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Showing 1391 - 1400 of 1948 results for "Proposal"

Oakeshott won't back FOFA

ALEX DUNNIN  |  THURSDAY, 26 MAY 2011
... Senator Mathias Cormann has already jumped on Oakeshott's comments. "The Coalition has said from the outset that Labor's proposal to force people to keep re-signing contracts with their financial advisers was bad policy which would add unnecessary red ...

Market Wrap - Morning

AAP  |  THURSDAY, 19 MAY 2011
The Australian market is expected to open higher on Thursday, as a recovery in commodity prices sparked a more positive performance in share prices on Wall Street. On the ASX 24 at 0713 AEST, the June share price index futures contract was 24 points ...

Market Wrap

AAP  |  MONDAY, 16 MAY 2011
The Australian stock market has opened more than one per cent lower following a weak result in the US on Friday night and as Westpac shares went ex-dividend. US stocks ended the week mired in red on Friday as investors shrugged off US inflation and ...

ASIC draft moves FEX closer to reality

ELISE BURGESS  |  FRIDAY, 13 MAY 2011
Australian Securities and Investments Commission has released a new draft paper, further cementing the Financial and Energy Exchange (FEX) bid for a licence and the possibility of another ASX competitor. The FEX is an unlisted Australian public company ...

ASIC moves to protect OTC retail investors

MATT WOODINGTON  |  TUESDAY, 10 MAY 2011
The Australian Securities & Investments Commission (ASIC) is stepping up its scrutiny on issuers of over the counter (OTC) derivatives, in order to safeguard the investments of a rising retail client base. ASIC has released a consultation paper seeking ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... Australians who have adequate insurance cover," he said. Craig Meller, financial services managing director for AMP said the proposal to ban commissions on super fund life insurance went too far. "Without the encouragement and support of a financial ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Minister for Financial Services Bill Shorten has eased reforms on financial planners by extending the opt-in period but the Opposition has attacked, saying it would still cost an average firm $50,000. Adviser groups have lobbied hard against the opt-in ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
... much-debated opt-in scheme will also be in place following a transition period although the government relaxed its initial proposal of a one-year opt-in to a two-year opt-in. "The reason we picked two years as opposed to one year, three year or five ...

Gillard urges China investment relationship

ELISE BURGESS  |  WEDNESDAY, 27 APR 2011
Prime Minister Julia Gillard has encouraged a strong investment relationship with China after speaking at a China-Australia business forum, with talk of tight economic integration between the two nations. As part of her address, Gillard said that China ...

BNY Mellon upgrades asset servicing

MICHELLE BALTAZAR  |  TUESDAY, 19 APR 2011
BNY Mellon Asset Servicing has made a raft of upgrades to its platform since the start of the year, including more time-saving tools for broker dealers and institutional investors. This month BNY launched a system that allows broker dealers to consolidate ...