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Showing 521 - 530 of 1630 results for "Division 296"

Fiducian continues growth trajectory

JAMIE WILLIAMSON  |  FRIDAY, 17 AUG 2018
Fiducian Group has reported a 21% rise in underlying net profit and a $1 billion lift in funds under management, administration and advice. Releasing its full year results today, Fiducian recorded $10.5 million in UNPAT and an 18% increase in FUMAA ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP's wealth management arm, which includes its superannuation and platform products, saw net outflows of $873 million in the first half of 2018. By comparison, it had recorded net inflows of more than $1 billion in first half of last year. AMP's North ...

Zurich names executive lineup for new business

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
Zurich has named the executive team that will run its combined Australian life and investments business when its OnePath acquisition completes in early 2019. Long-time Zurich executive Tim Bailey will be the combined business' chief executive officer. ...

NAB compensation delays hopelessly conflicted: Royal Commission

KARREN VERGARA  |  WEDNESDAY, 8 AUG 2018
NAB found itself in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for no service in order to maintain profit levels, the third day of the Royal Commission's inquiry into superannuation heard. This ...

IOOF continues organic growth trajectory

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
IOOF is celebrating record financial results, driven largely by its financial advice and platforms businesses and the execution of multiple acquisitions as recent as June. IOOF reported a record underlying profit after tax of $191.4 million for FY18 ...

NRMA chair links with asset manager

HARRISON WORLEY  |  MONDAY, 30 JUL 2018
The chairman of NRMA has been appointed to the board of a $25 billion international equities manager. Platinum Asset Management is welcoming Tim Trumper to its board, with the NRMA chairman set to begin his tenure as a non-executive director at Platinum ...

NAB recruits customer executive

KARREN VERGARA  |  MONDAY, 30 JUL 2018
National Australia Bank is bolstering its private banking business by appointing its second customer executive. Margot Faraci will commence the newly-created role of NAB Partners customer executive for the northern region in October 2018. She will be ...

Investors sharpen watch on RMBS

KANIKA SOOD  |  MONDAY, 9 JUL 2018
Issuance of residential mortgage-backed securities hit record levels in Australia last year, led by non-bank lenders. And even though the residential mortgage-backed security pool is ripe for picking by fixed income and debt managers, challenges surround ...

Wealth firms merge for growth

JAMIE WILLIAMSON  |  MONDAY, 2 JUL 2018
The merger of two Melbourne-based financial services firms has seen the creation of a multi-disciplinary wealth management business. Morrows and MSI Ragg Weir have entered into a strategic merger, with all MSI Ragg Weir employees offered roles within ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...