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Showing 1271 - 1280 of 2789 results for "TES"

IOOF future uncertain: Morningstar

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
The planned sale of ANZ Wealth to IOOF is under threat as a result of the uncompromising action of APRA. As such, Morningstar has placed the stock IOOF Holdings under review. Morningstar described the action brought against IOOF by APRA as a major hit ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
A new Bill backing the viability of retirement income has been tabled before Parliament. Introduced in Parliament on November 29, the Social Services and Other Legislation Amendment (Supporting Retirement Incomes) Bill 2018 proposes three main measures ...

CFS retail sales lead joins global boutique

JAMIE WILLIAMSON  |  WEDNESDAY, 5 DEC 2018
The head of retail investment sales at Colonial First State will head the newly-opened Australian office of a global boutique investment manager. Laird Abernethy has been appointed managing director of Australia and New Zealand for GQG Partners. He ...

AMP replaces Regan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 DEC 2018
AMP announced new leadership of its advice business, replacing Jack Regan. After 20 years, Regan is retiring from the group. He has been on extended leave since his damning appearance at the Royal Commission in April this year. He has been replaced ...

FASEA exam is not fair: Spot poll

KARREN VERGARA  |  MONDAY, 3 DEC 2018
The compulsory financial adviser and curriculum examination has been branded as unfair, according to Financial Standard's latest online survey. An overwhelming number of financial advisers (68%) said the long-awaited exam the Financial Adviser Standards ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA chair Wayne Byres said the prudential regulator still hasn't locked in how it will enforce the BEAR regime if a bank executive breaches it, five months on from the change. Continuing his testimony on the Royal Commission's final day, Byres told ...

HUB24 secures bespoke platform mandate

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
HUB24 is delivering a custom platform solution to the national adviser network of a 115-year-old wealth management business. Patersons Securities selected HUB24's platform to white label and run alongside its existing in-house platform Accolade. Patersons ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

Gender split sees new investment industry focus

DARREN SNYDER  |  TUESDAY, 27 NOV 2018
Australia's private equity and venture capital businesses are committed to increasing the number of women employees following the sector's latest workplace diversity study. At its 25th annual conference in September, the Australian Private Equity ...

Advice group rebuilds following regulatory headwinds

DARREN SNYDER  |  MONDAY, 26 NOV 2018
A financial advice group specialising in self-managed superannuation funds and residential property investment acknowledged it's hurt from recent regulatory burdens. However, there are opportunities afoot for the ASX-listed business, including an entry ...