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Showing 5081 - 5090 of 18263 results for "Plan"

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
A former Aon Hewitt adviser copped an ASIC ban after he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
Macquarie bank's income from wealth management fees fell 14% in the six months to September end compared to the same period last year, while the bank pivots its advice business to focus on high-net-worth clients. Macquarie collected $144 million ...

HESTA strengthens financial advice team

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
A $53 billion industry superannuation fund has appointed a new general manager of financial planning. Chris Joiner will join HESTA in the role from Industry Fund Services where he was the executive manager of advice solution, a role he held since 2016. ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

Link Advice partners with $12bn super fund

HARRISON WORLEY  |  THURSDAY, 31 OCT 2019
Link Advice signed a deal to support the in-house telephone financial advice services of a $12 billion superannuation fund. Link Advice has partnered with LGIAsuper as the fund aims to meet increased demand for financial planning services. According ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... greater opportunity in CIPRs (Comprehensive Income Products for Retirement) for which super funds are required to have a plan in place by July 2020. Thornburg's focus in now on its investment income builder fund, which it says is used by many US ...

AMP extends adviser deadline

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... their choice." "It also creates an appropriate milestone to ensure practices work toward making a decision and that AMP can plan and progress its advice business reshape." AMP said it had already extended the deadline for individual practices that had ...

Woolworths admits to underpaying staff $300m

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... salaried store team members." "Woolworths Group is committed to fully rectifying these payment shortfalls and an extensive plan is in place to ensure salaried team members' pay is correct and compliant moving forward." The group said affected current ...

China backs blockchain, Bitcoin soars

ELIZA BAVIN  |  TUESDAY, 29 OCT 2019
... nations have engaged in a tech war over companies like China's Huawei. "Major countries are stepping up their efforts to plan the development of blockchain technology. Greater effort should be made to strengthen basic research and boost innovation capacity ...