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Showing 411 - 420 of 690 results for "Legacy"

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... to customers that received inadequate financial advice from Westpac planners. Further provisions will be used to resolve legacy issues as part of a detailed product review. The costs of implementing all three of these remediation processes have also ...

Sargon Capital acquires Decimal

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... licenses, combined with our team's deep technology and industry expertise, are providing a dynamic response to the complex, legacy systems that have previously hindered growth, financial literacy and engagement in the industry in Australia." Completion ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... Kenneth Hayne on August 24, many retail funds denied any wrongdoing in keeping members in products that charged expensive legacy fees instead of promptly moving them to lower-cost MySuper products. However, CBA said it accepts it may have engaged in ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... a recurring revenue multiple of up to 1.2x - this client book previously valued at 1.8x. Radar noted some providers of legacy products have been switching off the trail commissions paid to licensees in a bid to put clients' best interest first. One ...

Centrepoint: New leadership, new look

JAMIE WILLIAMSON  |  THURSDAY, 23 AUG 2018
... recorded a growth in EBITDA of 4% to $5.5 million, this was offset by a net loss after tax of $6.3 million - a result of legacy claims, restructure costs and the Royal Commission. Centrepoint said there is a high likelihood it will be further impacted ...

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 ...