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Showing 1 - 10 of 46 results for "Advice Division"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... to this growth was the North platform, which saw increased engagement from independent financial advisers. The advice division recoded an NPAT loss of $25 million. However, this figure indicates an improvement of $5 million compared to 1H22 results. ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... expects it will hit the breakeven target at the end of 2024. "If the self-employed channels breakeven, we expect the advice division as a whole to be tracking at [about] the $10 million profit," he said. Rainmaker analysis shows that Insignia led the ...

New head of ESG at boutique

ELIZABETH MCARTHUR  |  MONDAY, 26 JUL 2021
A boutique investment manager has hired a new head of ESG from BT. Emma Pringle has been appointed the head of ESG at Maple-Brown Abbott (MBA). Pringle had a 14-year long career at BT, most recently as head of customer governance and sustainability. ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Marianne Perkovic to depart CBA

ALLY SELBY  |  TUESDAY, 23 JUN 2020
... banking business, however, previously served as an executive general manager of the bank's wealth management advice division. Prior to this role, she worked at Colonial First State as a general manager of distribution, before stepping into a role ...

Mortgage Choice Financial Planning rebrands

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Mortgage Choice has announced the rebranding of its financial advice division from Mortgage Choice Financial Planning to FinChoice. Mortgage Choice chief executive Susan Mitchell said the decision came after a strategic review of the company's brand ...

Former ANZ Wealth investment chief exits

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2020
The former chief investment officer for ANZ Wealth has left the business as part of the extensive job losses announced last week. Financial Standard understands Mark Rider, ANZ Wealth's chief investment officer since March 2017, has left the business. ...

APRA names new executive director

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
APRA has announced the appointment of a new executive director of its policy and advice division. Renee Roberts will take on the role, after previously holding a range of senior leadership roles in the banking and insurance sectors. Roberts will leave ...

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
... from its financial advice and investment management businesses for the 3 months to 30 September. The Financial Advice division had $33 million of net inflows compared to $119 million of net inflows in the prior corresponding period. While it's investment ...

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
... advice to customers on 2 March 2018. It confirmed to Financial Standard in July last year that its local retail advice division would shut its doors by September 2018.
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