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Showing 731 - 740 of 3744 results for "Figure"

Plan service fees did not constitute fee for no service: NAB

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... it charged to customers. Initially, MLC announced it would refund $67 million in advice fees, however the compensation figure now stands at $87.1 million, after NULIS handed the updated figure to the Commission in a statement last week.

NAB looked to keep plan service fees, Royal Commission hears

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... 'this is the wrong way to think about the situation,'" Hodge asked. Carter said he did not. The MLC/NAB compensation figure now stands at $87.1 million according to NULIS in a statement handed down to the commission last week. Yesterday the Royal ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... below community expectations. In a statement handed down to the Commission just last week, NULIS said the compensation figure has reached $87.1 million. In other matters, Hodge flagged the investment performance of MySuper funds and any deviation from ...

SMSFs: Low balance, low satisfaction

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
Satisfaction with self-managed superannuation funds dropped in the last 12 months, particularly for those with a balance of less than $250,000. Latest insights from Roy Morgan show that while satisfaction with the financial performance of SMSFs is down ...

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
Financial markets could have a brand new worry (or not) depending on the outcome of the Bank of Japan's (BOJ) monetary policy meeting that's due to conclude this day. The 30-31 July meeting is particularly significant given last week's flare-up ...

Chief economist update: Boom in the USA

BENJAMIN ONG  |  MONDAY, 30 JUL 2018
Boom! That's the sound of the US economy popping up to an annualised rate of 4.1% in the second quarter of 2018, up from an upwardly revised 2.2% (from 2%) expansion in the first quarter. While this is in line with market expectations, it's ...

Advisers on scam alert

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
... were reported each day in the first half of the year. Last year's total damage to investment scams was $31.5 million - a figure expected to be soon surpassed. Michael Crowe is a senior financial adviser advising on about $150 million for 200 clients. ...

Westpac names independent director

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... the board of the West Kowloon Cultural District Authority. Westpac chair Lindsay Maxsted said Fung is a highly respected figure in Asia Pacific. "She has extensive experience in wholesale and retail banking and alongside her active promotion of the development ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
Some would call it karma, for many it's just the plain and simple truism that a trade war is a lose-lose proposition. In his quest to "make America great again" and under the guise of "national security", US President Donald Trump kicked off with ...

Wealthier Aussies seeking advice

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
Latest research shows about two million Australians sought financial advice in the 12 months to May, accounting for more than 27% of the total wealth management market. In its latest report, Roy Morgan has found that 1.96 million Australians have seen ...