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Financial planning
New York based global banking and insurance giant Citigroup has sold the majority of its asset management business to US-based asset manager Legg Mason for approximately ...
Top 100
This marks the seventh year Money Management has produced the Top 100 Dealer Groups Survey and it remains the most extensive report of its type in the industry. The surve...
Life/Risk
AMP has extended its Flexible Lifetime range, introduced enhanced product features and updated commission options in the risk and insurance areas....
Financial planning
A former South Australian financial adviser who converted the proceeds of client cheques for his own use has been found guilty of fraud in the District Court of Adelaide....
Financial planning
National Australia Bank aims to profit from the trend for financial planners to become mortgage brokers and vice versa, launching a division which provides for the produc...
Funds management
The Australian Prudential Regulation Authority has added to the list of frequently asked questions for superannuation licensing on its website, with the inclusion of ques...
Financial planning
Results of the Commonwealth Bank’s review of Colonial First State will be announced before the end of February, as dealer groups and researchers call for a refinement of ...
Financial planning
In a pre-choice attempt to attract do-it-yourself (DIY) superannuation investors, ING has halved minimum investment amounts and cut management expense ratios (MERs) for i...
Superannuation
No one has been particularly surprised at the recent clash which has erupted between industry and retail super funds over the issue of choice, but the DIY super sector ha...
Financial planning
Farmers are ill-served by a financial planning industry still based around the pay-as-you-earn mentality, according to the head of a new team of specialist agribusiness p...
Life/Risk
ZURICH Australia Insurance (ZAI) and Zurich Financial Services (ZFS) have pledged to clean up their corporate governance, after investigations identified claims that over...
Financial planning
The war of words between industry and retail funds has only intensified as choice has drawn nearer. Last week, as industry funds were forced to withdraw a controversial a...
Financial planning
Fee comparisons are being overemphasised in the lead-up to choice of fund, according to the Financial Planning Association, which claims most debate on the new rules is m...
Superannuation
Anticipating a flood of self-managed superannuation funds being set up after July 1, the Australian Taxation Office and the Australian Securities and Investments Commissi...
Financial planning
Listed insurance broker and financial planning firm, OAMPS, has softened the impact of a court win against it by National Australia Bank, by agreeing to remain a customer...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...