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Showing 1101 - 1110 of 2917 results for "Merge"

Bad news for BDMs despite industry-wide uptick

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUN 2020
The latest market update for financial services in Australia from Kaizen Recruitment contains some welcome good news, but times remain tough for business development managers. Kaizen recently surveyed over 50 financial services organisations regarding ...

Super consolidation to slash 60% of funds

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
Within the next decade, the number of superannuation funds serving Australians will drop by 60%, according to a new KPMG report. New KPMG research shows the 217 APRA-regulated superannuation funds will shrink to 138 within the next five years, with ...

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... from one financial advice association that advisers should boycott the FASEA exam has led to a call for associations to merge in order to better represent the industry. The United Financial Advisers Association (UFAA) has called on its 6000-strong membership ...

APRA pushes for super fund consolidation

JAMIE WILLIAMSON  |  THURSDAY, 28 MAY 2020
APRA has urged all superannuation funds to be more proactive in considering their options, saying that while COVID-19 will pass, its impact will be felt for far longer and funds will soon run out of excuses. Over the past seven years, the number of ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... big funds getting bigger, smaller funds were being left behind. "These small funds must find a big brother or sister to merge with as soon as possible," Chhikara said. Rainmaker executive director of research and compliance Alex Dunnin said Right lane's ...

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19. The IAG & NRMA Superannuation Plan in February 2019 announced plans ...

Outsourced trading set to boom

ALLY SELBY  |  MONDAY, 25 MAY 2020
... demands, improve transparency, keep up with rapid technological changes and access global liquidity sources. As super funds merge and reach a threshold of FUM, they will be faced with the decision of whether to internalise their investment management ...

MLC launches new advice business

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
MLC has introduced a new advice business to the market, retiring the Apogee, Garvan and Meritum brands and appointing a general manager to lead the venture. Following on from the announcement in August last year that Apogee, Garvan and Meritum would ...

Former UBS Wealth exec joins Centrepoint

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
A former national head of strategy at UBS Wealth Management has joined the c-suite at Centrepoint Alliance. Brendon Glass has been appointed chief financial officer of major financial advice group Centrepoint Alliance, fresh off a set of interim advisory ...

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Litigation funders will be regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater ...