Financial Standard
WEBStafford Capital head of client solutions, Australia and New Zealand Elysse Morgan spends most of her working day engaging with the keepers of capital, encouraging them to break new ground, to step away from the conventional, and go against the grain with the nascent asset class of timber.
ANZ to pay $57.5m to settle class action - Financial Standard
WEBMar 25, 2024 · The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval.
FS Power50 - Financial Standard
WEBThe 2024 FS Power50 is now closed. The 50 most influential financial advisers in Australia will be announced on 4 November 2024. Please include specific information, results and/or testimonials that detail industry and community awards, business profile, client case studies or business metrics, memberships as well as examples of advocacy on ...
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WEBStafford Capital head of client solutions, Australia and New Zealand Elysse Morgan spends most of her working day engaging with the keepers of capital, encouraging them to break new ground, to step away from the conventional, and go against the grain with the nascent asset class of timber.
Family Office | Financial Standard
WEBSuccession planning troubles family offices: J.P. Morgan. KARREN VERGARA | TUESDAY, 30 APR 2024. Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals. PAGE:
Australia Post Super Scheme cuts premiums by 10%
WEBNov 4, 2021 · Australia Post Super Scheme cuts premiums by 10%. Some members of Australia Post Super Scheme (APSS) will enjoy reduced insurance premiums as the fund makes several alterations. The $8 billion APSS informed members that there will be a few changes to investments, strategic asset allocations and group insurance.
Heightened costs push young Aussies to plan ahead: HESTA
WEBAug 27, 2024 · It stated that 41% of the total respondents across all age groups have taken more action on the retirement planning front. Specifically, 44% of those aged 40-54 years and 29% of those over-55 had done so; some 49% of those under 40 have. HESTA chief executive Debby Blakey said the findings are "encouraging".
Managed accounts FUM at $131bn - Financial Standard
WEBMar 15, 2022 · As at 31 December 2021, funds under management (FUM) in managed accounts stood at $131 billion, an increase of $21.06 billion in the six months from 30 June 2021. At that time FUM held in managed accounts totalled $111 billion. Participants in the census ranged from the large platforms, banks, and …
Grandfathered commissions ban passes | Financial Standard
WEBOct 15, 2019 · Grandfathered commissions ban passes. The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment (Ending Grandfathered Conflicted Remuneration) Bill 2019 ...
Australian banks among most fined - Financial Standard
WEBJan 12, 2021 · Goldman was hit with a further $2 billion fine from US regulators for its role in underwriting 1MDB bonds. The second largest US fine was $3 billion, handed to Wells Fargo after it was revealed the bank had set up millions of fake accounts. Australian banks came in second place, with just three fines managing to add up to US$981 million.