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Showing 2501 - 2510 of 9740 results for "Major"

Ex-ANZ adviser goes solo

ELIZABETH MCARTHUR  |  TUESDAY, 13 AUG 2019
A former senior ANZ financial adviser has started her own practice, choosing RI Advice as licensee. Alysia Laird told Financial Standard she started Zebra after 16 years with ANZ, when things started to shift for financial advisers at the big bank. ...

Rest to restructure investments, hire CIO

HARRISON WORLEY  |  FRIDAY, 9 AUG 2019
... ensure the full benefit of its existing investment expertise was realised. "This change builds on Rest's strengths as a major superannuation fund with $57 billion in funds under management and brings our investment expertise together in a single team ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...

Gender wealth gap down to 11%: Roy Morgan

KRISTI CHENG  |  THURSDAY, 8 AUG 2019
... translates to a superannuation gap of nearly 47% less for women, who retire with $90,000 less than men. Levine said another major contributing factor in closing the gender wealth gap appears to be increased female participation in the workforce, which ...

Inaugural FASEA exam results in

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours. FASEA chief executive Stephen Glenfield said the authority is pleased with the implementation of the first ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... The group reported an underlying profit of $309 million for the first half of 2019, a 38% fall in profit from 1H 2018. A major contributor to the profit dive, Australian wealth management earnings came in at just $103 million - down 50% on the prior ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows. The Institute for ...

Sequoia acquires dealer group

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2019
... licensee focused on the provision of highly compliant advice and client service." The financial advice landscape is undergoing major changes at the moment and Sequoia is well placed to attract quality planning groups and advice practitioners. "We are ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... report. Still, less mature areas of fintech, including microfinance and consumer finance, are growing rapidly in China, and major strides were made in Hong Kong with the issuance of eight virtual banking licenses. KPMG said the next 12 to 24 months will ...