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Showing 111 - 120 of 249 results for "Superannuation products"

Game over for grandfathered commissions

JAMIE WILLIAMSON  |  THURSDAY, 10 JAN 2019
... states that the time for transition is over; "the commission supports a full ban of all commissions on superannuation products, which will likely have the effect of reducing the fees currently paid by members of some retail products." Referencing the ...

Simpler fee disclosure on ASIC agenda

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... with the fees and costs of superannuation held via a platform. Most bank-owned and other retail choice superannuation products are held through platforms," AIST chief executive Eva Scheerlinck said. Scheerlinck added the Royal Commission highlighted ...

ASIC strips Melbourne firm of AFSL

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... August 2017." Financial Circle held an AFSL authorising it to advise and deal in life risk insurance and superannuation products. It is also held an Australian credit licence authorising it to engage in credit activities other than as a credit provid ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... statement. Financial Circle holds an AFSL authorising it to advise and deal in life risk insurance and superannuation products. It is also holds an Australian credit licence authorising it to engage in credit activities other than as a credit provider. ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... world to look for features that could work well for Australians. "We are not looking at directly issuing superannuation products," he said. "Our role is more of public education and working with super funds to figure out which ideas, parts and product ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... proceedings against NAB. Hodge said ASIC fell short in dealing with ANZ and CBA in relation to offering superannuation products at the conclusion of a personal financial questionnaire. Based on these case studies, Hodge pointed out that ASIC has "struggled" ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... July 6 this year when CBA and ANZ entered enforceable undertakings with ASIC for offering their customers superannuation products right after a general fact-finding questionnaire, which ASIC said the customers may have mistaken as "personal" advice rather ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
The selling of superannuation products by ANZ branch staff has been called into question, with the Royal Commission suggesting the bank's practices are misleading and deceptive. Appearing before the Commission this morning, ANZ head of superannuation ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... recorded net inflows of more than $1 billion in first half of last year. AMP's North platform and some superannuation products were the only segments that recorded net inflows during the period. However, even they were lower than the previous year. Acting ...

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... with the launch of a lower-cost and simpler option in its investor directed portfolio service (IDPS) and superannuation products. To be introduced in August, the HUB24 core offering will be ideal for clients with low account balances or those seeking ...