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FSU secures super pay increases
ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... Financial Standard a spokesperson from Hostplus confirmed the news and said the deal has been approved by the Fair Work Commission. "As well as delivering for its staff a market competitive 3.5% salary increase year on year for the life of the agreement ...
Advisers switch platforms amid pandemic
ALLY SELBY  |  TUESDAY, 7 JUL 2020
... switched between various investment platforms in their search for better service and support in the wake of the Royal Commission and COVID-19 pandemic. Investment Trends' 2020 Planner Technology Report found that 29% of financial advisers stopped placing ...
ANZ accused of paying hush money on BBSW scandal
ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
... said. Levitt Robinson said the case will be a test of the new whistleblower protections brought in after the Royal Commission. An ANZ spokesperson said: "Mr Alexiou was dismissed in 2015 for significant breaches of company policies and we will be defending ...
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
... effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal Commission in February 2019. The Royal Commission formed the view that CFSIL's decisions not to bring the migration of certain cohorts ...
Super for women under scrutiny
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... from to pay for the coaching services. This seems like vertically integrated financial planning services pre-Royal Commission with no commissions or fees to be disclosed to the consumer," she said. "At least if a consumer went to a bank or AMP-aligned ...
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... Ferrari's criticism of litigation funding and class actions, as AMP continues to battle lawsuits sparked by the Royal Commission. Slater and Gordon head of class actions Ben Hardwick has labelled AMP "arrogant" and accused its chief executive of having ...
AMP approved product list under fire
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution has changed since the Royal Commission. Leigh acknowledged that AMP was hit hard by the Royal Commission, saying: "You used to trade over $5, now you trade below ...
Super funds merge, board revealed
ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
... The VicSuper representatives to join the new board are; Gabrielle Bell - nominated by the Victorian Public Sector Commission, Patricia Faulkner - nominated by the Victorian Department of Education and Training, Antoinette Masiero - nominated by the Australian ...
AFA, FPA share bleak view of industry
ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... advisers out of 23,000 had completed the exam recently - and about 1000 of those had not passed. He defined the Royal Commission reforms as getting financial advisers over "basic" hurdles of professionalism. De Gori pointed out the exam was delayed by ...
Trust in advisers wanes
JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... markets, while just 57% of those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further ...
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