The latest issue of Financial Standard now available as an e-newspaper
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|Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days. Two key pieces of legislation were passed yesterday: the ...|
|... decades, so we're able to leverage our experience to deliver a sustainable managed accounts offering that is centred on choice and flexibility," Weber said. "In addition to the choice and flexibility benefits, managed accounts deliver transparency ...|
|... and continuing to build upon the living ethos of 'members' first'," Firkins said. AvSuper won member's choice at the 2019 Rainmaker SelectingSuper awards, which Rainmaker said indicated the fund was successful at engaging members. AvSuper ...|
|The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's ...|
|... to write new insurance policies," Ridgeway said. "The ACCC is concerned that the proposed merger will reduce insurers' choice of reinsurance brokers in an already concentrated market. This could lead to price increases or reduced service levels for customers ...|
|... income protection underwriting offering for newly qualified professionals starting out in their career. The Professional Choice offer will enable newly qualified professionals to increase their monthly income protection benefit by a maximum of 50% in ...|
|... mortgage deferrals and reductions, and broader legislative changes, saw many in the industry working more hours, often by choice. Sector workers experienced the largest increases in positive stress compared with workers in other industries (up 3.8 percentage ...|
|... associate research director King Loong Choi said. "Competitive premiums matter for planners and their clients in their choice of insurer, but it isn't the sole factor. Planners highly value proactive support, meaning that insurers that provide quality ...|
|... institutions, and argued that small, individual advice businesses should not be footing the bill. "Many of the advisers have no choice but to pass on any increases in regulatory fees to their clients, which continues to increase the cost of advice and ...|
|... branch manager Luke Rybarczyk, previously a client adviser at Bell Potter for nearly 10 years. "Ord Minnett was the right choice for our clients given a strong history of servicing a wide range of private clients large and small," he said. "Ords has ...|
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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