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Showing 1121 - 1130 of 2988 results for "ARRA"

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
Among its FY18 results, National Australia Bank flagged that bad advice and fees for no service remediation will continue to dampen its future financial performance. Numerous contingent liabilities and potentially paying out more compensation plagued ...

Superannuation must catch up to gig economy

DARREN SNYDER  |  WEDNESDAY, 31 OCT 2018
The chief executive at one of Australia's biggest wealth managers said he is troubled by adequacy issues in Australia's $2.7 trillion superannuation system, suggesting it be overhauled. Mercer Australia chief executive Ben Walsh told an industry breakfast ...

CBA ramps up blockchain

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
Commonwealth Bank is close to completing more blockchain projects, after it delivered the world's first blockchain bond with World Bank in August. Speaking at SIBOS, Sophie Gilder who is CBA's head of experimentation and commercialisation for ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
Life insurance reforms proposed to provide better rehabilitation and early intervention treatment have been scrapped by the Federal Government. In response to the Parliamentary Joint Committee on Corporations and Financial Services' report released ...

Blue Sky LIC gets a new suitor

KANIKA SOOD  |  WEDNESDAY, 24 OCT 2018
Geoff Wilson has thrown his hat in the ring for the troubled Blue Sky LIC which last week reached an agreement to appoint a Pinnacle affiliate as its new manager. Wilson Asset Management has sent a proposal to the LIC's non-executive directors, making ...

Australian retirement system weakens

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
An ageing population is placing increased pressure on the Australian government as the nation's ability to ensure individual's retirement is both adequate and economically sustainable is diminishing. Australia has slipped down the ranks of the ...

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
Ian Macoun's multi-boutique house has launched a new affiliate that will manage the Blue Sky Alternatives Access Fund (BAF) as it separates from Blue Sky Investments (BLA). With the bifurcation announced this morning, BLA will target an institutional ...

ASIC to review FDS compliance

HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
ASIC will review financial advice fee disclosure statements and renewal notices, after licenses submitted breach reports to the extent the corporate regulator is concerned about systemic non-compliance. The FDS review will examine to what extent advice ...

BlackRock wins $55bn mandate

HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
BlackRock is set to manage $55 billion of passively managed assets on behalf of UK diversified financial services company Scottish Widows. The former mutual awarded BlackRock the mandate after completing a review of the management arrangements for $202 ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
Commonwealth Bank will refund unauthorised advice fees charged to dead customers and rebate all grandfathered commissions charged to clients of Commonwealth Financial Planning. Taking further action to improve its wealth management business, CBA has ...