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Showing 91 - 100 of 209 results for "Catch-22"

Industry receives FoFA bill with mixed feelings

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
The financial services industry and the advice community have has mixed reaction to the bill introducing changes to the Future of Financial Advice (FoFA) with mixed reactions. "The Financial Planning Association is supportive of the amendments, other ...

Government limits general advice exemption in FoFA amendments

LAURA MILLAN  |  THURSDAY, 20 MAR 2014
The Future of Financial Advice (FoFA) amendments bill that was introduced into the Parliament yesterday has limited the general advice exemption, but does not explicitly forbid commissions. The Corporations Amendment (Streamlining of FoFA) Bill 2014 ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...

When saving goes bad

BENJAMIN ONG  |  FRIDAY, 28 FEB 2014
"As this prudent economy, which some people call Saving, is in private families the most certain method to increase an estate, so some imagine that, whether a country be barren or fruitful, the same method if generally pursued (which they think practicable) ...

FEATURE: The cost of cash

MARK SMITH  |  FRIDAY, 14 FEB 2014
Little more than two years ago, you wouldn't have to look very hard to find a 12-month term deposit paying you around 6%. But the hangover from the wildest commodity-fuelled party in Australia's history had to catch up eventually. Since then, the Reserve ...

ETF assets tipped to reach $13 billion in 2014

MARK SMITH  |  THURSDAY, 16 JAN 2014
State Street Global Advisers (SSgA) has forecast exchange traded fund (ETF) assets under management in Australia will swell to $13 billion over the next 12 months. The domestic ETF market proved popular in 2013, with funds under management rising by ...

Waiting to catch up

BENJAMIN ONG  |  TUESDAY, 3 DEC 2013

Transaction-based fees hurt private banking clients

MARK SMITH  |  WEDNESDAY, 13 NOV 2013
Credit Suisse's Asia Pacific head of private banking Francesco de Ferrari has criticised the industry's commonplace transaction-based fee structures for not being in clients' best interests. He told Financial Standard that charging clients when they ...

Tailor advice to each generation: research

LAURA MILLAN  |  TUESDAY, 15 OCT 2013
Advisers should tailor their communication strategies to suit the needs of each generation, but in the age of internet, face to face meetings are still the clients' preferred system to communicate with advisers. An AFA white paper revealed that, while ...

IOOF determined to get a slice of the trust pie

LAURA MILLAN  |  FRIDAY, 20 SEP 2013
IOOF is set to get a slice of the trustee business pie and will acquire a strategic holding in Equity Trustees after its buyout offer for The Trust Company didn't catch the eye of the board. IOOF will likely acquire 13% of the Equity Trustees shares ...