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Showing 501 - 510 of 2350 results for "Advance"

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
The $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had ...

Super fund advice not useful: Research

JAMIE WILLIAMSON  |  THURSDAY, 6 MAY 2021
While 50% of Australians expect superannuation funds to advise them on retirement, only 16% of those who have sought advice from their fund believe it was useful. That's a key finding of UK fintech Smart's The future of global retirement report, looking ...

Generation Life awards tech mandate

KARREN VERGARA  |  WEDNESDAY, 5 MAY 2021
Generation Life has awarded technology firm FRS a mandate to provide pricing and reporting for its investment bonds. Financial Risk Solutions (FRS) will provide an investment administration solution for its new investment-linked lifetime annuity and ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... advice or eroding important consumer protections. "The FSC is seeking industry and public feedback for our proposals in advance of finalising a policy position on a more accessible and affordable financial advice system which we will publish in a white ...

CFP Board creates diversity and inclusion role

KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
... director of diversity and inclusion for the Centre for Financial Planning. The newly created position will see Harris advance diversity and inclusion programs. This includes identifying, developing and implementing D&I initiatives to increase the number ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... strengthen our operating platform and risk governance. We will work with APRA through a period of intensified supervision to advance this work as quickly as possible." APRA noted the breaches are historical and do not impact Macquarie's current capital ...

Hume expands portfolio

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
Following a cabinet reshuffle, minister for superannuation, financial services and the digital economy Jane Hume will now take on responsibility for women's economic security. Hume's title is now minister for women's economic security, minister ...

Advice association chief steps down

JAMIE WILLIAMSON  |  THURSDAY, 25 MAR 2021
The chief executive of the Association of Financial Advisers has stepped down after four years in the role. Phil Kewin has led the AFA since 2017, having succeeded Brad Fox as chief executive in March of that year. He said the time is right to hand ...

Computershare to buy Wells Fargo corporate trust business

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
ASX-listed Computershare will spend about $986 million to acquire the assets of Wells Fargo Corporate Trust Services, which has over 26,000 mandates. The US$750 million purchase is expected to be at least 15% management EPS accretive on a pro forma ...