped the additional revenues derived would be directed to paying super on PPL. At the time, the government said it would do so when it could afford to. This enhancement follows the ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... immediately and will make a meaningful difference to women at retirement. "We need to ensure super tax concessions are directed to those who need it the most," she said. Also in its submission, the SMC is urging the government to pay super to under-18 ...

Betashares to launch Nasdaq ETFs

CHLOE WALKER  |  THURSDAY, 8 FEB 2024
... ever are recommending ETFs, especially to younger clients. Nearly a third (30.9%) of buying volumes from advisers was directed to ETFs in 2023, up from a quarter in 2022. The figure was even higher for younger advised investors, with ETFs accounting ...

Brite Advisors to be wound up

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... familiar with the case, having worked as investigative accountants and as receivers since October last year. The Court was directed to key findings outlined in a report Smith and Kirman lodged on January 24, which stated that Brite was likely insolvent ...
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