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Showing 401 - 410 of 675 results for "Legacy"

Parents key to financial literacy legacy: FPA

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
... insight from our research this year is that parents who seek the advice of a financial planner create a lasting positive legacy for their kids too, in matters of money and life," De Gori said. "The hard reality is many of us simply don't know when ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... the illiquids in the portfolio. "In addition, the operational requirement for the creation of zero dollars day one and no legacy options suggests that even if the fee budget had been larger, the MySuper option was always going to have lower allocation ...

Poor tech derails financial services marketing: Study

MICHELLE BALTAZAR  |  MONDAY, 30 JUL 2018
... issues for nearly 80% of respondents is not the dream we've all been sold," the report said. "It's likely a mix of legacy platforms, crappy data and new tech that's been sold without the realities of implementation being communicated." The ...

Future of superannuation leads FSC Summit

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
The superannuation industry should brace itself for fewer legacy arrangements, fewer accounts, and greater demand for needs-based insurance. This was a key message from PwC asset and wealth management leader Craig Cummins as he opened the Financial ...

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
... arrangements by the Royal Commission earlier this year. The big banks and AMP copped widespread criticism for the practice - a legacy of the 2013 FoFA reforms - and ASIC, in its submission to the Royal Commission following its second inquiry, recommended ...

Centrepoint bumps up advice litigation provision

KARREN VERGARA  |  MONDAY, 2 JUL 2018
... Investment Services (PIS), quantifying the amount to be $2 million more than anticipated. Following its reassessment of PIS' legacy claims, Centrepoint Alliance said it was prudent to increase the $2.7 million provision it established in November ...

CIPR framework timely but questions remain

KARREN VERGARA  |  THURSDAY, 28 JUN 2018
... conservative payout streams, which is not consistent with the intent to facilitate higher income drawdowns and to avoid legacy benefits," he added. Another key area the proposals failed to address is if a member in a CIPR should be exempt from minimum ...

YBR offloads legacy wealth subsidiary

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
... the best financial service possible, saying INPRO is in a better position to offer this than YBR. "YBRIS is a stand-alone legacy business within the broader YBR Wealth division of the YBR Group and its portfolio did not fit within the operational structure ...

CYBG revises Virgin Money offer

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
... sold to institutional investors via an IPO. NAB flagged in late April it expects CYBG will increase its provisions for legacy payment protection insurance costs by £350 million ($642m). Under the agreement with NAB, CYBG expects to fully utilise the ...