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Showing 431 - 440 of 1193 results for "Switch"

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... and read today. Treasurer Josh Frydenberg said the legislation is designed to give consumers more power and allow them to switch service providers more easily. The Consumer Data Right reforms would first be applied to the banking sector under the Open ...

Subscription advice brings in US $1 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... investments on their own but not necessarily by choice, so we're excited to give them a new way to get the help they need." The switch to a subscription model in March meant a move away from an asset-based advisory fee to an initial US $300 fee followed ...

Aussie HNWIs slip down global rankings

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... proactively address rising HNWI expectations, as an unsatisfactory service experience was the biggest reason for HNWIs to switch firms in 2018, the report said. Anirban Bose, Capgemini financial services chief executive, said while the volatile economic ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Bristol Street adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 28 JUN 2019
... existing arrangements. In other cases, he recommended switching to more expensive products without demonstrating why the switch would be in his clients' best interests. Muscat focused his advice on switching insurance and super. ASIC said he failed to ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... quarter mainly due to MLC MySuper moving from a single to a lifecycle strategy. MLC announced in February it was making the switch. MLC MySuper had 70% allocated to growth assets like stocks, property and infrastructure, and 30% to defensive investments ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
... suit his own interests. Luthra did not take his clients' needs and objectives into consideration when he advised them to switch their superannuation to a product issued by BT and to also take out personal insurance. He also recommended BT insurance and ...

Fee discounts harder for active ETFs

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
... says if an actively-managed fund that it currently uses were to make an active ETF version available, it wouldn't make a switch unless there was a clear advantage to its clients. "I think I will stick to what I've got because of the costs. I haven't ...

Plato fund shuts down

KANIKA SOOD  |  TUESDAY, 4 JUN 2019
An Aussie equities fund from Plato Investment Management is shutting down following a decision from its responsible entity. The Plato Australian Shares Income Fund (Managed Risk) is set to close. It currently holds about $20 million in funds. The fund's ...

Clients demand multiple advisers: Report

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... leaving their financial advisers solely based on price. Over the next three years, more than one third of clients plan to switch advisers. The adviser's reputation and servicing capabilities in areas such as advisory services, personal attention, quality ...