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Showing 861 - 870 of 2630 results for "Practices"

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... design to be sheeted back to advisers. All too often it is financial advisers that bear the brunt of these poor insurer practices." The retail life insurance industry has adopted these discounts to gain market share but the research demonstrates how ...

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... previous year) and net profit was $9.377 million (up about 9.4%). Fiducian's financial planning business now has 41 practices and 74 representatives, with about $3.05 billion in funds under advice (about $412 million of which came from acquisitions ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... professional, compliant and productive," AMP said. "Advice reshape delivered on plan in 1H20 with rehoming of clients to new practices. Ceased majority of grandfathered commissions with all benefits returned to clients." AMP added the remaining grandfathered ...

Warakirri launches retail funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... investments with a focus on ethical and sustainable businesses that exhibit sound environmental, social and governance practices," McKay said. The minimum investment size is $25,000.

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... government remove regulatory barriers to enable life insurers to offer target rehabilitation payments and early intervention practices. Current legislative requirements prevent life insurers from funding medical treatment, which requires a health insurance ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
The corporate regulator is ramping up its focus on reviewing valuation practices amongst investment managers to ensure they are reliable during the pandemic. ASIC's Interim Corporate Plan 2020/21 is reminding entities to ensure that the valuations of ...

Advice firm awarded international certification

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... assurance to high net worth clients that firms that achieve the certification are adhering to the industry's best fiduciary practices. These include always putting clients' best interests first, managing conflicts of interest and acting at all times ...

Investment committees not up to scratch

ELIZABETH MCARTHUR  |  THURSDAY, 6 AUG 2020
New research from Thinking Ahead Institute has identified the flaws in investment committee practices and governance. The research, Going from good to great, points to the aviation industry as one the investment industry could stand to learn from. The ...

FPA award nominations open, new award announced

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... The FPA Awards acknowledge the achievements of exceptional financial planners, paraplanners, university students and practices across the country, to celebrate individuals and businesses that "go above and beyond" for their clients. FPA chief executive ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... financial year ended 30 June 2020." The additional costs have brought the banks total remediation bill across its advice practices to $834 million, including $698 million in customer refunds and $136 million in program costs. The bank said the updated ...