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20 August 2018 • By Tim Stewart • 1 min read

ASIC admits it mishandled grandfathering

ASIC deputy chair Peter Kell has conceded that the grandfathering of commissions is not at all in the interests of consumers, and a “policy level” ...

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Super fees obsession ‘unhealthy’: Rice Warner

Consumers should be encouraged to focus on the value their fund provides rather than focusing on fees alone, argues Rice Warner. In a statement ...

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China will sidestep debt crisis: Spectrum AM

The Chinese government has taken enough measures to avoid a debt crisis, says Spectrum Asset Management – at least in the short term. In a note to ...

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Robo-advice falling on deaf ears for HNWs

More affluent investors are not interested in standalone automated advice services, according to a new survey by GlobalData. The research comes in ...

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T. Rowe Price names APAC head of distribution

Nick Trueman has been appointed head of global investment management services at T. Rowe Price for Asia-Pacific, succeeding Scott Keller. T. Rowe ...

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AMP super governance under scrutiny

AMP has denied that its superannuation funds are permitted to underperform for five years before the investment committee is obliged to inform the ...

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ASX profit up 2.5% to $445 million

The Australian Stock Exchange has grown its earnings per share for the sixth year in a row, resulting in a $445 million profit for the 2017–18 ...

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Second APRA deputy chair legislated

The government has passed legislation that will create the previously-announced position of co-deputy chair. APRA will have a second deputy chair ...

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Financial services’ Ethics Index score takes a dive

The financial services industry has fallen even lower in the eyes of Australians with the release of the Governance Institute’s latest Ethics Index

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Westpac replaces chief information officer

Citigroup chief technology officer Craig Bright will take the place of Westpac current chief information officer Dave Curran, who will resign at the ...

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