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Showing 1771 - 1780 of 4389 results for "financial Advice"

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... change process. Statutory NPAT of $28.6 million was down 67.7% year on year, which includes the provision for financial advice remediation. Total funds under management, administration and advice (FUMA) stood at $149.5 billion, up 18.7% year on year. ...

Midwinter acquired by Bravura

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... regulated environment with increased compliance obligations post-Royal Commission, Bravura said. "Traditional financial advice delivery is expensive to produce, carries a significant compliance burden and material reputational risks for regulatory transgressions," ...

Centrepoint revenue model improves bottomline

KARREN VERGARA  |  THURSDAY, 22 AUG 2019
... Benbow wants to focus on launching a fee-based offer for self-licensed advisers and invest in technology. "The financial advice sector's business model need to change. We are leading by example and we were one of the first scaled advice businesses ...

ASIC to review end of grandfathering

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 AUG 2019
... grandfathering of conflicted remuneration," the joint statement said. When commissions were banned under the Future of Financial Advice reforms in 2013, trail commissions on existing investments were exempt. The Royal Commission recommended an end to ...

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... some respects, falls well short of that." It should be simple to understand so that retirees who don't seek financial advice can still make smart choices, she added.

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... reviewing measures implemented by government, regulators and financial services entities to improve the quality of financial advice in 2022 in line with Hayne's recommendation. Legislation enacting Hayne's recommendations for ASIC and APRA to ...

MLC transforms advice business

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
MLC Wealth is restructuring its financial advice business, including consolidating its aligned dealer groups down to two. MLC Wealth chief executive Geoff Lloyd today announced he is making major changes to its financial advice business ahead of separating ...

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
... to the future, we will continue to provide our clients and JV partners the highest standards of professional financial advice, service and support. However, the main benefit is that the merger will enhance our national presence and footprint." In light ...

Adviser of the Year finalists named

KRISTI CHENG  |  TUESDAY, 13 AUG 2019
... advisers" who are flexible in the face of industry and regulatory changes, citing the significant changes the financial advice landscape has undergone. "In today's landscape the ability to demonstrate the value that quality financial advice can play ...

AFA names Female Excellence finalists

KRISTI CHENG  |  MONDAY, 12 AUG 2019
... awards, supported by the Association of Financial Advisers (AFA) and TAL, aims to "promote positive change in the financial advice sector by encouraging more women to enter the industry and take on leadership roles." The finalists are Felicity Cooper ...