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Showing 91 - 100 of 194 results for "Separation"

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... been widely adopted by Australian institutions. These calls have been heard by Hayne, who said to recommend the forced separation of financial advice and those who sell and manufacture financial products "involved significant disruption" to the industry ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... entering this part of the financial services market and providing some new and better offering to consumers." Structural separation Hayne said he is "not persuaded that a case has been made for imposing some form of structural separation on RSEs." Structural ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... financial planners. It doesn't really make sense," he said. Trapnell has called for life insurers to back its call for separation between the two. "Like Synchron, we believe life insurers recognise just how vital risk advisers are to clients, to the ...

Managed accounts not immune to Royal Commission

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... businesses may be required to structurally separate. At this stage, she said it is too early to tell whether structural separation of product and advice will occur. It could happen in the for-profit sector it would mean offering limited personal advice ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... Providing a further update on the sale, ANZ said it has agreed an amendment with IOOF that will allow for the legal separation of the pensions and investments business. It will also allow the business' independent trustee, OnePath Custodians, to ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... additional $350 million in 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its financial results for the six months ...

Industry fund hires group executive

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... services; company secretariat and legal; audit and risk management; and compliance. Kyle most recently worked on MLC Life's separation from NAB and established their first-line risk, compliance and financial crime capabilities. Rest chief executive Vicky ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... estimated total proceeds imply a post-tax gain on sale of approximately $1.5 billion, which includes estimated post-tax separation and transaction costs of approximately $100 million. MUTB president and chief executive Mikio Ikegaya said: "We are delighted ...

Blockchain can power internal systems: Digital Asset

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... processes which can also equally benefit from the technology that we are talking about here where you need to impose separation, privacy or confidentiality of certain aspects, highly-granular conditioning in terms of who is authorized to do what, with ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... on a full-year basis. The reinsurance outcomes are also factored into the Resolution Life transaction. It added that separation costs related to the Resolution Life sale are expected to be about $320 million post-tax. Additional capital from the transaction ...