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| | | In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ... |
| | | | Australian Institute of Superannuation Trustees president David Smith is leaving his post after a two-year term and a board director has climbed up to the fill the presidency. Catherine Bolger will be AIST's new president. She has been a board director ... |
| | | | A Copia Investment Partners Australian equities boutique is welcoming a new portfolio manager from REST. Will Riggall will work alongside head of Australian equities Andrew Stanley. At REST, he was a super investment manager, having been a senior investment ... |
| | | | ... also has had in place for a couple of years a multi-award-winning retirement product we call RetireSmart which members can switch into. So a member can stay with our fund not only during their working years, but also their retirement." Block added the ... |
| | | | ... restrict boutique and mid-market providers from expanding retail offerings. Instead, the PFA argued, these managers will switch exclusively to wholesale. "Many in the small-to-mid-market will find the retail compliance demands too onerous and too costly," ... |
| | | | Brisbane-based SMSF administrator Super Plus is migrating its clients to Mclowd, which provides its core software for free. The administrator has entered into a five-year agreement with Mclowd - a fintech with about $1 billion in super assets under ... |
| | | | The number of retail online investors in Australia is the highest it's been since the GFC, the latest insight from Investment Trends shows. According to a new report, 645,000 Australians placed at least one share trade last year, compared to just 640,000 ... |
| | | | A $7 billion industry superannuation fund will now use IRESS' Acurity platform to administer its member superannuation accounts. The partnership means more than 90% of member transactions at Statewide Super are now automated and paperless. The fund ... |
| | | | A former Millennium 3 and Lonsdale Financial Group financial adviser was banned for seven years for personally using client funds. Glenn William Connor was banned by ASIC after it found that he had used clients' assets as security for a margin loan ... |
| | | | ... executive general manager of cashflow and transaction services Michael Eidel said based on a 3% investment return, the switch to real-time payments from the average two-day lag could save members $19.2 million annually. "This is above and beyond the ... |
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