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Showing 1021 - 1030 of 1727 results for "Provisio"

FPA shines light on "catch-all" dilemma

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
The "catch-all" phrase within the Future of Financial Advice (FoFA) best interests' duty provision is back, with advisers wondering what it means for their businesses. The Financial Planning Association (FPA) general manager of policy and conduct Dante ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Advice associations will make grandfathering a priority in their conversations with government and opposition to address the sudden disallowance of the government's changes to the Future of Financial Advice (FoFA) legislation. "We are quite confident ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
Financial advisers must fully comply with Labor's original Future of Financial Advice (FoFA) laws from today, after the Senate voted to disallow the government's amendments last night. The reversion to the original legislation took effect as soon as ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
Financial advisers will need to keep additional records proving they've complied with the best interests' duty when they give personal advice to retail clients after 23 March 2015. Information to be provided will include documentation that proves the ...

Unlicensed Torquay adviser gets 7 year ban

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Torquay-based director and sole employee of Shore Capital Scott Logan has been banned for providing financial services for seven years. An investigation by the Australian Securities and Investments Commission (ASIC) found that between April 2011 and ...

TAL lobbies for annuity regulation change

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
Life insurer TAL has argued in favour of regulatory changes to income stream products in a detailed response to the Treasury's 'Review of retirement income stream regulation' discussion paper. TAL said that regulation "should be broadened to enable ...

BNP Paribas top custodian for client satisfaction

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
BNP Paribas has emerged as the top Australian custodian when it comes to client satisfaction, beating the likes of Citi, J.P. Morgan and NAB Asset Servicing (NAS), in the Global Custodian Agent Banks in Major Markets Survey 2014. The survey asked the ...

NAB wealth returns "below acceptable levels"

LAURA MILLAN & AAP  |  THURSDAY, 30 OCT 2014
National Australia Bank (NAB) net profit for the year to September 30 was down 1.1%, with chief executive Andrew Thorburn saying that NAB Wealth returns were "below acceptable levels." NAB's net profit was $5.295 billion, down 1.1% from $5.355 billion ...

Towers Watson launches Thinking Ahead Institute

JAMES FERNYHOUGH  |  WEDNESDAY, 29 OCT 2014
Towers Watson has launched a global not-for profit organisation aimed at "influencing change in the investment world to improve the provision of savings." Dubbed the Thinking Ahead Institute, it is open to asset owners, investment managers and other ...

Australian family businesses lag global counterparts

MARK SMITH  |  FRIDAY, 17 OCT 2014
The performance of Australian family businesses over the last 12 months has lagged that of their global counterparts, according to the latest survey by PwC. Just over half (53%) of the local family businesses surveyed reported sales growth over the ...