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Showing 1761 - 1770 of 3918 results for "law"

How much your advice business will be worth in 2023

KANIKA SOOD  |  TUESDAY, 11 SEP 2018
What multiple will financial advice businesses sell at five years from now, and could implementing managed accounts boost their acquisition value? That's a question that Managed Accounts Holdings head of distribution and marketing Tony Nejasmic sparked ...

Chief economist update: Japan's sun shines

BENJAMIN ONG  |  TUESDAY, 11 SEP 2018
Japan's economy grew 0.7% in the June quarter after contracting 0.2% in the March quarter. This is stronger than the Cabinet Office's preliminary estimate of 0.5% and is the fastest growth rate since the first quarter of last year (0.7%). This ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice ...

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...

MLC, NULIS in court over $100m in illegitimate fees

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... making said misrepresentations NULIS and MLC Nominees failed to act in the best interests of members; a breach of general law duties and the Superannuation Industry (Supervision) Act 1993. In response, NAB chief legal and commercial counsel Sharon Cook ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
... that there is no clear judicial definition as to what a "prudent superannuation trustee" actually is. But this may come into law in the future, he warned. By way of deduction, Faure commented on what a prudent superannuation trustee is not. It's ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... someone who "demonstrated a failure to understand the covenants under the SIS Act and obligations of a trustee under trust law." IOOF's complicated structure has been under APRA's radar since 2016. Kelaher said IOOF's board recently discussed the possibility ...

Former Mercer director joins MGP

JAMIE WILLIAMSON  |  MONDAY, 3 SEP 2018
Managed Account Holdings has added a superannuation law expert to its board as it gears up to acquire an existing Registrable Superannuation Entity. Most recently the director of Mercer's boutique legal practice Mercer Legal, Pamela McAlister has ...

ASIC hires former super executives

KARREN VERGARA  |  MONDAY, 3 SEP 2018
... the former chief executive of the Financial Markets Authority in New Zealand, and held leadership positions at NAB, ANZ and law firm Herbert Geer & Rundle (now Thompson Geer). Hughes previously worked at ASIC between 2008 and 2010 as a senior executive. ...