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AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
The Australian Financial Complaints Authority will start taking legacy complaints starting July 1 for a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop ...

NAB chief executive exit package revealed

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... when he departs on 28 February. He will also be paid out all of the leave entitlements he's accrued during his time in the top job, but his unvested deferred awards have been forfeited, the bank said. Upon his departure, non-executive director Philip ...

MGP chief executive departs

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
... chief executive will leave on "mutual" terms. David Heather will exit the MGP Group on 10 May 2019 after four years in the top job. MGP said in a statement that Heather "leaves by mutual agreement as the company embarks on its next stage of growth and ...

Donations now accepted via Instagram

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... social-networking app will roll out a donations sticker for Instagram stories. Stickers are extra elements that Instagram users can add on top of photos and videos before posting to their stories. They can be interactive and are like stickers that allow ...

Spousal top ups to beat super balance inequity

JAMIE WILLIAMSON  |  THURSDAY, 14 FEB 2019
An industry association has used its pre-Budget submission to call for the introduction of a spousal rollover measure to help bridge the gender gap in superannuation balances. The SMSF Association said allowing individuals to rollover a portion of their ...

Macquarie wins Investment Manager of the Year

DARREN SNYDER  |  WEDNESDAY, 13 FEB 2019
Macquarie Investment Management was crowned Investment Manager of the Year at the Financial Standard Investment Leadership Awards tonight in Sydney. The annual awards recognise Australian investment managers that have proven to consistently add value ...

Former super fund executive joins fintech

DARREN SNYDER  |  WEDNESDAY, 13 FEB 2019
... company Money101 started 2019 with the appointment of its new chief executive. Money101 has welcomed Theresa Mills in the top role. She currently sits on the Federal Government's Financial Literacy Board and is a former executive general manager at Guild ...

Royal Commission dampens superannuation success

KARREN VERGARA  |  WEDNESDAY, 13 FEB 2019
Findings from the banking Royal Commission has overshadowed Australia's superannuation system scoring the top spot in a global study of pension markets. Willis Towers Watson and the Thinking Ahead Institute named Australia as the number one pension ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... about half of the planners attached to the Westpac Banking Corporation AFSL. The deal would see the buyer net about 150 of the top revenue-writing WBC planners, and the remainder of the business would eventually be wound down. There are currently about ...

Financial Standard launches FS Aspire CPD

DARREN SNYDER  |  MONDAY, 11 FEB 2019
Financial Standard is drawing on its deep catalogue of financial advice, superannuation and wealth management content to roll out a new proprietary Continuing Professional Development program for financial services professionals. FS Aspire CPD offers ...