From the Source

Independent Statutory Advice Board is essential to regain trust

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The Financial Services Council is advocating for the establishment of a statutory, independent, Advice Competency Standards Board (ACSB) for financial advisers to rebuild the trust of consumers in financial advice, John Brogden, CEO of the FSC said yesterday. “The advice industry needs an external, independent governing body,” Mr Brogden said. “The best way to regain trust is […]

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Leading WA finance broker completes change of business name

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Leading West Australian finance broking company Security Allied Finance Pty Ltd has successfully completed the process to change its trading name to Allied Finance (WA) and Managing Director Russell Green confirmed the new identity has been well received by clients, alliance partners and industry. The shortened name was selected as it conveyed a very clear […]

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Bennelong Funds Management appoints new CEO

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Successful fund manager, Bennelong Funds Management (Bennelong), today announced the appointment of Craig Bingham to the position of Chief Executive Officer (CEO). Craig will join Bennelong on 20 October. With over 25 years’ experience in the industry, Craig is a highly regarded financial services executive with extensive experience in Australian and international markets. He joins […]

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TAL backs Equal Pay Day – calls for greater change

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Australia’s largest life insurer TAL last Friday, on Equal Pay Day, urged all businesses to take action to address the pay inequity for women. In July TAL announced it had narrowed the ratio of female to male pay from 82% to almost 98%. That ratio has edged higher to 98.5% in TAL’s latest gender pay measure. […]

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HUB24 passes $1bn milestone

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HUB24 has confirmed that it has exceeded $1 billion in Funds Under Administration (FUA) on its investment and superannuation platform. HUB recently released its results for 30 June 2014 with FUA of $854 million as at that date. In the quarter ending 30 June we recorded net inflows[1] of $118 million and in the subsequent months […]

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Aggregator appoints new GM and sets itself for growth

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The mortgage aggregator Australian Loan Company has appointed a new General Manager of Sales and Marketing. Well known industry executive Kevin Frost has taken up the reigns with a clear mandate to grow the business. Australian Loan Company is part of the publicly listed Centrepoint Alliance Limited. Bob Dodd, Chief Executive of the Centrepoint lending […]

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Myth busted: when young Australians leave the nest

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Protecting income key for the newly independent A survey has bucked the perception that young Australians are staying at home substantially longer than their parents did. The findings reveal offspring fly the coup and become financially independent at an average age of 23. Surprisingly, this compares to their parents who left home only two years […]

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A mixed reporting season has its hits and misses

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Returning capital to shareholders a worrying trend A difficult six months in a number of sectors has led to mixed reporting of Australian listed companies, says Jamie Nicol, CIO, Dalton Nicol Reid. “Our research shows that 36% of Australian listed companies beat market expectations and 23% of the companies missed market expectation in the current […]

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AFA Learning Pillars shape AFA National Adviser Conference program

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The program for the Association of Financial Advisers (AFA) 2014 National Adviser Conference has been built around the AFA’s four learning pillars of professional development and leadership, which is a cultivation of practitioner-focused content and peer-to-peer learning. AFA’s General Manager of Membership Services and Campus AFA, Nick Hakes, said at a big picture level the […]

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Perpetual delivers strong results and returns in 2014

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Perpetual Limited (Perpetual) has delivered strong results for the 12 months to 30 June 2014 with underlying profit after tax (UPAT) of $104.1 million, up 37%, and statutory net profit after tax (NPAT) of $81.6 million, up 34% on FY13. The Board has determined to pay a fully franked final dividend of 95 cents per […]

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