Financial Planning
Lonsec to acquire in-house managed account offerings
HARRISON WORLEY  |  TUESDAY, 7 MAY 2019
Lonsec is looking to help financial advisers transition away from conflicted advice models by acquiring their in-house managed portfolios.
Financial advice drags BTFG results
KARREN VERGARA  |  MONDAY, 6 MAY 2019
BT Financial Group has farewelled a number of its advisers over the last six months as the group continues to offload its loss-making financial advice arm, its latest interim results.
Advisers agree on fair salary: Poll
KARREN VERGARA  |  MONDAY, 6 MAY 2019
Salary ranging from $75,000 to $95,000 that is inclusive of superannuation is fair compensation for a financial adviser with less than five years' experience, a new poll from Financial Standard's sister publication FS Advice shows.
Challenging conditions sting IOOF
HARRISON WORLEY  |  FRIDAY, 3 MAY 2019
IOOF recorded net inflows in the third quarter, but its performance suffered in comparison to the prior corresponding period.
Pendal profits plunge, advisers remain positive
KANIKA SOOD  |  THURSDAY, 2 MAY 2019
Pendal Group attracted $100 million net in adviser money in the first half, even as lower performance fees from its funds dragged down the first half results.
AMP leaks $1.8bn, names new CFO
HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
AMP's wealth management arm saw net outflows of $1.8 billion last quarter.
NAB, Nippon lock heads over MLC
KARREN VERGARA  |  THURSDAY, 2 MAY 2019
The National Australia Bank is clashing with Nippon Life about spinning off MLC as a standalone entity, admitting it is amid "disputing" contractual obligations.
ANZ boosts remediation team
HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
ANZ increased the size of its remediation team by 50% in an effort to cut through its refund program.
Westpac reveals Magnitude, Securitor adviser remediation
HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor.
Aon exits advice
HARRISON WORLEY  |  TUESDAY, 30 APR 2019
Aon will jettison its financial advice business, and has confirmed the transfer of its Eligible Rollover Fund to AUSfund.
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