Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 303 results for %22OnePath%22

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
AMP, Hostplus and ANZ OnePath will be hit hardest by the Protecting Your Super package, according to latest Rainmaker insight. More than five million superannuation accounts are set to benefit from the new legislation passed through the Senate last ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... $6.1 billion to advisers in commissions for selling life insurance products over five years. MLC paid out $1.2 billion, OnePath paid $1 billion, TAL $840 million, Westpac $697 million (plus $158 million in grandfathered commissions on life insurance ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... will legally separate the pensions and investments business. It will also allow the business' independent trustee, OnePath Custodians, to separately consider the transfer of the business. Last December, APRA moved to impose licence conditions on ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... of amendments to the contract of sale agreed between IOOF and ANZ, the research house said its base case remains that OnePath Custodians will not approve the successor fund transfer to IOOF. "Under the circumstances, we believe it will be difficult for ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... the legal separation of the pensions and investments business. It will also allow the business' independent trustee, OnePath Custodians, to separately consider the transfer of the business. A further provision will see the annual coupon rate of 14.4% ...

MGP shuffles leadership team

KARREN VERGARA  |  MONDAY, 14 JAN 2019
... industry spans custody, registry, managed accounts, investment research, wraps and superannuation. She previously worked at OnePath and BNP Paribas. Neil Pattinson was promoted to business development manager for New South Wales and Queensland. Pattinson's ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... Commission, ClearView registered a high 12.4% growth over the period. For the group insurance segment, MetLife (14.5%) and OnePath (5.7%) recorded well above-average percentage increases in annual inflows, Strategic Insights said. AIA Australia ($1.9bn) ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... recognising conflicts of interest existed. The news could also potentially affect IOOF's acquisition of ANZ's OnePath pension and investments business. In October IOOF said it had finalised the "substantial economic completion" of the pensions ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... vertically integrated model, as and when it considers it appropriate to do so," AMP says. Despite recently moving on its OnePath business, ANZ also stands firm. The bank says structural change prohibiting related entities from providing financial advice ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
ANZ's divested pension and investment businesses continued to record net outflows as it passed the baton to IOOF, the bank's full-year results show. In its financial results for the year ending 30 September 2018, released this morning, ANZ reported ...