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Showing 5191 - 5200 of 18266 results for "Plan"

Pinnacle boutique readies investment rejig, fee cut

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A boutique partly owned by Pinnacle Investment Management is planning to rejig its investment strategy and cut fees by 12bps for one of its funds. The Resolution Capital Core Plus Property Securities Fund - Series II currently invests predominately ...

Queensland-based AFSL suspended

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee. The regulator said Financial Options Pty Ltd failed to lodge its accounts and audit report for the year ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
AFCA ombudsman Shail Singh has addressed common adviser concerns regarding the authority's introduction of legacy complaints. Speaking at a recent Financial Planning Association of Australia event, Singh said AFCA will apply the standard of the relevant ...

Suitability of managed accounts grows

HARRISON WORLEY  |  TUESDAY, 10 SEP 2019
Managed accounts are becoming more suitable for a broader range of clients, attendees of the 2019 Financial Standard Managed Accounts Best Practice Forum have heard. Speaking at Financial Standard 's Managed Accounts Best Practice Forum in Sydney this ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... country's flagging economy, without falling foul of strict national spending rules, three people familiar with talks about the plan told Reuters." "The creation of new investment agencies would let Germany take advantage of historically low borrowing ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A senior specialist on ASIC's superannuation team has taken a consultancy role within a law firm's financial services team. Ruth Stringer joined Herbert Smith Freehills on September 2. She has more than 30 years of experience, most recently at the Australian ...

Statewide still keen on mergers

KANIKA SOOD  |  MONDAY, 9 SEP 2019
All options are on the table at Statewide Super, including looking at potential retail fund partners, but three-way mergers are too much execution risk, according to chief financial and operating officer Grant Eastwood. Statewide canned plans to merge ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... upfront fee - the fee they were willing to pay was far below what it actually costs an adviser to implement an insurance plan. It costs advisers around $5000 to complete such a plan, the research found consumers were willing to pay just $1100-$1300 in ...

Chief economist update: Foolish takeaway on US-China talks

BENJAMIN ONG  |  FRIDAY, 6 SEP 2019
"There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee - that says, fool me once, shame on -- shame on you. Fool me -- you can't get fooled again." - former US President George W. Bush, Nashville, Tenn., 17 September ...

Boutique AFSL acquires advice practice

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2019
A boutique financial advice group has acquired a Parramatta-based firm focused on risk advice. Profile Financial Services has acquired Orion Financial Group, a risk-focused advice practice established 35 years ago in Parramatta. The Orion Financial ...