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Showing 1381 - 1390 of 1799 results for "Regulation 2014"

Merger creates $16bn mortgage aggregator

COMPANY RELEASE  |  WEDNESDAY, 3 FEB 2010
The $16-billion plus mortgage aggregator Vow Financial, part-owned by Macquarie Group, could pose a new threat to financial planning firms after the group's head said they also plan to start offering non-mortgage financial products. The merger includes ...

ASIC enforces AFSLs for margin lenders

ASIC RELEASE  |  TUESDAY, 2 FEB 2010
Issuers and advisers of margin lending facilities will have five months to apply for a mandatory Australian Financial Services license - or face closing shop. Existing margin lenders and advisers on margin loans must apply to ASIC for an AFSL authorisation ...

Market Wrap - Midday

AAP  |  FRIDAY, 22 JAN 2010
The Australian share market was down almost two per cent at noon as concerns about the US and European economies and increased regulation combined with worries about a slowdown in China. At 1200 AEDT on Friday, the benchmark S&P/ASX200 index was down ...

Planners forced to rewrite succession plans

RUTH LIEW  |  FRIDAY, 22 JAN 2010
Ongoing regulatory reviews are casting a shadow on the succession plans of financial advisers due to retire in the next few years, placing a big question mark on how they can value their business. Craig Meldrum, national manager in technical services ...

Market Wrap - Morning

AAP  |  FRIDAY, 22 JAN 2010
Australian stocks are likely to slump on Friday after equity markets in Europe and the US fell on concerns that the global economic recovery won't be as smooth as investors had been hoping. At 0820 AEDT on the Sydney Futures Exchange, the March share ...

Bookmakers Super boosts liquidity

MICHAEL HOBBS  |  THURSDAY, 14 JAN 2010
Bookmakers Super Fund has improved the liquidity of its balanced investment strategies, increasing the cash levels of its Balanced Pension by more than $10 million to $12 million. The fund's December update said "pleasing progress" had been made to ...

Snowball forays into funds management

MICHELLE BALTAZAR  |  WEDNESDAY, 13 JAN 2010
Listed financial planning group Snowball buys a portfolio construction and funds management business, Officium Capital, as part of its umbrella strategy to prepare the business ahead of new regulation in the planning industry. Snowball Group has bought ...

Super up again to $1.2 tr

ALEX DUNNIN  |  FRIDAY, 11 DEC 2009
Superannuation assets have climbed for the second consecutive quarter to reach $1.2 trillion, fuelled by the record returns recovery and stable contribution flows. According to the Australian Prudential Regulation Authority (APRA), superannuation assets ...

Van Eyk ventures into NZ

COMPANY RELEASE  |  TUESDAY, 8 DEC 2009
Van Eyk Research has taken its first major step into the New Zealand market with the signing of AMP Financial Services New Zealand as an anchor client. Van Eyk chief executive Mark Thomas said the firm has watched closely the emergence of the Kiwi Saver ...

Dummy spit

BENJAMIN ONG  |  FRIDAY, 4 DEC 2009
You are the definition of moral hazard! These words - delivered by Kentucky Republican Senator Jim Bunning at Ben Bernanke's Senate hearing on his nomination for a second term as Chairman of the US Federal Reserve - perhaps reflects the embodiment of ...