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Showing 131 - 140 of 181 results for "Indemnity"

Stronger Super makes trustee role unappealing: Mercer

ELISE BURGESS  |  THURSDAY, 9 FEB 2012
... submission warned that members may end up paying higher fees if super funds are hit with higher premiums for trustee indemnity insurance and associated costs, and said the requirements for testing that a fund has scale are too vague and are likely to ...

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
... the AFA believes the devil will be in the detail. A best interest's duty may also increase the cost of professional indemnity insurance," said chief executive officer Richard Klippin. The AFA also maintained that the start date of July 2012 was "unworkable". ...

AAT grants stay for AFSL cancellation decision

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... did not authorise any new authorised representatives, did not engage any new clients and maintained all professional indemnity insurance until the determination of the review. Romad must also notify its' professional indemnity insurer of any complaints ...

Timbercorp trio face the music

ALISON BEVEGE  |  MONDAY, 23 MAY 2011
... purchases. It is believed that ANZ Bank provided the funds that Timbercorp finance loaned to investors. The professional indemnity insurers and directors' and officers' insurance providers are as yet still unknown. If the applicants win their case, those ...

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
... expect to get bailed out when things go pear-shaped. He said members had legal recourse against AFSL licensees who hold indemnity insurance.

Financial planners crushed by rigid ATO

ALISON BEVEGE  |  MONDAY, 4 APR 2011
... penalty anywhere from $30 to $140,000," he said. "That scale of penalties is absurd." Busoli said the cost of private indemnity insurance would be significantly affected unless the Federal Government did something to change the rules. It was reported ...

FOFA briefing fails to shed light on adviser concerns

MICHELLE BALTAZAR  |  FRIDAY, 4 MAR 2011
... the FOFA reforms, as outlined, become law. For example, with the proposed annual opt-in scheme, Ross said professional indemnity cover already creates an obligation for an adviser to offer regular reviews and update data so why the need for a separate ...

SOA too much, too confusing

ALEX DUNNIN  |  WEDNESDAY, 27 OCT 2010
... when advising clients and so protect them from compliance related complaints that could otherwise trigger professional indemnity problems.

ASIC reaches $2.5m Westpoint settlement

COMPANY RELEASE  |  MONDAY, 28 JUN 2010
... follows action initiated by the regulator in August 2008 against Glenhurst and in June 2009 against its professional indemnity insurer, QBE Insurance. QBE Insurance must pay the approved settlement which will then be distributed to eligible investors ...

Investors get more from Westpoint settlement

ASIC RELEASE  |  WEDNESDAY, 19 MAY 2010
... financial services licences. In June 2009 ASIC initiated an action against QBE in the Victorian Supreme Court seeking indemnity under the terms of Glenhurst's professional indemnity insurance policy. This is the fifth settlement reached by ASIC following ...

Editor's Choice

JPMAM, iCapital launch new private market fund for wholesale investors

ANDREW MCKEAN
J.P. Morgan Asset Management (JPMAM) and iCapital have launched a new Australian domiciled fund designed to afford wholesale investors access to small to mid-market private equity opportunities.

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN
Betashares has commandeered the top spot for net flows among all investment managers in the managed funds industry.

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON
ASIC is appealing the Federal Court's recent decision to not issue a penalty to Block Earner after it was found to have provided unlicensed financial services.

Average super balances fall

ELIZA BAVIN
Australian Taxation Office data found the average super balance has fallen, as it also revealed the highest paid professions in the nation.

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