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Showing 751 - 760 of 1726 results for "Provisio"

Managed accounts aid adviser time management

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
Financial advisers using managed accounts are saving an average of 12.4 hours per week on portfolio management tasks, according to research from NAB and Investment Trends. The report shows using a managed account structure shaves the most time off investment ...

Peak bodies join forces over due diligence

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
The Australian Institute of Superannuation Trustees and the Financial Services Council have joined forces, releasing guidance tools designed to help fund managers prepare operational due diligence reports for the superannuation industry. The FSC has ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
ASIC and the FPA have made several recommendations to the Royal Commission, including eliminating the practice of grandfathered advice commissions. In its second round submission to the Commission, ASIC said it was concerned ongoing advice arrangements ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
ANZ will no longer factor in sales incentives while calculating bonuses for its financial planners and boot them out if they fail an audit twice, the bank announced today. As ANZ attempts to revive its advice business after Royal Commission hearings ...

Unlicensed SMSF advice not systemic: ASIC

HARRISON WORLEY  |  FRIDAY, 4 MAY 2018
ASIC has completed its review of unlicensed SMSF advice from accountants. The regulator found that there were no systemic concerns around the provision of unlicensed SMSF advice, but did note that the accountants reviewed had significant levels of inaccurate ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
Macquarie Group's platform, wrap and managed accounts businesses performed strongly in the full-year to 31 March 2018, latest financial results show. Macquarie Wrap and Vision held $82.5 billion in funds under management, jumping 14% from the previous ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
ASIC is sifting through statements made by Initial Coin Offering (ICO) issuers to identify material that could mislead or deceive investors, and has already identified non-compliant offers. The Australian Securities and Investments Commission is sending ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate. In a survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
IMF Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it ...