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Showing 1411 - 1420 of 6076 results for "Commission"

FPA calls for axe to fall on stamping fees

HARRISON WORLEY  |  WEDNESDAY, 29 JAN 2020
... than 15 years, its experience ensures it is "better placed than most" to comment on the debate. Pointing to the Royal Commission's final report into misconduct in the financial services industry, Bristow recalled Commissioner Hayne's opinion that adding ...

Advisers still unclear on referral rules

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
... arrangement with a mortgage broker. The question states: "In return the mortgage broker gives me a $500 payment from the commission he receives for the loan/mortgage. Given this is not a financial product that is affected by the Code can I still receive ...

VanEck launches first active ETF

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
VanEck is set to list an active ETF that will invest in emerging markets bonds, with a target of 5% annual yield after fees. The VanEck Emerging Income Opportunities Active ETF (Managed Fund) (ASX: EBND) is expected to list on the ASX in February. The ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
Treasury has announced a four-week consultation into "stamping fees" paid by fund managers to advisers and brokers for exchange-listed funds, as public scrutiny into the practice mounts. The Future of financial Advice (FoFA) reforms in 2013 put an end ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion). The SEC has charged Jeffery and Paulette Carpoff with violating antifraud provisions ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
A financial adviser from the NSW town of Valentine has been permanently banned for making false statements to clients and misappropriating funds. Nicholas Ellis was sentenced to three years in prison in October last year but has only now been permanently ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... named AMP and IOOF as the major groups committed to providing financial advice amid the fallout from the Banking Royal Commission. Maroney supported increased competition in the sector, applauding the effort of industry fund Hostplus to offer SMSF options ...

The growing risk to financial advisers

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... educational requirements and compliance pressures, in addition to major trust issues on the back of the Hayne Royal Commission. "The industry is in a state of flux and for those of us who remain, the transition is not an easy one," Hutton said. "The ...

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
More than a year after it was recommended by Commissioner Kenneth Hayne, the government has taken steps to extend the Banking Executive Accountability regime to include super funds and other APRA-regulated entities. Set to be known as the Financial ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... insurance levels, effectively forcing these individuals to maintain multiple super account." The FSC cited Productivity Commission modelling suggesting an individual with two accounts for their whole working life will be 6% worse off than those with ...