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Showing 411 - 420 of 682 results for "Legacy"

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 ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... release of the retirement covenant paper that opened for consultation yesterday. Future work on legislation will consider legacy products, safe harbours against CIPR management and lifetime engagement. Consultation is open until June 15.

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... chief customer officer James Coyle described the removal of exit fees as "unequivocally good." "They're often attached to legacy products, and in a default compulsory system you should allow people to make choices and consolidate super. If you think ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... year. The FSC has also opposed a Medicare Levy increase. It also wants the government to facilitate the rationalisation of legacy products in financial services, involving a consumer interest test applied at a collective level and roll over of all tax ...