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

Search Results

Showing 1101 - 1110 of 1727 results for "Provisio"

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
Self- managed superannuation fund (SMSF) administration company SuperHelp Australia (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up an SMSF. ASIC's concerns related ...

PC calls for overhaul of public infrastructure

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
The Productivity Commission (PC) has recommended a "comprehensive overhaul" of Australia's public infrastructure following the release a draft report on the topic. The report, which runs for nearly 600 pages, covers issues such as funding new projects ...

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) ...

Tasplan and Quadrant mull merger

ALICE URIBE  |  TUESDAY, 11 MAR 2014
Tasmanian superannuation funds Quadrant fund Tasplan will investigate a merger and have entered into a Heads of Agreement. The two funds will consider whether there would be an improved provision of superannuation services to the members and employers ...

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 ...

Tax advisers in need of additional PI insurance

LAURA MILLAN  |  TUESDAY, 11 MAR 2014
The Tax Practitioners Board (TPB) said advisers who provide tax advice need to extend their professional indemnity (PI) insurance coverage to meet the organisation's minimum requirements. The TPB outlined the proposal in Exposure Draft Explanatory Paper ...

RBS posts soaring losses, pays $1m bonuses

AAP  |  FRIDAY, 28 FEB 2014
Royal Bank of Scotland's losses soared to almost STG9 billion ($A16.82 billion) last year, the state-rescued lender has announced, while its decision to pay millions in bonuses has triggered a political backlash. Net losses announced on Thursday widened ...

Future Fund names interim managing director

MARK SMITH  |  WEDNESDAY, 26 FEB 2014
The Future Fund has appointed chief financial officer Paul Mann as acting managing director. He will take over from Mark Burgess, who leaves the $97 billion public superannuation fund at the end of the month. Mann joined the Future Fund in 2007 from ...

EISS switches custodians

JAMES FERNYHOUGH  |  THURSDAY, 20 FEB 2014
Energy Industries Superannuation Scheme (EISS) has appointed Northern Trust as its custodian, replacing JP Morgan. The appointment comes after what EISS chief executive Alexander Hutchison called "search and due diligence across the major custodians ...

Consumers safe under FoFA changes: former judge

MARK SMITH  |  WEDNESDAY, 19 FEB 2014
The best interests of consumers are not under threat from the Government's proposed changes to the Future of Financial Advice Reforms (FoFA), according to SMSF Professionals' Association of Australia (SPAA) patron Sir Anthony Mason. In his opening address ...