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| | | The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and ... |
| | | | ... ($141 million) and the bank's consumer division ($110 million), the full year results show. With the Royal Commission yet to wrap up, Westpac chief executive Brian Hartzer flagged the potential for greater provisions being required. "We're committed ... |
| | | | ... the role of head of wealth distribution, Southern region. The post he leaves vacant is going to Shaun Egan, who led MLC's wrap platform and managed accounts business. As AMP's new head of platform development, Egan will be responsible for strengthening ... |
| | | | ... year ending 30 September 2018, released this morning, ANZ reported its divested pension and investments - which included the wrap platform, ANZ Smart Choice, One Answer Frontier - suffered net outflows of $1.8 billion. In FY17, net outflows totalled ... |
| | | | ... 'recommended' rating from Lonsec, 'approved' from Zenith and 'superior' from SQM. It was just added to BT Panorama and BT Wrap, and is also on Hub24, Macquarie Wrap, Netwealth and Powerwrap. "The fund aims to generate a real total return of at least ... |
| | | | Investment in exchange-traded funds can no longer be "phoned in" especially when the products are viewed as a transcendent technology that will reshape the traditional fund landscape. Using the analogy that smartphones have become less about calling ... |
| | | | In closing the sixth round of the Royal Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies. CommInsure and Colonial ... |
| | | | ... managed accounts business remains a "core strength" despite expansion into new products and services. It's also rolling out wrap and super solutions to meet a growing demand for independent platforms shifting to non-bank aligned business models. ... |
| | | | ... than $50 billion of funds under administration. If it keeps growing at this rate, it will overtake the entire investment wrap sector within five years," said Alex Dunnin, executive director of research and compliance at Rainmaker Information. "The sector ... |
| | | | Vanguard's range of diversified managed accounts strategies are now available via Macquarie's Wrap platform. Targeting the growing number of financial advisers adopting managed accounts, Vanguard ETFs will predominantly be used to implement the asset ... |
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