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Showing 791 - 800 of 1323 results for "Stage 1"

CBA's advice review compensates 19 clients

LAURA MILLAN  |  WEDNESDAY, 30 SEP 2015
The compensation program set up by Commonwealth Bank (CBA) to compensate victims of bad advice has reviewed over 8,800 cases and compensated only 19 clients. In total, the bank has offered $950,252 in compensation, but paid $488,815 as of 31 August ...

Super fund boss: We're not IT companies

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
Ongoing technology challenges for superannuation funds and the wider financial services industry present an unclear business planning path but an opportunistic path nonetheless. UniSuper chair Chris Cuffe said technology was still a "blind spot" among ...

Super funds cautious about administration

DARREN SNYDER  |  TUESDAY, 29 SEP 2015
Super fund chairs have expressed caution over the administration transition occurring at Link Group, saying there is a large responsibility to deliver the right technology outcomes for both long-standing and new clients. Speaking at an Australian Institute ...

Blue Sky scratches head lice from portfolio

LAURA MILLAN  |  TUESDAY, 22 SEP 2015
Blue Sky Venture Capital has exited a head lice treatment company after it entered into a $278 million commercial agreement with Indian-based Dr. Reddy's Laboratories. Blue Sky invested in Hatchtech in 2013 as part of a $12 million syndicate of Australian ...

FEATURE - Retirement income: Finding the right path

DARREN SNYDER  |  TUESDAY, 15 SEP 2015
A new wave of retirees is learning that years of accumulation need further thought. Darren Snyder reports. A recent Commonwealth Bank media roundtable showed projections by Rice Warner that Australia's retirement market would reach more than $1.4 trillion ...

NAB launches robo-advice platform

ALEX BURKE  |  THURSDAY, 10 SEP 2015
NAB has unveiled its new digital advice service for internet banking customers. NAB Prosper will initially be made available to 40,000 NAB internet banking users, who will be surveyed about their financial status and goals. Based on that information ...

NAB appoints Antares GM

ALEX BURKE  |  MONDAY, 7 SEP 2015
NAB Asset Management has appointed a new general manager for Antares Equities. Brendan Donohoe has taken on the role having worked at Antares as head of institutional sales since 2012. Prior to that, he was a divisional director at JANA Investment Advisers. ...

Folkestone builds on strong foundations

MARK SMITH  |  THURSDAY, 27 AUG 2015
Real estate investment manager Folkestone has more than doubled its profit in the 12 months to 30 June. Net profit after tax stood at $7 million, up 122.6% on the same period last year. Earnings per share of 1.1 cents were up 57.1% on FY14 and funds ...

Industry fund competes directly with advice networks

LAURA MILLAN  |  WEDNESDAY, 26 AUG 2015
An industry superannuation fund has set up a nationwide network of advisers accredited under the Financial Planning Association (FPA) Professional Practice program. UniSuper is the first not-for-profit fund to have all of its advice offices accredited ...

Industry gears for new settlement regime

MARK SMITH  |  TUESDAY, 25 AUG 2015
Custodians are on track reduce settlement times from three days to two days in time for the official regime change in March 2016. Firms are gearing up to start testing their readiness for the new T+2 Settlement regime in October. "Reducing settlement ...