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Showing 521 - 530 of 1194 results for "Switch"

ASIC bans former NAB, Westpac adviser

KARREN VERGARA  |  TUESDAY, 27 FEB 2018
... existing products met their needs. In other instances he provided misleading data and information which persuaded clients to switch products, such as inaccurate fee comparison tables, and convinced them their existing insurer did not offer income protection ...

Blockchain saving mutual funds US$2.6bn

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
Switching to blockchain infrastructure can save the mutual funds industry US$2.6 billion in back office costs, latest Calastone research shows. The study, which surveyed 234 global mutual funds, measured the economic impact of blockchain and automation. ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
Raised volatility on Wall Street, North Korea, American protectionism, stagnant wages growth and high household debt levels, rising electricity prices and still elevated property prices - and more recently, Barnaby Joyce - these are a few of (not my ...

Global manager begins alternative risk premia push

DARREN SNYDER  |  TUESDAY, 20 FEB 2018
... Following Nico Marais joining Wells Fargo Asset Management (WFAM) in 2017, two additional Schroders personnel have made the switch. The focus for Peter Weidner and Mark Brandreth among Wells Fargo's multi-asset team will be to design alternative risk ...

Copia appoints new CFO from Mutual Trust

ALEX BURKE  |  MONDAY, 19 FEB 2018
Copia Investment Partners has appointed a new chief financial officer. Michael Voskresensky joins Copia from Mutual Trust, where he spent 12 years. His most recent role there was general manager - finance, and during his tenure Voskresensky had oversight ...

Morrison unveils open banking framework

KARREN VERGARA  |  MONDAY, 12 FEB 2018
The Federal Government's final report into open banking details 50 recommendations on how the new regime can succeed and ultimately empower consumers. Last week, Treasurer Scott Morrison unveiled a list of proposals covering the regulatory framework ...

Court fines advice firm $7.8m

KARREN VERGARA  |  FRIDAY, 9 FEB 2018
... personal financial advice. WRM advertised 'fast cash' to consumers often with poor credit histories and recommended they switch their superannuation funds and take out high-end insurance. Advisers would then charge advice fees that were paid out of consumers' ...

Vertically integrated institutions failing to manage conflicts of interest

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2018
... the advice. "We commonly saw the unnecessary replacement of financial products, where advisers recommended that customers switch to a new product when their existing product appeared to be suitable to meet the customer's needs and objectives," ASIC said. ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
ASIC accepted an enforceable undertaking from a Queensland financial adviser for not meeting his life insurance replacement advice obligations. ASIC found Duane Wright, owner of Brisbane-based First National Home Loans and Insurance, breached obligations ...

AMP Capital names executive switch

ALEX BURKE  |  THURSDAY, 18 JAN 2018
AMP Capital's joint chief financial officer and chief operating officer has left the company and a successor has been appointed. Margaret Payn, who has worked with AMP Capital for five years, will relocate to the UK for family reasons. John Patrick ...