Search ResultsShowing 71 - 80 of 100+ results for Elizabeth McArthur
Adviser moves show industry upheaval
ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
Rainmaker analysis of ASIC Financial Adviser Register data has revealed hundreds of movements across advice dealer groups in just the last three months. From July to October end, Commonwealth Financial Planning lost over 100 advisers, going from 568 ...
New FPA board members
ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
The Financial Planning Association of Australia has appointed several new board members as a result of recent elections. Alison Henderson and David Sharpe will commence their second term on the FPA board, while William Johns joins the board for the ...
AFCA appoints chief operating officer
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
The Australian Financial Complaints Authority (AFCA) has appointed a chief operating officer from the Australian Tax Office. Justin Untersteiner will join AFCA from the start of December. AFCA chief executive and chief ombudsman David Locke said Untersteiner's ...
The cost of mental illness
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
A new report from the Productivity Commission estimates mental ill-health and suicide is costing Australia up to $180 billion a year, or almost $500 million a day. The Productivity Commission draft report on mental health was published on October 31. ...
Chi-X forced to be client of competition
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
Disrupter stock exchange Chi-X has revealed it is forced to be a client of its competition - the ASX. The ASX currently has a monopoly when it comes to clearances and settlements in Australia. Chi-X chief operating and technology officer Mike Aikins ...
ASIC, MLC Nominees and NULIS in court
ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
ASIC has commenced Federal Court action against MLC Nominees and NULIS today in regards to fees for no service, filing a statement of agreed facts and admissions. ASIC alleges NULIS and MLC (as the current and former superannuation trustees of NAB) ...
Platform hints at aggressive expansion
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering. Xplore's ...
AFCA delivers $185m in compensation
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...
Super investment menus not what they seem: Rice Warner
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
New insights from Rice Warner questions whether superannuation investment menus are really appropriately designed for members. Since the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 passed in ...
Adviser tampered with MySuper
ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
A former Aon Hewitt adviser copped an ASIC ban after he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. ...
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