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Showing 321 - 330 of 846 results for "Buyer"

Volatility divides investors: Survey

KARREN VERGARA  |  WEDNESDAY, 9 MAY 2018
As volatility and interest rate movements remain top concerns for investors, many are divided on the impact these risks will have on portfolio returns, the latest Natixis Investment Managers survey shows. About eight-in-ten (78%) of the 200 fund researchers ...

Fees for no service an old issue: AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
... "ring-fencing" and "the 90-day exception". "Between 2010 and 2016, of the 2417 register transactions that took place, 39 were Buyer Of Last Resort (BOLR) transactions which involved application of the 90-day exception," the AMP submission said. "We have ...

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
... were considering a number of options for John," Whereat said. "The view we took at the time was that if we could find a buyer for his business, one that specialised in the market his business operated in, that would be a more effective solution because ...

Powerwrap gears up for IPO

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million. Speaking to Financial Standard, Powerwrap chief executive Will Davidson said the platform sought the backing of existing institutional investors to raise ...

ASIC totally unprepared for advice reforms: Tynan

ALEX BURKE  |  THURSDAY, 19 APR 2018
... country's largest financial institutions and consultants were also part of said club. "The reality is the 90-day exception, buyer of last resort stuff - this has been going on for 30 years. ASIC knows this. It's not just AMP. It's what the entire industry ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... no service misconduct in its three RC submissions. Testifying for AMP, head of advice Anthony 'Jack' Regan admitted the Buyer of Last Resort (BOLR) measures were designed to incentivise financial advisers to show preference for its in-house platforms ...

Trustee services provider buys advice group

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
... compatibility and shared vision for the future of advice was paramount in agreeing to the sale. "It was critical that we secured a buyer who is product agnostic, supports our community with a growth and succession mindset, and whose other business interests ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... charged plan service fees. Follow Financial Standard for ongoing coverage of the financial services Royal Commission: AMP's buyer of last resort measures scrutinised AMP executive apologises for advice failings Commonwealth Bank refunding millions in ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms. Giving evidence on the first day of the Royal Commission's inquiry into financial ...

AMP executive 'apologises' for advice failings

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... approval to make the apology." Follow Financial Standard for ongoing coverage of the financial services Royal Commission: AMP's buyer of last resort measures scrutinised NAB details serious compliance concerns in RC advice submission Commonwealth Bank ...