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Showing 451 - 460 of 1435 results for "1885 book"

Growing uncertainty sees more advisers outsourcing

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
Financial advisers are increasingly bearish in their outlook for Aussie equities and uncertain about global equities - resulting in an uptick in outsourcing. New Investment Trends research indicates a strong trend for advisers moving away from being ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
The issue of affordability is plaguing the financial advice industry, further compounded by recent action taken by both AMP and MLC Wealth. Speaking at the recent Association of Financial Advisers' National Conference, AFA general manager of policy ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
Yellow Brick Road is expecting to compensate wealth clients close to $1 million for failing its fee disclosure statements obligations. During the 2019 financial year, the ASX-listed firm identified some advice clients with ongoing fee arrangements may ...

Chief economist update: The budget surplus can wait

BENJAMIN ONG  |  FRIDAY, 30 AUG 2019
It's rare for two economists to have a meeting of minds (you all know the economists' jokes), but I'm happy to read Jason Murphy's - an economist. He is the author of the new book Incentivology and an article on news.com.au entitled ...

Macquarie Group raising $1bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
Macquarie Group is raising $1 billion to chase new opportunities and maintain capital levels in light of ongoing regulatory change. Macquarie this morning announced a $1 billion non-underwritten institutional placement, which represents roughly 8.5 ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
The head of AMP's advice business has rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

Magellan posts bumper profits, raising $275m

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
Magellan Financial Group reported a 78% jump in its profit for the financial year ending June and announced a $275 million institutional raise for MFG shares this morning. Magellan's stable of well-performing equities funds are now managing an average ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
The AMP Financial Planners Association will contest changes to AMP's Buyer of Last Resort terms flagged last week, saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business ...