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| | | Whether or not superannuation funds should stop charging life insurance cover after 13 months without contributions has divided the industry, Financial Standard's weekly survey results show. Forty-nine percent of respondents said it's only fair superannuation ... |
| | | | AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ... |
| | | | The Insurance in Superannuation Working Group is urging superannuation trustees to sign up to its voluntary life insurance code of practice, which will come into effect 1 July 2018. To eschew account balance erosion, super trustees under the code will ... |
| | | | Melbourne-based La Trobe Financial, one of the largest non-bank lenders in the country, struck a landmark deal with New York-based private equity giant Blackstone. In a deal announced this morning, Blackstone has taken an 80% stake in the privately-owned ... |
| | | | IOOF's group head of research and portfolio construction, who took over the company's research functions in early 2015 after the acquisition of SFG Australia, will leave in March next year. Matthew Drennan took on the head research role around the same ... |
| | | | The hits keep coming for CBA with fresh allegations of money laundering and counter-terrorism financing levelled by the regulator. In amended statement of claim released yesterday, AUSTRAC filed a further 100 alleged breaches of anti-money laundering ... |
| | | | After Macquarie Atlas Roads (MQA) internalised management functions following shareholder pressure, Macquarie has sold down its remaining stake in the listed investment company. Via a bookbuild, Macquarie sold 76 million shares in MQA for $6 per share. ... |
| | | | Channel Capital has appointed a new distribution director - retail, intermediaries and family office. Luke Mandekic joins Channel Capital from Aberdeen Asset Management, where he was a regional sales manager based in Melbourne. Prior to that, he was ... |
| | | | Fiducian has added three financial planning client books, collectively representing an additional $40.9 million in funds under advice. The transactions were funded by excess cash; client bases are located in Perth, Melbourne and the Sunshine Coast ... |
| | | | The former chief executive of a Challenger subsidiary has taken on a new role at a Sydney-based fintech. Tracy Williams, who departed Accurium in July, will join cloud based SMSF documentation platform NowInfinity in the newly created role of chief ... |
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