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Showing 1391 - 1400 of 6079 results for "Commission"

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
AMP is facing a fresh class action, as Shine Lawyers confirms it is investigating whether the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. Shine Lawyers alleges the beleaguered firm failed ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... people being railroaded into keeping insurance which may have been useless," O'Halloran said. "As the Productivity Commission found the cost of insurance can set members retirement balances back by around $85,000. Super funds need to be very careful ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...

Surplus may not be as advertised: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... announced and more to come." Wood said she also expects to see more aged care spending after the revelations from the Royal Commission into aged care. She also argued that we could be seeing "the death of The Phillips Curve" with predictions of 3% to ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
The Actuaries Institute has called for urgent reform of Australia's $5 billion disability income insurance sector. The institute said it has established a taskforce saying that failure to implement significant changes will reduce consumer access to ...

Old boys, girls clubs dominate boards

ALLY SELBY  |  FRIDAY, 7 FEB 2020
A third of Australia's board members are dissatisfied with their roles, blaming a lack of transparency, professional and peer support for their frustrations. The new research, commissioned by advocacy and director placement group Women on Boards (WOB) ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from the Royal Commission but it is proposing an internal structure to the scheme that will deliver more equitable outcomes for financial advisers. ...

Push for more foreign investment

ELIZA BAVIN  |  FRIDAY, 7 FEB 2020
... Australian capital projects, shares or corporate and government bonds. Those against the scheme, including the Productivity Commission, believe the benefits are negligible and only serve to benefit the visa holders and fund managers. The commission called ...

Magellan cracks $100 billion

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
The global equities powerhouse cracked $100 billion at January end but no one at their offices is popping the champagne. Magellan reported its total funds under management as $104 billion at the end of January. Just one year ago, this number was about ...