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Showing 721 - 730 of 1911 results for "Associated"

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... million is only 2% lower than the previous half's revenue of $147 million. "Lower wealth management fee income associated with realigning the wealth advice business to focus on the high net worth segment," Macquarie said in company filings this morning. ...

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
... negotiations, CBA said it has received an upfront payment of $500 million from AIA and the full economic interests associated with CommInsure Life have been transferred to AIA. The deal excludes the banks 37.5% equity interest in BoCommLife Insurance ...

RI Advice faces ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2019
... Financial Services Pty Ltd because they held $677 million in funds under management in a product issued by an entity associated with ANZ. Doyle had about $60 million in that product. At the time RI Advice recruited the advisers, including Doyle, ASIC ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... The majority of costs relate to customer payments, $191 million for ongoing advice service fees, with the remainder associated with the costs of remediation programs. The banks said the majority of the costs relate to issues identified in prior periods. ...

Leaving a legacy

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... that it would be a good idea to transfer the ownership of that property to the foundation and the long-term benefits associated with it to the foundation. I can point to the considerable increases in asset value that been brought into account in the ...

Fees down across asset classes: Report

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
A report has found substantial fee reductions across a number of asset classes, associated with continued pressure on external manager fees from asset owners. The bfinance report found fees for active global equity mandates have fallen by 7% since 2013 ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... "SMSFs are not for everyone simply because not everyone can meet the significant time, costs, risks and obligations associated with establishing and running one." Pointing to ASIC report 575 on the quality of advice and member experiences in SMSFs, Press ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... securities," it said. "These operations were aimed at putting downward pressure on longer-term interest rates. The associated easing in financial conditions then helped to support economic recovery, particularly at a time when the traditional tool of ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... expand the range of material we publish about key areas of supervisory focus (not just in relation to GCRA), and the associated findings," he said. "You may have seen that we have recently been more much transparent about a number of our enforcement ...

Platinum global shares fund to shutter

KANIKA SOOD  |  WEDNESDAY, 9 OCT 2019
... has resulted in the fund size decreasing to a level where it is expected that this will result in escalating costs associated with the management and administration of the fund," MLCI said in a letter to investors. The fund has $48 million in assets ...