Industry
NAB delays MLC Wealth divestiture
NAB has stretched out the timeline for the spinoff of its MLC Wealth business and has kept a trade sale on the table as an option. Tahn Sharpe reports.
Tahn SharpeFebruary 14, 2019
Industry
Industry
Royal commission costs tick over $500 million for AMP
The bank’s annual results also revealed net cash outflow of $3.968 billion from Australian wealth management, compared with $931 million net cash inflows the previous year.
Matthew Smith and Tahn SharpeFebruary 14, 2019
Industry
Hayne throws doubt over AMP BoLRs
The Commissioner's view that client fees shouldn’t be seen as a tradable asset by advisers and wealth firms appears to undermine the BoLR-style of agreement.
Matthew SmithFebruary 6, 2019
Industry
Conexus Financial expands retail, institutional teams
The media and events company has added five talented new staff members across a range of business development and editorial roles.
Alice UribeJanuary 29, 2019
Industry
Finance jobs down but there is a silver lining
A new report from Sunsuper has highlighted the effect of the royal commission on hiring in financial services but there could be hope for a rebound on the way.
Tahn SharpeJanuary 29, 2019
Industry
MLC launches wealth assault, cuts admin fees
The MLC fee announcement represents a significant shift in the way major platforms plan to work with dealer groups in the future as they bring wholesale pricing to end investors.
Matthew SmithJanuary 29, 2019
Licensees
ClearView enlists freewheeling academic
The major licensee has reacted to adviser requests for client engagement tools by recruiting an expert from Griffith University who specialises in systematising adviser/client relationships.
Tahn SharpeJanuary 23, 2019
Industry
Industry funds should avoid ‘hubris’
KPMG’s wealth management partner, Paul Howes says the de-accumulation stage is being given too little attention, warning industry superannuation funds against letting inflow surges distract from addressing the systemic issues raised by the royal commission.
Alice UribeJanuary 22, 2019