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Showing 181 - 190 of 517 results for "ABA"

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... grandfathered commissions Just weeks after the interim report was released, the peak body for Australia's banking industry - the ABA - said it wanted to dismantle the legislative framework that allows financial advisers to receive grandfathered commissions ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... superannuation funds are already calling for a ban, and three of the four big banks have already vowed to phase them out. ABA chief executive Anna Bligh described the removal of such payments as "another important piece in the puzzle of ensuring there ...

Why indexing is big business

KARREN VERGARA  |  TUESDAY, 4 DEC 2018
With over three million active benchmarks across the globe growing exponentially, the changing nature of index providers is becoming increasingly more relevant in the investment process. The disproportionate ratio of stocks to indices shows no sign ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
Grattan Institute has called Labor's plan to end refunds of excess franking credits a "fair way" to improve the Federal Budget but it is still "second-best" as there are better solutions. Grattan's budget policy director Danielle Wood and fellow ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
NAB chief executive Andrew Thorburn said the venture into wealth management by Australia's big banks was most likely a failure. Opening the final week of hearings into misconduct in financial services today in Melbourne, counsel assisting Michael Hodge ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
The Royal Commission heard today that Australia's banks underestimated the amount of change required to make financial planning "work" within their existing businesses. Continuing his appearance at the Royal Commission, Westpac chief executive Brian ...

ETFs attracting more money than LICs

KANIKA SOOD  |  MONDAY, 15 OCT 2018
Aussie investors now have more money invested in the rapidly-expanding exchange traded fund market than in long-standing listed investment companies. The ETP market has just hit $42.3 billion in funds under management - that's $60 million more than ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... framework that allows financial advisers to receive grandfathered commissions and end fees for no service across the industry, ABA chief Anna Bligh said in Sydney this morning. To this end, the ABA is seeking new legislative changes to the Future of ...

BTFG to boost managed account capability

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Interest in managed account solutions is booming with BT Financial Group making significant gains in the space, and preparing to capitalise with the launch of 30 new products. In the 12 months to June, BTFG recorded 250% growth in funds under administration ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... Bligh said the banks would now examine the report in detail, before making submissions addressing the reports questions. The ABA chief said there was nothing in this report for banks to be proud of. "Banks understand that many things have been revealed ...