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| | | ... our customers, advisers and the business," she said. The appointment comes after AMP announced it is putting an end to all Buyer of Last Resort (BOLR) arrangements and has created a new service model for its aligned network. |
| | | | ... earlier this month however, with the regulator confirming it was dropping a criminal investigation related to the group's Buyer of Last Resort Policy and the way in which AMP continued to charge orphaned advice clients despite having no adviser. |
| | | | Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort (BOLR) arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022. As part of a new service model ... |
| | | | Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ... |
| | | | Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ... |
| | | | ASIC's criminal investigation into AMP's fee-for-no-service conduct related to its Buyer of Last Resort Policy has wrapped up, with the regulator and Commonwealth Director of Public Prosecutions determining no charges should be brought. Under ... |
| | | | ... Michael Ohanessian departed. Praemium said the business remains at a structural disadvantage to its key competitors. While no buyer has been identified as yet, Praemium says it has received strong, unsolicited interest from several parties. Praemium ... |
| | | | Westpac announced the sale of its New Zealand life insurance arm, finding a buyer in Fidelity Life Assurance, which is backed by NZ Super Fund. The institution is selling the life insurance division for NZ$400 million ($373 million) in addition to a ... |
| | | | ... across the country are continuing to shift their focus towards boutique apartment developments which is addressing pent-up buyer demand, but these smaller projects result in less volume of prime apartments being built over the coming years," Knight Frank ... |
| | | | ... executive general manager of home buying Michael Baumann said. "Our data shows CBA customers who have used one of these home buyer initiatives have been able to enter the property market nearly five years earlier on average than they would if they saved ... |
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