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Showing 331 - 340 of 616 results for "Wealth manager"

Mercer wins two super fund mandates

HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
... Mercer Super Trust as manager of its fund and related member support services. The transition is set for 2019. Wealth manager AMP has managed the fund since 2004, however the 14 year association will end this year. It's another blow for AMP as it continues ...

Financial literacy critical to European retirement

DARREN SNYDER  |  THURSDAY, 11 OCT 2018
Australians are not alone when it comes to leaving retirement savings on the table from a lack of financial literacy. However, Europeans arguably face a steeper learning curve. The J.P. Morgan Asset Management 2018 Income Barometer Survey, which interviewed ...

IOOF appoints dealer group chief

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... acquisition, IOOF updated the market on its pending takeover of ANZ's One Path Pensions and Investments business. The wealth manager said the final completion of its purchase of the ANZ P&I business would take place after the completion of a successor ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has been notified of their death, as ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... progress of acquiring ANZ's One Path Pensions and Investments (ANZ P&I) business. As of Monday, the diversified wealth manager took full legal ownership of ANZ's aligned dealer groups, and finalised the substantial "economic" completion of the ANZ P&I ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... representations to ASIC about the character of the Clayton Utz report." AMP acting chief executive Mike Wilkins said the wealth manager is reviewing the report. However, he did note the business has been reset under new leadership following the advice ...

How to retain HNW heirs as clients

KANIKA SOOD  |  MONDAY, 24 SEP 2018
... better with their clients' heirs long before a wealth transfer happens, according to GlobalData. The GlobalData 2018 wealth manager survey asked wealth managers how they could minimise the risk of a next-generation HNW investor dumping them for a competitor. ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... and purchase a new AMP life policy, enabling the adviser to collect the maximum rate of upfront commissions. The wealth manager referred to the practice as "possible misconduct" which it admitted to engaging in during the period from March 2010 to September ...

HNW advice firm adds new role

JAMIE WILLIAMSON  |  MONDAY, 27 AUG 2018
A former JP Morgan executive director joined a boutique private wealth firm in a newly-created role. Lipman Burgon & Partners has appointed Alex Pikoulas as portfolio manager within the firm's new investment Centre of Excellence. Bringing more than ...

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... particular take a major hit, with several board members, the chief executive and chair all stepping down from the wealth manager after its fees-for-no-service issue made headlines, including its admissions of misleading the corporate regulator. Last ...