The latest issue of Financial Standard now available as an e-newspaper
|Search Results||Showing 1 - 10 of 21 results for "BOLR"|
|... Resort agreements De Ferrari chose not to get too specific. He confirmed about 260 practices are seeking to enact their BOLR agreement but did not say at what level those BOLR agreements would be honoured. "We are setting funds aside to meet our BOLR ...|
|... claims In early August AMP announced its plans to reshape its advice offering, including the highly contentious changes to BOLR terms (more detail below). Shortly after, the then-head of AMP's advice business, Alex Wade told Financial Standard AMP ...|
|... Following on from AMP's decision earlier this year to restructure its advice business and slash Buyer of Last Resort (BOLR) multiples, financial advisers who were given their notice by the institution have been given an additional month to consider ...|
|... Cook says that by November, 2016 she had become aware that AMP Group companies had charged fees to orphan customers in its BOLR pool fees without providing services to them. She also claims that as of that date, she was aware that companies in the AMP ...|
|... High Court action could assist the AMPFPA in its legal challenge, due to the impact the end of grandfathering will have on BOLR valuations particularly since AMP's policy changed in August. "BOLR changes are all based on grandfathered commissions ...|
|... battle with AMP Financial Planning over its decision to change its Master Terms in regards to business valuations under the BOLR policy without notice or consultation. Speaking to Financial Standard shortly after the announcement, AMP's then-group ...|
|... that as recently as May 2018 the then-managing director of AMP Financial Planning had met with practices to assure them BOLR terms would be unchanged, leading those businesses to remain with the licensee. The association has prepared an issues paper ...|
|The NSW shadow minister for finance and small business has asked what the state government is doing for advisers facing financial ruin as a result of AMP's plan to change Buyer of Last Resort terms . Speaking in NSW parliament earlier this week ...|
|... required 13 months' notice of a substantial change. Wade rebuked this, saying the AMPFPA received a full briefing on the BOLR changes on July 25 - two weeks before they were announced to the market. The association was also provided detailed documentation ...|
|... saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business valuations to realistic market values of around 2.5x. It also announced a renewed wealth strategy focused on quality ...|
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors.
iShares today listed two exchange traded funds on the ASX that invest in Australian corporate bonds.
A survey of 110 pension funds, endowments, foundations, sovereign wealth funds and insurance companies worldwide has revealed the new priority position ESG is taking in asset allocation.
Investec has established a postgraduate research scholarship with the University of Sydney Business School; in a move that it says will benefit the future finance workforce in Australia.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|