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| | | ... funds and pay duplicate fees and charges as a result," Loane said. "Under the current default system, most Australians do not make a choice when it comes to their super fund, and every time they change jobs, they're defaulted into a new, separate account ... |
| | | | ... at the start of June. Nejasmic has since joined Lonsec as head of wealth management. His replacement has been appointed but not yet announced by the company. It was a mixed quarter for Xplore. Its funds under administration were up slightly to $13.59 ... |
| | | | ... remediation bill, NAB currently has the equivalent of 573 full-time staff working on its program of remediation, with the bank not expecting to clear its compensation bill until December 2022. As part of the review, ASIC noted a single adviser from NAB ... |
| | | | ... Capital Group chief executive Russel Pillemer said. "Advisers are increasingly telling is that they are looking for choice, not only in access to a broader range of investment opportunities and structure than ever before, but also pricing structures ... |
| | | | ... having to adapt their businesses to the current environment. "However, planners recognise the need to evolve their business not only to satisfy regulatory standards, but also to meet the demands of shifting consumer preferences and an uncertain investing ... |
| | | | ... addressing potential consumer harms, Press said. One sticking point for Commissioner Kenneth Hayne at the time was that s68A did not go far enough in preventing "treating" employers, and called for a civil penalty provision in the event of a breach - ... |
| | | | ... clients, who are looking to get better performance whilst having transparency over their investments but at the same time may not be able to afford the annual costs that a full service financial planner might impose on them," Wigzell explained "So it's ... |
| | | | ... with the capabilities of APRA's supervisory teams, with "slightly but significantly" lower perceptions recorded in 2019. Not all is lost for the prudential regulator however, with 86% believing APRA's increased focus on risk culture had made ... |
| | | | ... anywhere else," Symonds said. Part of what drew the firm to Fitzpatricks was the common way they view their clients: "We are not trying to sell clients a product, rather looking at getting them well organised financially over the long-term," he said. ... |
| | | | Managed accounts have reached a growth milestone, now making up 29% of the investment market in Australia. Managed accounts funds under administration grew by 17% to $51 billion in the 12 months to March, according to Rainmaker data. Platform funds ... |
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