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Showing 761 - 770 of 4270 results for "Yesterday"

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... continuing practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice has "lifted the bar" in the industry but concedes "there is still room ...

OneVue and boutique fund manager ink platform deal

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
... at low cost," she said. OneVue said the new private label is expected to launch shortly. Releasing its annual results yesterday, the diversified financial services business recorded a 20% jump in revenue, bringing in $49 million over the 12 month period. ...

ClearView results up despite adviser earnings drop

HARRISON WORLEY  |  FRIDAY, 24 AUG 2018
... management and life insurance arms during FY18, however financial advice earnings dropped. Releasing its FY18 results yesterday, ClearView said advice arm earnings dropped 20% to $1.8 million, owing to a slight decrease in the number of aligned advisers. ...

Charter Hall acquires $1.6bn property fund manager

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
Australian property giant Charter Hall plans to pay $205 million in cash to acquire a fellow ASX-listed property fund manager with $1.6 billion under management. Charter Hall, a group which manages $23 billion, has announced plans to acquire Folkestone ...

Government introduces financial literacy strategy

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
... Financial Services Minister Kelly O'Dwyer, unveiled the National Financial Capability Strategy at an event in Canberra yesterday. The website provides material such as research and upcoming events that help Australians manage money day-to-day, make informed ...

YBR rejects 'opportunistic' takeover bid

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... too low and "opportunistic." Mercantile OFM (a wholly owned subsidiary of ASX-listed Mercantile Investment Company) yesterday submitted an off-market takeover bid to ASIC to acquire all ordinary shares of YBR for 9 cents per share. In a statement to ...

Advisers can help democratise philanthropy

KARREN VERGARA  |  FRIDAY, 17 AUG 2018
... opportunities to make a difference without having to sacrifice financial returns. Williams told SSGA's Winning Edge event yesterday that the days of seeing philanthropy as writing a "big cheque" after amassing a lot of money in the hope it will make ...

AMP incorrectly charged more than $26 million: Royal Commission

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... the first half of the year, alongside a $290 million advice remediation bill. Industry fund HostPlus was taken to task yesterday for its promotional spending, with the commission hearing the $34 billion fund spent $260,000 per year to host employers ...

Intra-fund advice conflicted: Royal Commission

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... Royal Commission heard. CFS general manager of distribution Peter Chun followed colleague Linda Elkins' testimony yesterday. Senior counsel assisting Michael Hodge continued to flesh out why CFS, a subsidiary of CBA, mishandled transitioning members ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... product of the same name. He said previous marketing collateral for the product wrongly labelled it as a MySuper option. Yesterday, the royal commission heard CFS executive general manager Linda Elkins blame the limitation of CBA's systems and lack ...