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Showing 7241 - 7250 of 21776 results for "Dec"

Lowe snaps back at critics

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
RBA governor Philip Lowe has rejected concerns that the bank's decision to cut interest rates last year dented consumer confidence and impacted weak consumer growth. Speaking at the National Press Club, Lowe said that while he understands having rates ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
On the anniversary of the Royal Commission's final report, AFA chief Phil Kewin reflects on the year that was and how the playbook - and rules - changed for advisers. It's been 12 months since the financial services sector was hit with Commissioner ...

Future Fund chief to lead IFM Investors

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
David Neal is set to jump from leading the $168 billion Future Fund to heading IFM Investors after Brett Himbury's resignation last year. Neal has been at Future Fund since its inception, starting as the chief investment officer in 2007 and then ...

Former ANZ Wealth retirement head joins CoreLogic

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
CoreLogic has appointed a former head of retirement solutions from ANZ Wealth as a general manager. Milena Malev is joining CoreLogic as a general manager of banking and finance solutions for Australasia. In her most recent role, Malev was ANZ's ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
A Perth-based financial advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons. WA Wealth Managers (and WAWM Holdings Pty Ltd, as the main related firm) was ...

Corrupt adviser banned, AFSL canned

ALLY SELBY  |  TUESDAY, 4 FEB 2020
ASIC has banned a Queensland-based financial adviser from providing financial services for seven years and cancelled the AFS licence of his business. The corporate regulator found that Timothy Shapter had not provided advice in his client's best interests ...

Bonds not out of the game

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
Bond managers appear to be taking a more active approach to investing in the current low-volatility environment, according to Bank of China's head of fixed income Mark Todd. Looking into the performance of the major bond funds form the last 12 months ...

Robo-advice to be worth US$1.4 trillion

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
The value of robo-advice will surpass the US$1.4 trillion mark in 2020, according to new research. LearnBonds.com is predicting robo-advice will become worth US$1.4 trillion globally, jumping by 47% year on year. By 2023, it predicts assets managed ...

Dealer group restructures leadership

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
A major independent advice dealer group has announced a restructure that will see its long-serving executive director hand over the reins. Don Trapnell will be stepping back from day-to-day involvement in Synchron. He has dedicated more than five decades ...