Record growth drives HUB24’s transition to profitability
HUB24 (ASX: HUB) today announces its results for the year ended 30 June 2016. Record net inflows of $1.61 billion (an increase of 102% over the prior corresponding period) has driven the company to a positive EBITDA (note 1) result for 2HFY16. Key highlights for the year are: • 94% growth in Retail Funds under
August 29, 2016
Unbiased Mortgage Advisers disrupts the home loan market
Unbiased Mortgage Advisers (Unbiased), Australia’s first, truly independent and unbiased mortgage service (note 1) believes that Australian home owners could be missing out on more than $1.3 Billion dollars of annual savings on their home loans, according to recent data which confirms that the market disruptor is saving its customers an average of $14,344 (note
August 29, 2016
Coming to Australia, almost as safe as houses
This planner from England’s north knew there was probably a better life to be had in Australia, so she and her husband took the plunge and they’ve never looked back. Jo Leggatt writes.
August 29, 2016
Storm Financial founders breached directors’ duties: Federal Court
Court rules that Emmanuel and Julie Cassimatis breached their duties as directors of the financial planning business, and Storm provided inappropriate advice to clients.
August 29, 2016
CFS adds aged care solution to FirstChoice platform
Colonial First State has launched Challenger’s CarePlus annuity on the FirstChoice platform, creating easy access for financial advisers whilst continuing to provide leading retirement solutions to clients. General Manager Product and Investments at Colonial First State, Peter Chun, said the move comes as part of a broader commitment to cement Colonial First State’s position as
August 29, 2016
Colonial First State launches Challenger’s CarePlus to meet increasing aged care needs
Sydney, 29 August 2016 – Challenger’s successful aged care solution, CarePlus, has been launched by Colonial First State (CFS) FirstChoice, making it more readily available to thousands of financial advisers across Australia. The addition of CarePlus expands Challenger’s partnership with CFS which already provides Challenger lifetime and term annuities. It will be available via CFS’s
August 29, 2016
Senior consumers must have confidence in financial industry & its practices says SEQUAL Chairman Peter Szabo
Since its inception as the professional association of providers of equity release products and services, SEQUAL has campaigned to highlight the pending longevity gap and resultant financial dilemma of Australia’s senior citizens – however senior consumers of these products need far more reassurance from financial institutions than requiring their intermediaries and representatives to have SEQUAL
August 28, 2016
Better outlook for 2017 results
Based on this year’s reporting season results and guidance released to date, investors can expect better results for the 2017 financial year as more companies progress through the difficult process of exiting businesses and restructuring operations, says David Bryant, CEO at Australian Unity Investments. “Across the market as a whole, company earnings for the financial
August 26, 2016
Financial planning industry needs to think about what it leaves behind
Financial planning invariably ranks poorly in surveys of public trust. But if the profession can find a voice to speak out on wrongdoing, its legacy may be saved. Simon Hoyle writes.
August 26, 2016
IFAs and accountants seek out robo-advice
Stockspot, Australia’s leading automated investment adviser, has launched its partners programme for advisers, accountants and other professionals. The programme will allow selected financial professionals to partner with Stockspot for their clients. Stockspot will manage the client’s portfolio including all advice, investing, compliance, rebalancing and tax reporting. The IFA or accountant has full visibility of their
August 25, 2016
AMP Capital invests in Evergen, a next-generation renewable energy start up
AMP Capital and The Commonwealth Scientific and Industrial Research Organisation (CSIRO) have collaborated on the development of Evergen, a new business in clean energy and energy efficiency. Evergen, which has officially launched today, sells and manages intelligent home energy systems comprising solar power and batteries, which is based on technology provided by CSIRO. The Evergen
August 25, 2016
