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Showing 1031 - 1040 of 2859 results for "Division"

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
Findings from the Royal Commission, and the possible increased regulation that will emerge as a result, have weakened the investment case for Australia's banking sector. Research from Credit Suisse analysts Jarrod Martin and Brendon Ferreira suggests ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... fee structures are an arrangement between clients and advisers. CBA executive general manager of the private banking division, Marianne Perkovic, also began her testimony. Senior Counsel Assisting Michael Hodge pursued a line of questioning that revealed ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... adviser numbers and doubled its client base. This is according to CBA executive general manager of the private banking division Marianne Perkovic, who fronted the afternoon session of the financial services Royal Commission on Wednesday. Senior Counsel ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
... accounts either every month or quarter and remit these to licensees. It is then up to the licensee's audit and compliance division to ensure that the adviser does provide a service to the fees deducted - no other control measures are in place to monitor ...

MLC, Colonial First State make key appointments

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
... The acting general manager of product at Colonial First State will join MLC to lead its wealth products and platforms division. CFS and MLC have confirmed that Sam Wall will join MLC in May as general manager, wealth products and platforms. Wall succeeds ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it identified 68 ...

QIC wins $550m super fund mandate

ALEX BURKE  |  MONDAY, 16 APR 2018
QIC's global private capital division won a $550 million mandate from one of Australia's largest superannuation funds. The recently-rebranded Rest, with about $50 billion in funds under management, awarded the mandate to QIC to manage a private equity ...

DigitalX launches crypto-heavy fund

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
... launched a fund that will predominantly invest in cryptocurrencies and form part of its newly-formed funds management division led by a former Ellerston Capital portfolio manager. Its inaugural fund, DigitalX Investments, will invest mainly in cryptocurrencies ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... led to ASIC's establishment in 1998. The paper continues: "Although both Chapter 7 of the Corporations Act and Part 2, Division 2 of the ASIC Act have subsequently been amended extensively, it is important to note that by the beginning of the century ...

Willis Towers Watson hires institutional risk expert

HARRISON WORLEY  |  THURSDAY, 5 APR 2018
Global consulting firm Willis Towers Watson has created a new role in its Sydney office, appointing its first divisional director - financial solutions. Jamie Jeffers has joined WTW as the firm looks to strengthen its financial services capabilities ...