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Showing 391 - 400 of 690 results for "Legacy"

Centrepoint emerges from the red

KARREN VERGARA  |  MONDAY, 25 FEB 2019
... 20% to $14.4 million, mainly driven by lower client claims that decreased from $3.8 million to $118,000 year on year. Its legacy claims provision of $1.8 million remained stable during the period. Chair Alan Fisher attributed the turnaround to the new ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
The Australian Financial Complaints Authority will start taking legacy complaints starting July 1 for a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... benefits to clients is fine when it comes to modern products but there are some significant implications when dealing with legacy products, including sometimes quite substantial system costs." Finally, Trapnell said the final report gives advisers certainty ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... benefits to clients is fine when it comes to modern products but there are some significant implications when dealing with legacy products, including sometimes quite substantial system costs." There is a lot of work involved in moving clients to new ...

Mercer appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 23 JAN 2019
... Mercer's operating income nearly doubling and assets under delegated management increasing fivefold," Glaser said. "Julio's legacy with Mercer is one of focused execution, impressive financial performance, and colleague development." Likewise, he described ...

State Street flags job cuts

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
... performance management system. The group said three operational hubs and two joint ventures will be streamlined, while legacy applications will be retired and the move to common platforms will be expedited. State Street will limit the number of manual ...

Vale John Bogle

HARRISON WORLEY  |  THURSDAY, 17 JAN 2019
... and talented visionary whose ideas completely changed the way we invest," Buckley said. "We are honored to continue his legacy of giving every investor 'a fair shake.'" After leading the merger of Wellington Management Company - where Bogle had ...

AFA explains stance on grandfathered commissions

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... access to the advice but at least they would benefit from the trail commission being rebated." However, there are also old legacy products where there's no mechanism to reimburse clients if trail commission is turned off. In the vast amount of cases ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... under the Plum brand incurred an administration error. It is understood the admin error affected about 30 members from a legacy ExxonMobil defined benefit scheme. MLC did not disclose if the incorrect figures overpaid or underpaid members. A spokesperson ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... issues raised by APRA in 2016 were not "material". The Commission heard IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed. The news could also potentially affect IOOF's ...