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Showing 1391 - 1400 of 2995 results for "Problem"

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
Insurers and financial advisers must stop pointing fingers and create a unified response to address insurance sector failures, the Australian Securities and Investments Commissions (ASIC) deputy chair Peter Kell said "This needs a collective response ...

ASIC to crack down on big four, AMP and Macquarie

LAURA MILLAN  |  TUESDAY, 21 OCT 2014
Australia's six largest financial advice firms will be subject to surveillance from the Australian Securities and Investments Commission (ASIC) next year to make sure they comply with high-risk areas of the law. The initiative is part of the regulator's ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... may reduce the amount available for investors. Gaps in, and caps on, PI insurance cover will also inevitably remain a problem, given the limits on our capacity to compel commercial providers of the product to adapt it to a purpose different from and ...

Un-taper re-reflate

BENJAMIN ONG  |  TUESDAY, 14 OCT 2014
Like a dog with a bone, financial markets have latched onto growth - or more precisely, the lack of it - and wouldn't let go. Wall Street remains in no mood for celebration even as America commemorated the day Christopher Columbus discovered their land ...

Nikko AM ups weighting to global shares

MARK SMITH  |  THURSDAY, 9 OCT 2014
Nikko Asset Management has increased its overweight in global equities in light of a positive macroeconomic environment and accommodative US monetary policy. The global investment committee of the Tokyo-based asset manager decided to raise its overweight ...

Super Mario dropkicks markets

BENJAMIN ONG  |  FRIDAY, 3 OCT 2014
... also include sub-standard issuance, which the ECB has ruled out buying," he said. "We believe the ECB is aware of this problem, which is why it has not set a purchase target." Super Mario was asked the 'how much' question in his Q&A. Here's his response ...

PROFILE: AMP SMSF managing director Natasha Fenech

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
Natasha Fenech has a talent for coming up with strategies to solve problems and a passion for all things precise. She has combined the two during more than 24 years in financial services and, most recently, as AMP self-managed super fund (SMSF) business' ...

Market Wrap AM

AAP  |  FRIDAY, 26 SEP 2014
The Australian market looks set to open markedly lower after Wall Street fell more than one-and-a-half per cent. At 0805 AEST on Friday, the December share price index futures contract was down 53 points at 5,318. Locally, in economic news on Friday ...

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
Treasurer Joe Hockey has lambasted the Labor party for "complaining about its own laws" and making "such a mess of the entire crisis of financial advice." Hockey accused Shadow Treasurer Chris Bowen of being "too busy in engaging with unfair dismissal ...

Govt to amend fund merger tax laws

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2014
... triggered implicit rollovers. Government, regulators and the super fund industry have been working together to address the problem because such transfers are outside the control of individual members. This was seen not only as unfair but acted as a disincentive ...