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| | | QSuper's former head of product and services joined AMP Australia as general manager retirement solutions. Ben Hillier will lead the development of financial solutions across the AMP Australia business to help more Australians manage their wealth in ... |
| | | | Westpac has agreed to offload its life insurance business to TAL Dai-ichi Life Australia for about $900 million. Westpac is due to make a $1.3 billion post-tax loss from the sale. The cash consideration of $900 million includes ongoing payments to Westpac ... |
| | | | ... groups (ADGs) comprising Millennium3 Financial Services, RI Advice and Financial Services Partners. IOOF will continue customer review and remediation for non-compliant advice in relation to the ADGs using the same independently assured framework implemented ... |
| | | | Robo adviser Six Park has lowered its minimum investment to just $2000, down from the $10,000 minimum it had at the start of 2020. In March 2020, Six Park first tested out lowering its minimum investment - slashing the $10,000 minimum to $5000. Clients ... |
| | | | In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer. Essential Super Employer - Lifestage 1980-84 returned 26.5% in the year ending June, according to Rainmaker's performance tables ... |
| | | | ... been developing an information series to assist professional investors and advisers be better prepared to respond to customer enquiries in and around digital assets and we look forward to progressively releasing this content over a range of mediums," ... |
| | | | ... in a searchable or reportable format, limiting its usefulness," ASIC deputy chair Karen Chester said. "To achieve good customer outcomes, insurers must lift their data capabilities. Insurers also need to invest more in their data systems to target claims ... |
| | | | AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold. The life insurer has set up AIA Financial Wellbeing, led by Pina ... |
| | | | ASIC is suing several AMP entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of ... |
| | | | Commonwealth Bank has transferred part of Commonwealth Financial Planning to AIA, with the remainder of the business now subject to a strategic review. The big bank has offloaded part of Commonwealth FP to AIA Financial Services, a wholly owned subsidiary ... |
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