MLC

Financial planning

NEOS and MLC Life Insurance have released their Encompass Protection retail life insurance offering designed in response to the increasing cost of providing risk advice....

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People & Products

BT has appointed Kathryn Cosentino from Insignia Financial as its head of product management for its platform business, effective from 4 May....

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Financial planning

IOOF has consolidated its legacy platforms onto its superannuation and investments platform which now has $41 billion in funds under administration....

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Financial planning

A “continued focus on practice sustainability and professional standards” led to IOOF reporting a loss of 65 financial advisers during the first quarter of FY22....

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Life/Risk

Total and permanent disability products are next on the list for insurers to look at to ensure they do not become unsustainable like income protection....

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Life/Risk

With risk advisers leaving in droves DEXX&R believes there is opportunity for life insurers to set up their own dealer groups as long as they have an open approved produc...

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Financial planning

Since the acquisition of MLC, the firm has focused on organisational design which has resulted in its chief information officer leaving IOOF....

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Life/Risk

Risk advisers need to ensure their clients know that level premiums are not a guarantee and what to expect when their first-year discounts expire, according to life insur...

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People & Products

MLC Asset Management has appointed Laura Hotaling as portfolio manager to its private equity team, building on several senior appointments announced earlier this year....

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People & Products

Gillian Wilson has been appointed as portfolio manager of Antares Fixed Income, commencing from 13 September, 2021....

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Funds management

The firm posted an underlying profit after tax increase of 19.2% despite drops in revenue for advice and investment management for FY21....

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People & Products

Colonial First State has hired Anthony Lane from MLC as its group chief risk officer as it continues its senior leadership appointments spree....

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Life/Risk

Risk specialist advisers will have a tough time growing new business as the life insurance market continues to shrink and the cost of advice continues to rise....

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Financial planning

Already having difficulties accessing advice, stapling could add to the challenges younger generations face in getting the right financial products....

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Financial planning

The last quarter of the 2021 financial year saw IOOF lose 33 self-employed advisers leading to an outflow of $2.2 billion but this was marginally offset by inflows of $0....

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Graeme

FWIW I am a long term holder of both. I am relaxed about my LICs trading at a discount. Part of a cycle. I would like...

12 hours ago
Ross Smith

The term "The democratisation of private assets continues to gain steam" is marketing misleading. There is no democracy...

14 hours ago
Greg

I have passed this exam, and it is not easy or fair exam. It's no wonder that advisers are falsifying their results. ...

3 days 13 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

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A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago