Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1041 - 1050 of 1814 results for "Regulation 2014"

FoFA boosts advice business valuation

LAURA MILLAN  |  THURSDAY, 21 NOV 2013
The valuations of advice businesses compliant with the Future of Financial Advice (FoFA) regulation have increased in Western Australia, Victoria and New South Wales. "Concerns around FoFA have not lowered valuation multiples and in some states they ...

David Murray to head financial system inquiry

MARK SMITH  |  THURSDAY, 21 NOV 2013
Future Fund inaugural chair David Murray has been appointed to head the inquiry into Australia's financial system, the Government has announced. Dubbed the "Son of Wallis" inquiry in reference to a similar inquiry led by Stan Wallis 16 years ago, the ...

Group insurance faces 'perfect storm'

JAMES FERNYHOUGH  |  THURSDAY, 21 NOV 2013
The current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen. "I've heard the words 'perfect storm' bandied around ...

Insurance profit falls 25% in 2013

LAURA MILLAN  |  WEDNESDAY, 20 NOV 2013
Insurance companies' results for the twelve months to September 30, 2013, reflect the struggle that the industry is going through at the moment, with a 26.5% fall in net profit after tax in the last 12 months. The net profit after tax stood at $2.2 ...

Market Wrap AM

AAP  |  WEDNESDAY, 20 NOV 2013
... governor (financial markets) Guy Debelle is slated to be a panel discussant at the Centre for International Finance and Regulation (CIFR) Forum on Perspectives on Financial Markets in Sydney. The Australian Bureau of Statistics releases October international ...

MLC named as insurer for Qantas's MySuper product

JAMES FERNYHOUGH  |  TUESDAY, 19 NOV 2013
Corporate super fund Qantas Super has appointed MLC as its group insurer following a "comprehensive review of the fund's insurance arrangements". Since 2011, Qantas has offered its members voluntary insurance through MLC. However, the new partnership ...

Sinodinos hints at relaxing conflicted remuneration rules

MARK SMITH  |  THURSDAY, 14 NOV 2013
Assistant Treasurer Arthur Sinodinos has suggested that some forms of remuneration currently regarded as conflicted may be allowed under the government's amendments to the Future of Financial Advice (FoFA) reforms. In a pre-recorded interview with Association ...

APRA voices concern over super in-house investment

JAMES FERNYHOUGH  |  THURSDAY, 14 NOV 2013
The Australian Prudential Regulation Authority (APRA) has expressed concern over the tendency for superannuation funds to bring investment management operations in house. Speaking at the Association of Superannuation Funds of Australia (ASFA) 2013 National ...

Costs of new SMSF regulation expected to be "minimal"

LAURA MILLAN  |  MONDAY, 11 NOV 2013
The Australian Securities and Investments Commission (ASIC) expects that the industry will implement the new self-managed super funds (SMSF) proposals "with minimal cost and disruption." During the consultation process for CP216 'Advice on self-managed ...

Funds explore hidden benefits of APRA reporting standards

JAMES FERNYHOUGH  |  MONDAY, 11 NOV 2013
Super funds will be "missing a trick" if they fail to make the most of data gathered to meet the new reporting standards of the Australian Prudential Regulation Authority (APRA), according to Rhys Octigan, regional head of business at DST Global Solutions. ...