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Showing 931 - 940 of 2988 results for "ARRA"

AMPFP ceases MDA services

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
AMP Financial Planning has ceased providing managed discretionary account services following the imposition of tailored licence conditions by ASIC. ASIC tailored AMPFP's MDA licence conditions in March this year - the extra conditions meant a senior ...

Government fund appoints new chair

KANIKA SOOD  |  MONDAY, 16 DEC 2019
A $110 billion superannuation fund has appointed a new chair as it continues to sound out another fund for a potential merger. Don Luke is taking over as the chair of QSuper as incumbent chair Karl Morris steps down after two terms. Luke was most recently ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
Fund managers will be allowed to list new non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
AMP has informed licensees and financial advisers it will phase out contribution fees in Q1 2020. In a letter from AMP managing director of superannuation, retirement and platforms Lara Bourguignon, AMP has said it will cease charging and paying contribution ...

Elders FP to shutter

JAMIE WILLIAMSON  |  TUESDAY, 10 DEC 2019
Elders Financial Planning will be wound down over the coming months, the dealer group has confirmed. In a statement to Financial Standard, a spokesperson for Elders Financial Planning confirmed a decision to close the dealer group was reached at the ...

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
Super Consumers Australia (SCA) has slammed AMP in an open letter to the board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released ...

Sunsuper head of corporate, insto sales departs

KANIKA SOOD  |  MONDAY, 9 DEC 2019
The $70 billion superannuation fund's head of corporate and institutional sales has left to head retail sales at a major life insurer. MetLife has appointed Meray El-Khoury as its head of retail sales effective this month. El-Khoury reports to chief ...

Industry funds dominate risk-adjusted MySuper returns

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
Industry superannuation funds have laid down the gauntlet to their counterparts, taking the top 10 positions in Rainmaker's most recent league tables for risk-adjusted MySuper returns. The latest edition of Rainmaker's RMetrics MySuper report has seen ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
JPMorgan's former head of equity, capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
AMP announced it will introduce annual agreements for clients who currently receive ongoing financial advice. During 2020, ongoing advice agreements will be phased out for all AMP-aligned and employed advice networks. "We have been considering the best ...