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Showing 661 - 670 of 1597 results for "STOP"

Australian Ethical divests AMP

ALEX BURKE  |  THURSDAY, 10 MAY 2018
... errors" were in fact considered business decisions. "It was a considered decision, in the face of internal recommendations to stop the practice, to continue charging clients when they were put into the BOLR pool. We also learned that AMP misled ASIC ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Personal tax cuts were on the top of Treasurer Scott Morrison's five-point list to "strengthen the economy" as he opened his Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting ...

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
The financial services industry is voting in favour of one overarching professional body to oversee standards and codes of conduct, Financial Standard' latest spot poll shows. We asked readers to respond to the statement: Does the financial services ...

Government names AFCA board members

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... Erin Turner and Alan Wein. They join independent AFCA chair Helen Coonan in overseeing the Federal Government's new "one-stop-shop" dispute resolution body. Mackay is the principal adviser at Quantum Financial. She is also a director on the Accounting ...

US project to end pension politics

KANIKA SOOD  |  MONDAY, 30 APR 2018
An American non-profit - led by a former state treasurer - is demanding pension plan managers stop putting politics before prudent investment. The Institute for Pension Fund Integrity (IPFI) says if a fund manager is investing pension money based on ...

Royal Commission grills professional associations

KARREN VERGARA  |  THURSDAY, 26 APR 2018
... of its ability to change members' conduct and behaviour. While the FPA can expel members from the association, it cannot stop them from continuing to practise or cancel AFSLs, he added. The FPA has more than 11,000 members, and is the association to ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
As the Royal Commission disbands for the week, Financial Standard summarises all the evidence heard on day four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an ...

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
... arrangements are complicated and consequently, there are dire implications for entities that decide to make the first move and stop it altogether, resulting in competitive disadvantage and "significant brand damage." In his personal opinion, Wright said ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
The Royal Commission brought to light several gaping holes in AMP's fee charging mechanisms across its platforms, as well as its inaction to comply with the legislative changes concerning opt-in financial advice fees. AMP head of platform development ...

No view on ending adviser commissions: AMP

ALEX BURKE  |  TUESDAY, 17 APR 2018
AMP advice head Anthony Regan told the Royal Commission that he has yet to "turn his mind" to the idea of mandating a cessation of the commission-based adviser remuneration model, despite personal reservations. Senior Counsel Assisting Michael Hodge ...