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Showing 1301 - 1310 of 2383 results for "Rule"

Merrill Lynch Equities Australia handed $96,000 fine

MARK SMITH  |  FRIDAY, 12 SEP 2014
Merrill Lynch Equities Australia has been forced to pay a $96,000 fine to comply with an infringement notice given to it by the Markets Disciplinary Panel. The Australian Securities and Investments Commission (ASIC) said the company received the penalty ...

Netwealth brings portfolio management tool in-house

LAURA MILLAN  |  WEDNESDAY, 10 SEP 2014
Netwealth has fully integrated the SMART portfolio management tool into its platform to improve user experience and client access to information. SMART was previously outsourced, and is a real time modelling and rebalancing system which provides advisers ...

Market Wrap AM

AAP  |  WEDNESDAY, 10 SEP 2014
The Australian sharemarket is tipped to open lower following falls on Wall Street overnight. The September share price index futures contract is down 18 point at 5,585. Wall Street stocks have fallen, pulled down by major banks after the Federal Reserve ...

HESTA CEO to depart fund

ALICE URIBE  |  FRIDAY, 5 SEP 2014
Long-serving HESTA chief executive Anne-Marie Corboy has announced plans to leave the fund. In announcement made this afternoon, Corboy has said that she will leave HESTA at the end of February 2015 after 16 years at the helm. No replacement has been ...

GSA an affordable alternative to DLAs: APRA

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... about adopting a default super tender process modelled on the Chilean system. It suggested changing the three-day portability rule to five or seven days, but downplayed feared that stricter portability rules would discourage super funds from investing ...

SPAA defends SMSF tax rules

JAMES FERNYHOUGH  |  TUESDAY, 26 AUG 2014
The self-managed superannuation fund (SMSF) industry has downplayed concerns that it does not pay enough tax, arguing the same tax rules apply across the board. Responding to a front-page article in the Australian Financial Review today, SMSF Professionals' ...

BT unveils tougher adviser standards

LAURA MILLAN  |  TUESDAY, 26 AUG 2014
Westpac-owned BT Financial Group is the latest group to confirm new minimum education requirements for its financial advisers, responding to mounting pressure from consumers, associations and a Senate Economics Committee report. Similar to the new rules ...

Licensees must be more open to social media: AFA

ALICE URIBE  |  TUESDAY, 19 AUG 2014
... after the Securities and Investments Commission (SEC) Division of Investment Management issued "Guidance on the testimonial rule and social media" in March 2014. In the guidance it said that advisers would now be able to publish comments about their ...

Portfolio disclosure a 'data dump' on consumers

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The proposed portfolio holdings disclosure rules amount to a "data dump" that is useless to consumers, according to Michael Gordon, group executive at Perpetual Investments. Arguing in the affirmative for the ACSA debate, 'Disclosure requirements... ...

Lump sum rules 'utterly unsustainable': Sherry

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
Former minister for superannuation Nick Sherry has branded as "utterly unsustainable" the rule allowing Australian retirees to withdraw their superannuation as a lump sum. Speaking in the opening session of the Financial Services Council conference ...