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Code of ethics still the main game: FPA

DARREN SNYDER  |  MONDAY, 19 NOV 2018
... the ASIC Financial Adviser Register (FAR), which were meant to come into effect from January but have been delayed until next November. He also spoke about the ongoing financial services Royal Commission and the association's work outside these major ...

Frydenberg splashes $50m to pursue financial services crime

HARRISON WORLEY  |  FRIDAY, 16 NOV 2018
... in strengthening the action against misconduct in financial services, with $41.6 million to flow into its coffers over the next eight years. Frydenberg said the funding would allow the CDPP to hire more prosecutors to tackle the expected increase in ...

Special Report: Hitting new ETF goals

KARREN VERGARA  |  FRIDAY, 16 NOV 2018
... trillion reported in the media. During that time, ETFs attracted intense media attention. Some predicted ETFs could trigger the next financial crisis. The chances of this­ happening, says Petering, who heads institutional distribution for Australia ...

IOOF manager joins HUB24

KANIKA SOOD  |  THURSDAY, 15 NOV 2018
... take HUB24's business development team to about 10 professionals. In August, HUB24 lifted its revenue targets for the next three years, as it its platform and advice licensee swelled their revenues in financial year 2018. It is now expecting to hit ...

Pension lessons from around the world

JAMIE WILLIAMSON  |  THURSDAY, 15 NOV 2018
... billion in assets under management, with monthly flows of £250 million which is expected to rise to £450 million by April next year. "I'm extremely proud of what NEST has achieved in the last seven years... By 2023 we expect to have grown to about ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... modern awards by 3.5%." In addition, the lead from the underemployment rate calls for renewed slowing in wages growth over the next two quarters. There's also the record high level of household debt. Latest available ABS data show that household ...

Global tech wars disrupt $600m market

MICHELLE BALTAZAR  |  WEDNESDAY, 14 NOV 2018
... a new book Youthquake 4.0 that researched the financial profile of more than 30,000 millennials in 186 countries. "In the next two years, the Australian millennials will be the most attractive demographic to pursue from both an economic and technological ...

FPA fines Henderson $50k

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... and blamed his paraplanners. He offered to refund McKenna about $5000 for the service. Two months after the Commission, AZ Next Generation Advisory confirmed Henderson Maxwell would merge with Adelaide-based Pride Advice after Henderson exited from the ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... submissions - justified its criticism of the Government. Moreover, the party - who at least one fund manager believes will win the next election - claims victims of bank misconduct have suffered long-lasting and permanent consequences, while the offending ...

Growth spurs new hires at Australian Unity

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
... are driving significant growth for our business," Barlow said. "George and Shantini's appointments are key to cementing our next phase of growth and further aligning our investment capability with the needs of our clients and with the broader Australian ...