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Showing 6161 - 6170 of 18266 results for "Plan"

Labor's imputation credit reform cops industry backlash

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
The Labor Party's proposed dividend imputation reforms has received backlash from numerous industry heavyweights believing it will have unintended and negative implications on retirees. Shadow treasurer Chris Bowen proposed to eliminate the cash rebate ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
The Royal Commission will set its sights on the financial advice industry in April, with the first hearing taking place on the 16th. The first round of public hearings commenced today and focused on consumer lending practices regarding credit products ...

Client longevity the largest advice disruptor

DARREN SNYDER  |  TUESDAY, 13 MAR 2018
... portfolio selection. "Even when financial planning is done, very often the clients have a relatively light understanding of the plan and what their duties are - particularly in the areas of restraining consumption," Noonan said. If advisers don't address ...

Advisers to embrace aged care opportunities

JAMIE WILLIAMSON  |  TUESDAY, 13 MAR 2018
As the need for aged care grows, so too does the need for specialised aged care financial advice. Estimating that less than 10% of advisers regularly provide aged care advice, Challenger is calling on financial advisers to become more educated on the ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... chair Helen Rowell said in Canberra recently that trustees will have to set strategic objectives, keep a written business plan detailing how they plan to meet these objectives, and include robust expense management in their business planning. APRA also ...

Australia ticks boxes for ultra-high-net-worth individuals

KARREN VERGARA  |  MONDAY, 12 MAR 2018
... ultra-high-net-worth individuals (UHNWIs) to emigrate, behind the UK and the US. In separate survey, Knight Frank found more UHNWIs plan to buy Australian property over Malaysia, Singapore, China, Hong Kong and the Philippines in 2018. Obtaining secondary ...

REIT sells Cromwell stake for $406 million

KANIKA SOOD  |  THURSDAY, 8 MAR 2018
A subsidiary of Singapore-based ARA Asset management is acquiring a 19.5% stake in Cromwell Property Group. South African-based REIT Redefine Properties sold its stake to the ARA AM subsidiary in a move described by the former as a "process to refine ...

Global asset manager rebrands

KARREN VERGARA  |  THURSDAY, 8 MAR 2018
Natixis Asset Management will rebrand to Ostrum Asset Management as of April 3 in a bid to expand its partnerships and refocus its investment strategies. The move is part of the asset manager's European parent, Natixis Investment Managers, aligning ...

Time to move beyond "cheap and generic" retirement products: Milliman

ALEX BURKE  |  WEDNESDAY, 7 MAR 2018
Milliman practice leader Wade Matterson thinks the Australian wealth industry should be called to account for creating a raft of "very cheap, generic retirement income products based on a lot of averages." Matterson explained that Milliman analyses ...

Bravura rolls out DB super functionality

KANIKA SOOD  |  WEDNESDAY, 7 MAR 2018
Bravura Solutions' Sonata platform will now allow defined benefit plans to be administered for its super fund clients. The update also includes Bravura's messaging product for SuperStream, Babel, which combined with Sonata provides an automated, end-to-end ...