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Showing 1201 - 1210 of 6076 results for "Commission"

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
New research, commissioned by PPS Mutual, found that front loaded discount policies draw in clients with lower premiums in the first year but have higher premiums from the third year onwards, leading to financial advisers copping the brunt of lapses. ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... running of the dealer group. It has also partnered with SMART Compliance, the brainchild of former Australian Securities Commission investigator Brett Walker (who also sits on the dealer group's investment committee). The group is still actively looking ...

Sales, reporting top buy-side pandemic struggles

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
A June survey of 250 capital markets executives found buy-side firms saw sales and reporting as the biggest challenge during COVID-19,while sell-side firms struggled most with trading and risk functions. FIS, which commissioned Longitude Partners to ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

Catherine Brenner case dropped

ELIZABETH MCARTHUR, ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... Crennan replied. Brenner resigned as chair of AMP and stepped down from the board in April 2018 in the wake of the Royal Commission. "As chair, I am accountable for governance. I have always sought to act in the best interests of the company and have ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
... for SuperOptions members will continue with Pension Manager. From the date of the transfer to Pension Manager, any commission currently paid will no longer be paid. Members with advisers will be able to authorise relationships to pay advice fees. Any ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... Border Force, the Department of Home Affairs, the Attorney-General's Department and the Australian Criminal Intelligence Commission to safeguard. ATO deputy commissioner and chief of the SFCT Will Day said this activity should send a clear message that ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... In 2018 Australian Ethical divested AMP over revelations about AMP's advice business that emerged during the Royal Commission. It cited fees for no service, failure to reprimand dishonest advisers and remediate clients and keeping clients in expensive ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... million in compensation." Trustees that have committed to remediating members are heeding the lessons of the Royal Commission, Press said, urging them to pursue outcomes for members in line with community expectations. "Superannuation funds play an important ...