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| | | Financial planners are likely to ditch the big four and AMP's wealth businesses to set shop alone, as customers move towards independent advice following the Royal Commission, according to GlobalData. Customers will become more discerning in their choice ... |
| | | | The Australian Securities Exchange has given an arrival date for its much-anticipated trade clearing and settlement system that will replace the older CHESS system. The new distributed ledger technology (DLT) will start clearing trades for the ASX about ... |
| | | | State Street Global Advisors SPDR ETFs is welcoming two members to its national distribution team. The first, Linda Stangherlin, joins SPDR ETFs as national relationship manager - ETFs. She arrives from Zurich, where she was national sales manager - ... |
| | | | History was made when North Korean supremo Kim Jung-un took one step south of the Korean DMZ (demilitarised zone) to shake hands with his southern counterpart, South Korea president Moon Jae-in. An epic in itself, it invalidates Rudyard Kipling's (re-phrased) ... |
| | | | In a workweek cut short by a public holiday, the Royal Commission heard evidence which included an AMP adviser identified only as Mr E, whose clients haven't even been informed of his misconduct yet. It also included a high-profile adviser who "most ... |
| | | | A $30 billion public sector fund manager has made two appointments in senior investment roles. Matthew Kempton joined Funds SA in February as director, equities. He left his role as chief investment officer at ESSSuper, where he worked from 2013 until ... |
| | | | ... Financial Planning, Britt told Senior Counsel Assisting Rowena Orr. Mr E advised the husband to rollover the balances of his TAL and MLC MasterKey superannuation accounts to AMP's MyNorth product to the tune of $125,000. He also cancelled the husband's ... |
| | | | The former chief executive of ANZ-aligned RI Advice told the Royal Commission the group took "too long to act" on adviser misconduct. Darren Whereat discussed the case study of former RI Advice authorised representative John Doyle with Senior Counsel ... |
| | | | As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ... |
| | | | Connect Financial Service Brokers chief executive Paul Tynan believes if the Royal Commission has made anything clear, it's that ASIC is in the dark about how to police financial advice misconduct. Speaking to Financial Standard, Tynan said the key ... |
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