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Showing 1331 - 1340 of 1729 results for "Provisio"

Director to challenge ASIC ban

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
Financial services regulator ASIC today said it banned a director for three years from providing financial services - but the director is appealing against the decision which she called "disgraceful". Tracey Burnell, of Doncaster East, Victoria, was ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
Clarification around FOFA has positioned Count to become an Investor Directed Portfolio Services (IDPS) operator and Responsible Superannuation Entity (RSE) in respect of its strategic platform offerings. The independent dealer group said the cut of ...

Super funds praise reforms

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
The superannuation funds industry responded to the Government's financial reforms today with praise for the expansion of scaled advice. The Future of Financial Advice reforms have expanded the limited form of financial advice to a range of providers ...

New super products and mergers may result - insurers

ELISE BURGESS  |  THURSDAY, 28 APR 2011
Life insurers predict dealer groups will create their own super products or be taken over by wealth managers while direct insurance will get a boost from new FOFA reforms. Life insurers and financial planners alike have responded with mixed reactions ...

Advisers fear super fund competition

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
Financial planners are worried that low-cost advice from superannuation funds will hurt their businesses in the future and say it is unfair competition as the fees are hidden. At a recent Financial Planners Association luncheon in Sydney, advisers made ...

Planners needle minister over FOFA

ALISON BEVEGE  |  THURSDAY, 14 APR 2011
Financial Services Minister Bill Shorten fielded prickly questions from financial planners after giving a speech on the Future of Financial Advice reforms at a luncheon gathering yesterday. Minister Shorten told the Financial Planning Association (FPA) ...

AFA prep advisers for FOFA

MICHELLE BALTAZAR  |  TUESDAY, 5 APR 2011
The Association of Financial Advisers (AFA) has prepared a handy member's guide to the Future of Financial Advice (FoFA) reforms, complete with details on AFA's stance on the proposed changes. The FOFA reforms will be tabled in parliament by spring ...

ASIC new guidance for AFSL

ELISE BURGESS  |  MONDAY, 4 APR 2011
Holders of an Australian Financial Services Licence (AFSL) now face updated guidance including guides on margin lending facilities, simple managed investment schemes and certain superannuation products. Australian Securities and Investments Commission ...

Speed bumps to annuities

ELISE BURGESS  |  FRIDAY, 25 MAR 2011
Existing government rules on certain retirement products are stifling growth and innovation in annuities - affecting how super funds can address longevity risk, according to a Towers Watson report. Under the current tax and the age pension means test ...

Investors in line for Fincorp payout

MATT WOODINGTON  |  THURSDAY, 24 MAR 2011
More than 5000 investors look set to be compensated for their losses from Fincorp Investments, after the Federal Court of Australia authorised the release of details of the compensation scheme. A proposed multi-million dollar settlement that will include ...