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Showing 2921 - 2930 of 9740 results for "Major"

IOOF continues organic growth trajectory

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
IOOF is celebrating record financial results, driven largely by its financial advice and platforms businesses and the execution of multiple acquisitions as recent as June. IOOF reported a record underlying profit after tax of $191.4 million for FY18 ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
Commonwealth Bank is extending its domestic and family violence support program due to customer need, with its helpline receiving about 90,000 calls in the first month. Initially launched as a 12-month pilot in November 2017, the CBA Domestic and Family ...

Rethink property investment: Poll

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
... least a couple of years ago. Defaults have been rising and will continue to do so." According to Peleg, SMSFs face three major risks when purchasing off-the-plan properties: equity, cash flow and settlement risks. Peleg said banks were looking to streamline ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... ASIC where advice is ignored. The PC also examined vertical integration in wealth management and concluded there were no major issues other than its effect on competition remains mixed. "Where poor consumer outcomes arise in these markets, these outcomes ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... same income as a year ago, while a quarter (24%) reported income cuts and 34% received a raise." Cost of necessities are a major concern as "over half of households reported it as their 'biggest financial worry'." This is in line with findings ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... years. The Government agreed to a contribution of $10 million on the proviso it was matched by the industry. A number of major super funds agreed to contribute, but the group was unable to raise the $10 million prior to the 2013 election in which Labor ...

ARCO takes a net short on Australian financials

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
ARCO fund manager George Colman says the absolute return fund has taken a "modest" net short position on Australian financials, as he sees regulatory developments compounding the spike in wholesale funding costs and credit cycle risks. Regional banks ...

Poor tech derails financial services marketing: Study

MICHELLE BALTAZAR  |  MONDAY, 30 JUL 2018
Inefficient marketing technology poses more roadblocks for financial services marketers than competitor products or management buy-in, a new study shows. Yell Creative found 32% of the marketers they surveyed in their annual 'Australian Finance ...

Former Australian Unity executive joins advice licensee

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
A financial advice dealer group has added its third former Australian Unity executive this month. Former Australian Unity Personal Financial Services chief executive Steve Davis has joined Infocus Wealth Management in the newly created role of chief ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...