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Showing 1621 - 1630 of 4389 results for "financial Advice"

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... executive Francesco De Ferrari has said he is not aware of any impending legal action in relation to the group's financial advice business. Speaking to media after the release of the group's financial results, De Ferrari said that while he notes there ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... that despite the headlines, collectively, the vast majority of our members have provided sound, cost-effective financial advice to hundreds of thousands of everyday Australians over a very long period of time," he said. "We continue to be very supportive ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... interests by selling in-house life insurance products at inflated prices, thus failing to provide them with objective financial advice. The class action firm said it would imminently file the charges against AMP Life Limited, AMP Financial Planning and ...

Product provider makes big FASEA promise

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 FEB 2020
... existing portfolios to manage the investment process on behalf of the adviser without ongoing conflict. That means financial advice practices with managed discretionary accounts (MDAs) could outsource the investment function of those MDAs. Lonsec also ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... with non-compliant advice and the extent of failure by the institutions to deliver ongoing advice services to financial advice customers who were paying fees to receive those services. "Since the publication of this report, ASIC has been monitoring the ...

Former Securitor manager joins Paragem

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
HUB24's financial advice subsidiary Paragem has hired a former Securitor state manager in a general manager role. Paragem has appointed Craig Kouimanis as a general manager of practice development to help support advisers and their practices as the ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
New Rainmaker research reveals the financial advice industry in Australia is in a state of compression - as advisers leave in significant numbers and licensees are squeezed. The number of registered financial advisers decreased 15% last calendar year ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
... Service FUA was "startling" and linked the growth to expansion into administering those portfolios on behalf of financial advice firms. Global FUA for the platform surpassed $20 billion in the half year ending 31 December 2019. The UK business enjoyed ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... across regulated funds. The AIOFP wants to see separate boards addressing compensation cases related to poor financial advice and product failures. It proposes each adviser pays $250 per annum, upfront two years in advance. Each AFSL holder pays 0.5% ...

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
CPA Australia is campaigning government for a state funded review into the regulatory frameworks overseeing financial advice, which it believes alienate consumers and small business from the sector. In its pre-budget submission the peak body for certified ...