Craig Phillips

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People & Products

18 Oct

MLC loses head in NAB restructure

National Australia Bank today announced the departure of MLC chief executive Peter Scott after six years in the role as the bank moves to adopt a more regional business s...

Financial planning

18 Oct

AXA rejects takeover bid as stock falls

AXA Asia Pacific shares dropped 44 cents or 10 per cent in early trading this morning following an announcement the group had terminated talks with its French parent AXA ...

Financial planning

17 Oct

ASIC revokes Melbourne group’s AFSL

Melbourne-based financial planning firm Halifax Partners has sold its client-base to a risk advice group operating under Perth dealer firm, Wealthsure, after the Australi...

Financial planning

17 Oct

Investment spruikers catch ASIC eye

A collection of firms and individuals promoting the trading of options with claims of returns of “60 to 180 per cent” and that investors attending seminars would find it ...

Financial planning

15 Oct

AM Corp investors stick with IOOF

IOOF will pay former AM Corporation management “the high end of the $12.6 million scale” of a funds under management retention deal struck when AM Corp was acquired by th...

Financial planning

14 Oct

AFS takes Praemium on board

Australian Financial Services has signed a deal with Praemium Portfolio Service that will see its network of 50 member firms have access to the virtual wrap system....

Financial planning

13 Oct

Tranzact seeks subsidiary buy-back

Tranzact Financial Services, previously Beacon Financial Services, is aiming to buy-back the 60 per cent stake in superannuation administration firm Australia First Finan...

Financial planning

13 Oct

Dealership Enterprise for CBA

The Commonwealth Bank of Australia (CBA) has ended almost a year of speculation about the structure of its new financial planning venture by unveiling a suite of initiati...

Financial planning

13 Oct

Pengana kicks-off small caps division

Pengana Capital has unveiled details of the two key investment managers that will be responsible for running its anticipated new small caps venture, the Pengana Emerging ...

People & Products

12 Oct

Financial Wisdom seeks new head

The Commonwealth Bank of Australia is aiming to have a replacement head for its Financial Wisdom advice group in place before the mid-October departure of incumbent gener...