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Showing 1751 - 1760 of 5917 results for "March 22"

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. ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
Westpac has confirmed it was served with a class action on behalf of shareholders in relation to the AUSTRAC investigation. The class action has been filed by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's ...

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 ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
AMP has informed licensees and financial advisers it will phase out contribution fees in Q1 2020. In a letter from AMP managing director of superannuation, retirement and platforms Lara Bourguignon, AMP has said it will cease charging and paying contribution ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
"Give me a one-handed economist. All my economists say 'on one hand...', then 'but on the other..." - Harry Truman The AFR recently published an opinion piece from Kate Samranvedhya - a Bachelor of Science in Economics graduate from Massachusetts ...

Advice dealer group rebrands

HARRISON WORLEY  |  MONDAY, 9 DEC 2019
Following its acquisition by Sargon last year, Madison Financial Group is rebranding. From March 2020, Madison Financial Group will be known as Sargon Adviser Services, as the Sargon subsidiary continues to incorporate itself within the technology company. ...

CFS culls grandfathered commissions, slashes fees

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
About 6000 financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the ...

Industry fund overhauls MySuper options

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2019
A $2 billion superannuation fund is making a number of changes to its MySuper investment options. It is also substantially dropping investment fees and costs while increasing those charged for admin from March 2020. GuildSuper has informed members it ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
With just 18 months of funding left, Super Consumers Australia has been handed a potential lifeline by the government. After the government announced it would take its first steps towards fulfilling a recommendation of the Productivity Commission to ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
A $57 billion industry superannuation fund has revealed details of its new group insurance offering, having transitioned to a new provider as of this month. As of December 1, the group insurance available to Rest members is provided by TAL after the ...