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| | | ASIC has obtained continued interim court orders against a Gold Coast unlicensed financial services firm in the wake of a scam that has so far seen investors lose around $250,000. The injunctions restrain Golden Sparrow Pty Ltd, GS Contracting Pty Ltd ... |
| | | | The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences". The contentious proposal, which was tabled in ... |
| | | | News of the NSW Government's plans to privatise the state's power generators follows on predictions that cash-strapped governments around the world may soon begin selling off infrastructure assets to the private sector. NSW Premier Barry O'Farrell announced ... |
| | | | Ethical investment manager, Hunter Hall, has named its senior portfolio manager James McDonald as its new deputy chief investment officer to replace newly-departed officer, Jack Lowenstein. A senior portfolio manager at Hunter Hall since 2003, McDonald ... |
| | | | The potential impact of social media on business and the myth of 'having it all' was up for discussion at yesterday's Women in Super event with guest presenter, social media mogul and media personality, Mia Freedman. Speaking of the power of social ... |
| | | | The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ... |
| | | | Westpac has announced a major group structural shake-up, which sees the creation of two new divisions, senior appointments and the resignation of group executive Rob Coombe. The new Australian Financial Services (AFS) division combines Westpac Retail ... |
| | | | rmg financial services has completed its third acquisition this year after joining with fellow Perth-based practice, Piersbridge Consultants, taking its adviser numbers to 15. rmg, which now has around $660 million in funds under advice, said the acquisition ... |
| | | | Leading superannuation bodies have welcomed the passage of the mining tax package through the lower House, which paves the way for the Superannuation Guarantee hike from 9 to 12 %. The 30 % tax on coal and iron ore profits, which successfully made it ... |
| | | | The Volcker rule intended to be help protect banks from future failure is being torn between critics who think it will gut the US corporate bond market and Congressmen who think it still contains too many loopholes. Meanwhile, former US Treasury Secretary ... |
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