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Showing 8301 - 8310 of 18275 results for "Plan"

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
In his opening statement to the Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using ...

Advisers need to spell out actual retirement outcomes

ALEX BURKE  |  THURSDAY, 26 FEB 2015
... balance, as a result, nets someone $10,000 annually over the span of their retirement. "As Mike Tyson said, 'Everyone has a plan until they get punched in the face,'" he added. "Planning needs to consider risk. We try to simplify planning so that we ...

Futuro ends AMP buyout deal

LAURA MILLAN  |  THURSDAY, 26 FEB 2015
AMP will not be able to proceed with the planned buyout of Futuro Financial Services after both businesses agreed to end the ownership deal. AMP acquired a 10% stake in Futuro in 2012, and the agreement left open the option to increase participation ...

Market wrap

AAP  |  WEDNESDAY, 25 FEB 2015
The market has opened flat despite fresh records on Wall Street on the back of positive congressional testimony by US Federal Reserve chair Janet Yellen about interest rates. CommSec chief economist Craig James says there were impressive international ...

ClearView surpasses 200 adviser milestone after merger

LAURA MILLAN  |  WEDNESDAY, 25 FEB 2015
ClearView reported having 216 financial advisers under its license, following the merger with Matrix Planning Solutions in October. ClearView's net profit after tax was $9.9 million for the six months to December 2014, which represents a 9% growth from ...

Big four banks missing out on customer wealth management

ALEX BURKE  |  TUESDAY, 24 FEB 2015
Australia's biggest banks are struggling to access their customers' wealth management business, according to the latest Roy Morgan Consumer Single Source Survey. The survey showed that all four banks have had difficulty cross-selling wealth management ...

ClearView calls for life insurance industry crackdown

ALEX BURKE  |  TUESDAY, 24 FEB 2015
ClearView Wealth Limited has petitioned Life Insurance and Advice Working Group (LIAWG) chairman John Trowbridge to fix numerous conflicts of interest within the industry. The key recommendations in ClearView's statement were indicating that narrow ...

NAB chief executive outlines misconduct policy changes

ALEX BURKE  |  TUESDAY, 24 FEB 2015
In a speech to the Australia-Israel Chamber of Commerce, NAB chief executive Andrew Thorburn defended the bank's financial advice history and indicated changes were being made to ensure better internal oversight of its advice businesses. Despite the ...

Westpac, Count on ASIC radar over complex product advice

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
Westpac and Commonwealth Bank-owned Count Financial are among the 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex ...

Advisers add 3% returns for clients: Vanguard

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
Australian financial advisers can add about 3% in net returns for their clients by focusing on key wealth management topics such as asset allocation, behavioural coaching and cost-effective implementation. Vanguard's research uses data to examine six ...