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Showing 61 - 70 of 100+ results for "Financial advice"

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... corporate regulator. More than 71,400 Westpac customers have been affected by its failings to provide ongoing financial advice services that was promised. Of this total amount that has either been paid or offered, less than $51.7 million has landed in ...

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... intergenerational transfer of wealth in history," OMG chief executive Ivan Tchourilov said. "On the other, the financial advice industry is on its way to halving in size by 2023, while quality advice becomes too expensive for many in the wake of new ...

Colonial First State adds to board

KANIKA SOOD  |  THURSDAY, 5 AUG 2021
... Superannuation Funds of Australia (ASFA). She was most recently executive director at Mercer Australia and Mercer Financial Advice. Her roles at Mercer included senior partner and head of superannuation services, and head of Mercer's US-based global ...

FS Power50: Final days to nominate

STAFF WRITER  |  THURSDAY, 5 AUG 2021
... 'influential' as individuals who have been, or continue to be, instrumental in shaping the future of the financial advice industry. We are looking for advisers who have actively participated in industry-based activities, community-based projects ...

Morningstar hires advice lead

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... FinaMetrica. "Ivon brings over 20 years experience in advice and technology, along with a strong belief in the value of financial advice," Morningstar head of product and client solutions Graham Dixon said. "We are excited to have Ivon on the Morningstar ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... advice and RI Advice didn't take reasonable steps to protect his clients. ASIC deputy chair Sarah Court said: "Financial advice licensees need to understand that they can be liable if their advisers do not act in the best interests of their clients ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs. Appearing before the Standing Committee on Economics on Thursday ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... Financial Planning and Hillross Financial Services. It is alleged the misconduct saw AMP pocket more than $600,000 in financial advice fees from 1540 customers despite having been notified that those customers had left their employer-sponsored super ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... we are able to continue to provide our members with top-10 performance, low fees, and just as importantly, the financial advice, education, service and support they need to feel confident in their retirement," she said.

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning. The Association of Financial Advisers president Michael Nowak ...