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Showing 1581 - 1590 of 4970 results for "Practice"

HESTA names chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
... extensive investment expertise in unlisted assets and strong legal background, as a practicing solicitor in both private practice and in-house role early in his career," Blakey said. Blakey said the Royal Commission spurred the creation of the new role. ...

Insurers halt sales to fire-affected areas

ELIZA BAVIN  |  WEDNESDAY, 15 JAN 2020
... unforeseen, insurers may put an embargo in place to stop accepting any new business, given the elevated risk." "This is common practice across the industry. There are exceptions for existing customers in certain circumstances, such as when you are buying ...

Credit Suisse backs sustainability amid Federer furore

ALLY SELBY  |  MONDAY, 13 JAN 2020
... portfolio because they use fossil fuel intensively. But there may be a large miner which is implementing the absolute best practice at reducing fossil fuel use. Rather than exclude it, investors may prefer to encourage it by including it in their portfolio." ...

Faith-based super fund increases fees

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
The faith-based superannuation fund for Muslims has announced an increase to its administration fee. Crescent Wealth Superannuation Fund upped its administration fee from 0.69% per annum to 0.89% per annum. The changes come after the promoter of the ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... both. Part of the change will involve NM Super investing directly in superannuation assets, a shift from previous AMP practice whereby the firm's super trustees invested in life-backed insurance policies issued by AMP Life. According to AMP, NM Super ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
Westpac has been ordered by the Federal Court of Australia to pay $9.15 million over poor financial advice provided by just one former adviser. The court case relates to poor financial advice provided by Sudhir Sinha which breached the best interest ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
There wasn't a dull day to be had in Australia's financial advice industry in 2019, but unfortunately it was rarely a good thing. We are bidding farewell to the year that is likely to be remembered as one financial advisers would rather forget. ...

Time-poor advisers to embrace model portfolios

HARRISON WORLEY  |  WEDNESDAY, 18 DEC 2019
... compared to 64 clients per adviser for US-based planners. To enable themselves to spend more time with clients, SSGA head of practice management Brie Williams said Australian advisers could consider outsourcing investment management tasks. "Outsourcing ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
Frustration and despair will be the main course for financial advisers this Christmas, says financial services veteran. The Christmas season may potentially be the catalyst for action by exhausted advisers who are feeling physically, financially and ...

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
AMP Financial Planning has ceased providing managed discretionary account services following the imposition of tailored licence conditions by ASIC. ASIC tailored AMPFP's MDA licence conditions in March this year - the extra conditions meant a senior ...