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Showing 641 - 650 of 3268 results for "January 29"

GigSuper eyes $1.5m raise

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years. GigSuper this week opened a crowd-funded raise for $1.5 million based on pre-money valuation of $8.1 million. ...

Industry fund tops superannuation satisfaction survey

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
An industry fund took the top spot in Roy Morgan's latest superannuation satisfaction report. HESTA was named the winner for the six months ending June 2021, toppling Catholic Super which won the last round to January 2021. "Our focus on putting members ...

Managed accounts fulfil best interest

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
The increased uptake of managed accounts is seeing advisers fulfil their client best interest duty with ease, according to new research. The latest Investment Trends Managed Accounts Report showed 91% of advisers rated managed accounts as 'good' or ...

Cromwell nabs Investa chief

ANNABELLE DICKSON  |  MONDAY, 26 JUL 2021
The ASX-listed property investor and fund manager has appointed Investa Property Group's former chief executive to lead the company. Jonathan Callaghan will commence the role of chief executive no later than January 2022, replacing Paul Weightman who ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort (BOLR) arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022. As part of a new service model ...

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
The Delta variant outbreak remained the focus of attention in Australia. The daily case of infections in Greater Sydney surged to 136 on Friday (July 23) - the highest number since the this year's outbreak - prompting the NSW premier Gladys Berejiklian ...

M&As to create super advice firms

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Mergers and acquisitions will power the financial advice industry, culminating in the formation of "advice mega firms" in the near future, a new white paper suggests. According to a new report by AZ Next Generation Advisory (AZ NGA), the collapse of ...

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
The corporate regulator has opened consultation for the proposed ban to hawking of financial products. Anti-hawking reforms are slated for an October 5 start. They are a part of the government's response to the Hayne Royal Commission, which said hawking ...

Boutique appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 21 JUL 2021
H.R.L. Morrison & Co has appointed a new chief executive as the incumbent prepares to step down after 13 years. Marko Bogoievski will be replaced by the firm's head of Australia and New Zealand Paul Newfield, effective 1 January 2022. Newfield is also ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...