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Showing 10261 - 10270 of 28277 results for "NOT"

Banks vow to end grandfathered commissions

KANIKA SOOD | WEDNESDAY, 10 OCT 2018

The banking industry wants to dismantle the legislative framework that allows financial advisers to receive grandfathered commissions and end fees for no service across the industry, ABA chief Anna Bligh said in Sydney this morning. To this end, the ...

What do future asset managers look like?

DARREN SNYDER | WEDNESDAY, 10 OCT 2018

... with other key compass points being global talent; insights driven; and long-term focus. "When looking at pensions, it is not enough to simply take a pot of money and invest it with fiduciary compliant and benchmark aligned returns," Willcox said. "Portfolio ...

ASIC bans Spectrum Wealth adviser

KARREN VERGARA | WEDNESDAY, 10 OCT 2018

... then analyses these reports as well as other data to identify a group of high-risk advisers. The resulting high-risk list is not in itself an assessment of poor quality advice, ASIC said, rather helps target surveillance activity. The LILD Project was ...

Analysts await next Magellan move

KANIKA SOOD | TUESDAY, 9 OCT 2018

... "management merry-go-round" to be a considerable change. "Remuneration structures remain the same and in our view the changes are not meaningful for the future direction of the business or performance of funds," Gill said. J.P. Morgan upgraded Magellan's ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG | TUESDAY, 9 OCT 2018

... first glance, these smack of panic from the Chinese government that the economy is slowing and that financial markets are not convinced that these latest moves - in addition to its recent steps of easing down on reducing debt and re-starting infrastructure ...

ANZ compensation bill hits earnings

KARREN VERGARA | MONDAY, 8 OCT 2018

... continuing and discontinued operations. The compensation bill includes issues that arose from bad financial advice or for services not provided within ANZ's former aligned dealer groups. It will also include product reviews relating to its Australian ...

Bank cross-selling success declines: Research

KANIKA SOOD | MONDAY, 8 OCT 2018

... for new products and new providers of those products. Competition is clearly increasing in the financial services sector, not least because of the rise of highly innovative fintech offerings." "Increased competition should be welcomed because ultimately ...

KKR offers $2.6b to acquire MYOB

KANIKA SOOD | MONDAY, 8 OCT 2018

... requirements. The board is committed to acting in the best interests of all shareholders," the company said. "MYOB shareholders do not need to take any action in relation to the proposal at this stage. There is no certainty that the proposal will result ...

Banks to answer for Hayne report

JAMIE WILLIAMSON | MONDAY, 8 OCT 2018

... to appalling conduct contrary to law," he said. "Yet, this misconduct has either gone unpunished, or the consequences have not met the seriousness of what has occurred and must be addressed." Commonwealth Bank and Westpac will face the committee this ...

Global manager sells local boutique stake

KANIKA SOOD | MONDAY, 8 OCT 2018

... minority shareholders, according to Morningstar analyst notes. PAC owned a stake in Celeste for nine years. However, it did not provide any operational or distribution services, Morningstar said. "As such, this is a natural evolution for Celeste, and ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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