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Showing 281 - 290 of 846 results for "Buyer"

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... has asked what the state government is doing for advisers facing financial ruin as a result of AMP's plan to change Buyer of Last Resort terms. Speaking in NSW parliament earlier this week, member of the opposition Daniel Mookhey asked minister for ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
... advice business has rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and adviser feedback was ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
The AMP Financial Planners Association will contest changes to AMP's Buyer of Last Resort terms flagged last week, saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business ...

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 ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... protection businesses drove a revenue decrease of $40 million to just $17 million. This half's results were also impacted by Buyer of Last Resort arrangements. AMP says the impact of practices submitting Buyer of Last Resort notices and other factors ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
... Commonwealth Bank. The bank noted in its results that agreements pre-dating 2013 allow Financial Wisdom advisers to exercise a Buyer of Last Resort provision but no applications have been received to date. "It is not currently possible to reliably estimate ...

Super fund commits $20m for housing affordability

KRISTI CHENG  |  TUESDAY, 30 JUL 2019
HESTA has invested $20 million to help improve housing affordability and sustainability via a scalable, innovative apartment project. Targeted at first home buyers, Affordable Housing clients and those working in key community occupations, 'Nightingale ...

Radar Results hires Queensland manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... Hart is the new Queensland manager from today. She joined Radar Results in October 2018, working as a licensed business buyer's agent across Sydney and Canberra. Prior to Radar Results, Hart spent three years at Count Financial as a network development ...

CommSec fixes faulty statements

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
... contacted all impacted customers and are currently working to fix the identified issues over the coming months." Options give a buyer the right to purchase or sell a security, such as an ASX-listed share, at a set price until a set date, with a view ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... ability of the RSE to meet its fiduciary obligations under the Superannuation Industry (Supervision) Act 1993. The interested buyer must complete a change of control application form, answering questions that include its motivation for acquiring the ...