Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1441 - 1450 of 2995 results for "Problem"

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
The government's deal with the Palmer United Party (PUP) to retain the Future of Financial Advice (FoFA) legislation will save the financial services industry millions of dollars according the Financial Planning Association (FPA). Commenting on the ...

FSI zeroes in on vertical advice and retirement income

LAURA MILLAN, JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
... underdeveloped and does not meet the risk management needs of many retirees." It made three policy suggestions for solving this problem: introducing regulatory incentives, such as taxation measure, to encourage retirees to take income streams rather ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... operates. Again, these are only options. This is an area where there appears to be strong agreement on the existence of a problem. However, there are different views on how to proceed - particularly whether disclosure can be made to work or whether we ...

Demographic shift injects growth into healthcare property investment

MARK SMITH  |  FRIDAY, 11 JUL 2014
... Unity's Healthcare Property Trust has received inflows of approximately $140 million over the last financial year. One problem faced by fund managers focused on this area is that private and public hospitals as well as medical facilities tend to be thinly ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
Retired High Court Justice Ian Calllinan will head Commonwealth Bank's (CBA) independent review panel for the Open Advice Review program that will assist victims of bad financial advice between 2003 and 2012. Callinan will advise CBA chief executive ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
... for almost a year now." Governor Glenn noted that "for rates to have been stable for this long isn't unprecedented," his problem is "markets and media commentators find the idea of masterly inaction neither appealing nor interesting" - i.e., they put ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank's initiative to set up a program to review financial advice given to its clients from 2003 to 2012 has been slammed by several stakeholders for being too slow, too little and too late. Speaking at a Melbourne Institute event yesterday ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... the report. Morris told the ABC that the involvement of other financial services companies is indicative of a "systemic problem" within the financial planning sector. Morris said that while he believed the regulator had the powers to halt the bad planning ...

MySuper flips members out of millions: CSSA

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
... MySuper fund, his current insurances would have been cancelled." He went on: "We believe many members are not aware of the problem and consequently are losing millions of dollars in insurance cover, cover which they may never be able to obtain again." ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...