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Showing 301 - 310 of 675 results for "Legacy"

Dealer group eyes aggressive expansion

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... last financial year its average authorised representative fee of $19,000 increased to an average of $36,000 which offsets legacy rebate revenue decline. Rebate revenue was down $3.3 million due to runoff of grandfathered rebates and prior year commission ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... they argue they are already leaps and bounds ahead of most of the competition. "Part of that reason is that they are just legacy businesses using legacy systems, whereas we have kicked off on July 1 with some shiny new toys that we can take to market ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... an expansion of functional currency election to certain trusts and partnerships. The FSC also recommended an overhaul of legacy technology systems, urging the government to establish a rationalisation framework to encourage financial services companies ...

Macquarie to transfer legacy pension product

KANIKA SOOD  |  MONDAY, 10 AUG 2020
Macquarie will transition pension members in its legacy SuperOptions product to a wrap style pension product, in a bid to lower administration fees and expand the investment offering. Macquarie closed the SuperOptions product to new members in June ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... result of this plan and the investment of Bain Capital we are going to be in a much stronger position to continue that legacy," Scurrah added. Virgin Australia went into administration on April 21. While Virgin has entered a binding sale agreement for ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...

Morrison's legacy will be retirement poverty: ACTU

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
... Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty. Following the second round of early release withdrawals commencing on 1 July 2020 and ...

ISA responds to calls for SG freeze

JAMIE WILLIAMSON  |  MONDAY, 22 JUN 2020
... Treasurer wouldn't want to risk a generation of Australian workers being dumped on the pension to be their lasting legacy; they know we would all pay for that through higher taxes. "Australians overwhelmingly support the rate going up slowly as the ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... across their risk teams were "data residing in silos, lack of clarity around regulation, and integration challenges with legacy systems". Positively, 70% of Australian respondents said they are working to improve their ability to collect enterprise-wide ...