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Showing 481 - 490 of 1590 results for "Majority of"

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... compensation," latest statutory accounts read. Overall, YBR made a net loss after tax of $37.39 million for FY19, the majority of which ($33.95m) came write downs of the wealth management and lending businesses. In May, chair Mark Bouris announced the ...

Beware adviser conflicts of interest: Lonsec

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 AUG 2019
... test is to picture yourself before the regulator and ask yourself if you have a clear justification for placing the majority of your clients' funds in your own managed account products," Nejasmic said. "If you're unsure of the answer, then you're ...

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... grandfathered commissions by 2021 to improve customer outcomes. AMP is turning off grandfathered commissions for the majority of products during Q1 2020 and will then continue to work with advisers to transition away from these commissions by the government's ...

Ex-ANZ adviser goes solo

ELIZABETH MCARTHUR  |  TUESDAY, 13 AUG 2019
... from RI Advice, but she hinted that a couple of advisers might be joining the practice in the future. Further, the majority of Zebra's existing clients are retirees, but Laird said she is looking to move into a new market. "If there was another segment ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... and we're committed to helping," De Ferrari said. Adding to the pressure, AMP also announced it will cease the vast majority of grandfathered commissions in early 2020. De Ferrari added that those practices that commit to seeing through the disruption ...

Inaugural FASEA exam results in

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours. FASEA chief executive Stephen Glenfield said the authority is pleased with the implementation of the first ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... and the New Zealand arm, generated $1.1 billion in income - a decrease of $47 million or 4% on the prior year. The majority of this income came from CFS, which contributed $862 million, up $21 million or 2%. This was driven mainly by growth in the FirstChoice ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... 2015, IEEFA calculated BlackRock's loss amounted to US$2.3 billion. BlackRock responded, stating that the large majority of its equity holdings - including those cited in this report - are held through index-based ETFs and other index products, which ...

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... funds (LICs, LITs and recently ETFs) which accounted for almost a third of retail inflows of the year $2.9 billion. Majority of net institutional inflows came from Firetrail, a long short boutique set up by former Macquarie portfolio managers. Institutional ...

Woodford suspension extended again

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
... suspension, Woodford has consistently guaranteed the portfolio will still be focussed on undervalued companies but the majority of them will be FTSE 100 and FTSE 250 companies. "Admittedly, this strategy has not delivered the returns we had anticipated ...