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Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... miscount or possible misconduct with respect to advice fees in their submissions. Outlining the Commission's agenda for the next two weeks, Hodge said the inquiry into superannuation will revisit the fees for no service issue, but this time through ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... required minimum payments on their debt' and 'can just manage to make minimum payments on their debt' in the next 6 -12 months" increased to 43% from 38% in December 2017. Wages is the key. The RBA won't be able to lift interest rates ...

Super funds suit up for Royal Commission

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... financial services Royal Commission will put Australia's $2.6 trillion superannuation system under the spotlight over the next two weeks and legal experts say a key question is whether conflicts of interest are influencing super funds and letting ...

Digital advice, fintech firms merge

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
... to its reach in the past three months, he said. The merged entity is looking to double its client reach every year for the next two to three years. Change in SuperEd's ownership "Our [previously 40%] share in the company will be slightly diluted ...

Global fund manager replaces COO

KARREN VERGARA  |  FRIDAY, 3 AUG 2018
... co-chief investment officer William Priest said: "I look forward to partnering with Philipp as we lead Epoch together in the next phase of our evolution." Epoch offers global equity strategies for institutional and intermediary clients, using an investment ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
... produced the documents at 9.48pm on July 22, and said that it would produce an affidavit in support of the privilege claims the next day. On July 25, solicitors assisting the Commission received the affidavit. In his ruling rejecting several of the claims ...

Last chance to participate in the annual FS Managed Accounts Survey

MICHELLE BALTAZAR  |  WEDNESDAY, 1 AUG 2018
... released in September last year, six in 10 financial advisers believe managed accounts will become more popular over the next three years. Of those who didn't think managed accounts will gain traction, the primary reasons given were lack of access ...

Janus Henderson names sole chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 1 AUG 2018
... was made with the full support of the board, and the board believes Dick is most appropriate to take Janus Henderson to the next level," the company said. Janus Henderson chair Richard Gillingwater said: "Dick brings a breadth of skills and experience ...

SuperConcepts searches for new CTO

KARREN VERGARA  |  WEDNESDAY, 1 AUG 2018
... what we have delivered for our clients. It is a pleasure working at SuperConcepts and I am looking forward to delivering the next SuperMate releases followed by a break." In January 2016, AMP revamped its SMSF business by aligning AMP SMSF Solutions ...

Super fund members satisfied but restless

KANIKA SOOD  |  TUESDAY, 31 JUL 2018
... year and seven percentage points from 2016. At the same time, the number of members who intend to leave their fund in the next 12 months has hit 7%, up from 5% in previous years. Investment Trends senior analyst King Loong Choi said the increased member ...