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Showing 1871 - 1880 of 3919 results for "law"

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
... a single SMSF for the group, bringing the benefits of reduced costs and greater scale." Maroney said in some states, trust law will need to be amended to allow trustees to have up to six members. SMSFs can bypass this limitation by having a corporate ...

ROYAL COMMISSION: Our top stories

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... protections designed to ensure every Dover client gets the best possible advice and the maximum protection available under the law." ASIC grilled over negotiating with banks The Royal Commission questioned ASIC over its practice of heavily negotiating ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... protections designed to ensure every Dover client gets the best possible advice and the maximum protection available under the law." Costello labelled this clause a lie as subsequent provisions in the policy state that Dover cannot be held responsible ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
... that all of the Statements of Advice prepared by Dover's authorised representatives were, up until recently, reviewed by a law firm owned and operated by McMaster. The firm comprised McMaster and "some solicitors" and was paid a monthly retainer of $3000. ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... contraventions of the Corporations Act and the ASIC Act in relation to fees for no service. It was later revealed that AMP's law firm, Clayton Utz, removed outgoing chief executive Craig Meller's name from a draft of a critical report about the business. ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
A Westpac case study analysed by the Royal Commission has demonstrated the devastating impact of inappropriate financial advice. Providing testimony in the first case study of inappropriate advice to be explored by the Commission, former Westpac customer ...

MLC, Colonial First State make key appointments

JAMIE WILLIAMSON  |  WEDNESDAY, 18 APR 2018
The acting general manager of product at Colonial First State will join MLC to lead its wealth products and platforms division. CFS and MLC have confirmed that Sam Wall will join MLC in May as general manager, wealth products and platforms. Wall succeeds ...

Outgoing CEO name removed from critical AMP report draft

ALEX BURKE  |  TUESDAY, 17 APR 2018
The Royal Commission revealed today that AMP's law firm, Clayton Utz, removed outgoing chief executive Craig Meller's name from a draft of a critical report about the business. Senior Counsel Assisting Michael Hodge referred to the Clayon Utz report ...

Social media singles out ASIC in Royal Commission coverage

ALEX BURKE  |  MONDAY, 16 APR 2018
... interests #bankingrc #banksrc https://t.co/4ADzg5F3OK - Susan Quinn (@susan_c_quinn) April 16, 2018 Likewise, Consumer Action Law Centre senior policy officer Susan Quinn noted how many SMSFs have received poor advice. Pretty unbelievable conduct being ...

AMP's buyer of last resort measures scrutinised

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
AMP has admitted that its Buyer of Last Resort measures, up until June 2017, were designed to incentivise financial advisers to show preference for its in-house platforms. Giving evidence on the first day of the Royal Commission's inquiry into financial ...