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Showing 1 - 10 of 1032 results for %22June 16 issue%22

FCA issues notices to Link Fund Solutions, Woodford

KARREN VERGARA  |  FRIDAY, 12 APR 2024
... regulator blamed Link Group's subsidiary LFS for failing to manage the liquidity of the fund between 31 July 2018 and 3 June 2019, when the fund was suspended. LFS failed "to act with due skill, care and diligence", the FCA said, adding that it did ...

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
... 1200 people across Australia. The fund intends to fully liquidate its investments by April 30. Remaining 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 ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... liquidity issues and persistently trading below its net asset value. The listed investment trust (LIT) is set to delist on June 14, with trades suspending on June 10. Responsible entity, The Trust Company, said the move is in the best interests of unitholders. ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... capture consumer dissatisfaction and work with their customers to resolve these types of cases earlier," he said. Between June and December 2023, some 71% of cases that bypassed IDR related to delayed claims; 69% came from service quality issues; and ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... For the first year of operations, the CSLR levy is estimated to cost $4.8 million to cover the period from April 2 to 30 June 2024. This will be funded by the government. The CSLR will pay 11 claims for this period, one of which is for a Dixon Advisory ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... will pay for the first levy period which covers compensation claims and costs from April 2, when the CSLR takes effect, to June 30. In the second round, advisers will foot the bill of $18.5 million to cover the period of July 1 to 30 June 2025. Financial ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... relating to allegations of misleading statements regarding the Bloom Climate Impact Fund (Bloom Fund). From March 2022 to June 2023, MSC, as trustee and responsible entity of the Bloom Fund, made statements in the fund's product disclosure statement ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... have contributed to a substantial reduction in superannuation insurance coverage for death benefits; a 36% reduction from June 2018 to June 2023. A comparable decline was observed in the coverage for Total and Permanent Disability (TPD). The previous ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... capital gain in super," she said. Another issue SMSFs must bear in mind is that Division 296 targets future gains from 30 June 2025. "The gains we're making now are never captured by Div 296 as long as we get valuations right at 30 June 2025," she ...

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Burgess told the SMSFA National Conference that the proposed 30% taxation on $3 million super balances could become law by June 30 this year. "The only questions that remains is whether the government's proposal not to index the cap and to tax unrealised ...
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