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Showing 2641 - 2650 of 4932 results for "MIS"

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...

MLC Life names chief underwriter, expands medical service

KARREN VERGARA  |  MONDAY, 28 AUG 2017
MLC Life Insurance appointed a new chief underwriter at a time when the firm and the industry are experiencing significant levels of growth and transformation. Debbie Kennedy is formerly the group head of protection strategy at UK-based life insurer ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... investor protection while being more "internationally recognisable" than the country's existing managed investment scheme (MIS) trust-based structure. The goal is to make Australian investment products more marketable and competitive overseas by making ...

Fund manager chief steps down, appoints investment director

KARREN VERGARA  |  FRIDAY, 25 AUG 2017
UCA Funds Management is searching for a new chief executive and recently appointed a new investment director. Michael Walsh led The Uniting Church in Australia's investment management arm, with $1.1 billion in funds under management, for more than four ...

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
The Commonwealth Bank is potentially facing the largest shareholder class action in Australian history, according to Maurice Blackburn Lawyers. In a statement, Maurice Blackburn said it was partnering with litigation funder IMF Bentham to open registrations ...

ASIC flags stronger adviser surveillance

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2017
About $618.8 million was paid in compensating and remediating corporate misconduct in the six months to June - almost a fourfold increase on the second half of 2016. During the period, ASIC removed 23 individuals from working in financial service; commenced ...

Financial lifestyle coaching: The future of advice

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2017
Financial adviser roles as we know them will cease to exist in coming years as the push towards financial lifestyle coaching rises. A recent adviser 'think tank' hosted by Zurich - comprising four advisers, BT Financial Group head of licensee development ...

Former AMP adviser banned for $2.5m fraud

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2017
A former AMP adviser was permanently banned by ASIC for misappropriating almost $2.5 million of client funds. Over the course of nine years, Hobart-based Daniel Joseph Noonan stole $2,495,117 from 14 clients while operating as an authorised representative ...

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
Operational complexities are holding life companies back from improving and modernising the life insurance industry, and leaving customers very confused as to exactly what they are insured for, a public hearing found. TAL group chief executive and managing ...

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
The Australian Bureau of Statistics' (ABS) 'Wage Price Index' report for the June quarter confirmed what we, Australians all, already know...wages growth remains sluggish. Even market consensus got it on point. Growth in total wages stood still at a ...