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| | | The AMP Financial Planners Association will contest changes to AMP's Buyer of Last Resort terms flagged last week, saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business ... |
| | | | Finclear Execution has paid a penalty of $70,000 for failing to comply with on-market buy-back rules. The Markets Disciplinary Panel (MDP) found Finclear contravened market integrity rules in relation to a pre-arranged crossing in April 2018 for an ... |
| | | | Financial advisers have taken to social media to vent about the Financial Adviser Standards and Ethics Authority exam results. While many posted screenshots of the FASEA certificate saying that they passed the exam, some advisers had questions. Financial ... |
| | | | The superannuation sector is in a spin over the super guarantee, despite the Government committing to its legislated increase to 12%. In a media release, the peak-body for industry superannuation, Industry Super Australia, fired a shot across the Government's ... |
| | | | REI Super has named its new chief executive to replace long-serving incumbent Mal Smith, who steps down this year. Jarrod Coysh, who was most recently group executive of employers, strategy and corporate development at Cbus, is the new chief for the ... |
| | | | A $12 billion corporate super fund has achieved lower investment and transaction fees for its members for the 2019 financial year. Commonwealth Bank Group Super's investment-related fee and cost estimates, which generally change each year, were ... |
| | | | The peak bodies representing financial advisers have taken similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill ... |
| | | | Paradice Investment Management has added to its distribution team with a hire from Pengana Capital, as it launches a new fund. Dan McAleer is Paradice's new distribution manager based in Melbourne. He has 12 years of experience and was in a similar ... |
| | | | A former financial adviser who used $5 million in client funds to prop up his own business, pay off his credit cards and gamble has been jailed. James Gibbs was convicted of theft and dishonesty offences committed when he was director of James Gibbs ... |
| | | | New research suggests investment objectives of superannuation funds should be assessed on their own merit as the level of risk does not always directly link to returns. Rainmaker's inaugural RMetrics MySuper report took a deep dive into the relationship ... |
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