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Showing 1371 - 1380 of 2859 results for "Division"

ISA calls out banks over fee structures

DARREN SNYDER  |  MONDAY, 12 OCT 2015
Australia's big four banks collect one third of all fees paid to superannuation funds totaling about $10 billion, according to research from Rainmaker Information commissioned by Industry Super Australia. The study found that the super industry drew ...

Lonsec launches investment solutions division

MARK SMITH  |  TUESDAY, 6 OCT 2015
Lonsec Fiscal has launched a new business division, Lonsec Investment Solutions, which will be led by Lukasz de Pourbaix in the chief investment officer role. The new division will be responsible for building model portfolios for advisers. It has been ...

AIA appoints group insurance chief

ALEX BURKE  |  THURSDAY, 1 OCT 2015
... Phillips has been acting in the role since June. Prior to this, she worked in multiple positions in AIA's group insurance division after joining the company in 2009. Before that, she held roles at HESTA, Superpartners and OnePath. "Steph has been an ...

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ...

ASIC's robo-advice taskforce to monitor AFSLs

STAFF WRITER  |  MONDAY, 28 SEP 2015
... majority of digital advice initiatives will be proposed by existing licensees rather than start-up businesses." Another ASIC division, the Innovation Hub, will be monitoring activities by newly-licensed businesses. The new taskforce is examining the ...

Industry funds challenged by lack of in-house advice

LAURA MILLAN  |  FRIDAY, 25 SEP 2015
... is a strong correlation between the scale of a fund's salaried and aligned planner force and the size of its pension division. Retail funds with substantial distribution forces all have more than 20% of their assets in pension mode and "there is already ...

Blue Sky scratches head lice from portfolio

LAURA MILLAN  |  TUESDAY, 22 SEP 2015
... starting to see excellent successes in Australian venture-backed companies that are delivering great results." Another division of Blue Sky Alternative Investments, Blue Sky Private Equity has acquired a portfolio of 10 suburban hotels in Adelaide. The ...

OPINION: Why ditching the monarchy makes sense in the Asian century

ANDREW BRAGG, DIRECTOR OF POLICY AT THE FINANCIAL SERVICES COUNCIL  |  MONDAY, 21 SEP 2015
... ourselves as part of Europe or Britain? Clearly we do not. This is the same logic that Colonial First State, the wealth division of the Commonwealth Bank, uses in Asia: The "Colonial" disappears and the "First State" stays. It makes sense. Accordingly ...

Executive appointment round-up

ALEX BURKE  |  FRIDAY, 18 SEP 2015
... manager of mandate research Nigel Douglas will set up his own consultancy, as the bank streamlines the Office of the CIO division. Super executive leaves for Mozambique - Club Plus Super chief operating officer Phil Grindley is leaving the industry fund ...

State Street appoints APAC markets head

STAFF WRITER  |  THURSDAY, 17 SEP 2015
State Street has appointed a new head of global markets sales and trading and research for the Asia-Pacific region. Colin Zhong joined State Street from UBS, where he specialised in "currency and fixed income rates products in locations including Hong ...