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

Search Results

Showing 1881 - 1890 of 3212 results for "Scheme"

FOS demands licensee-funded consumer protection scheme

LAURA MILLAN  |  MONDAY, 8 SEP 2014
All relevant entities licensed to distribute financial products should fund a default consumer protection scheme to ensure consumers are paid when awarded compensation, the Financial Ombudsman Service (FOS) asked in its submission to the Financial System ...

Sixteen Aussie funds make top 300 pension funds list

JAMES FERNYHOUGH  |  THURSDAY, 4 SEP 2014
Sixteen Australian super funds, including first-timer HOSTPLUS, have made it into Towers Watson's list of the 300 largest global pension funds, which was released today. However, the weakening Australian dollar saw most of the Australian funds fall ...

Crisis deepens for van Eyk Blueprint funds

MARK SMITH  |  THURSDAY, 4 SEP 2014
The van Eyk Blueprint Alternatives Fund and van Eyk Blueprint Alternatives Plus Fund are the only surviving products remaining in the Blueprint series following the decision by Macquarie to terminate a further nine portfolios that it acts as responsible ...

IFM warns against foreign ownership of infrastructure

JAMES FERNYHOUGH  |  THURSDAY, 28 AUG 2014
... illiquid assets, IFM recommended a number of measures: a less stringent stress-testing regime; a government-backed liquidity scheme; premiums for members who agree not to switch funds; and incentives for members who do not switch funds. On this latter ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
The House of Representatives has voted in favour of the government's amendments to the Future of Financial Advice (FoFA) legislation. The members of Parliament voted following a long debate where the Coalition outlined its position in favour of the ...

IOOF completes SFGA buyout

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
... the acquisition of 100% of the shares in SFG Australia, following the buyout proposal made public in May. As part of the scheme of arrangement, SFGA shareholders could elect to receive IOOF shares only or a cash alternative, which could be entirely cash ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... the compensation program will affect investors. "CBA has not yet made public what the provision is for the compensation scheme," he said. The Open Advice Review program is open to all CBA financial advice clients from 2003 to 2012. The compensation process ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... course of action. "We are looking at the potential for a class action, individual action or entering into the compensation scheme," Berrill said, and added that the latter is not ideal, but is "better than nothing." He expressed concern that the compensation ...

Brumbie: Super idea, super silly reaction

ALEX DUNNIN  |  MONDAY, 18 AUG 2014
... balance to put towards a home deposit. The plan is a bit short on detail but since his media release described a Canadian scheme whereby fund members can borrow up to $25,000 from their superannuation account for a home deposit, which they have to repay ...

Market wrap

AAP  |  THURSDAY, 14 AUG 2014
... gained 7.5 cents to $5.515 on the back of a 14 per cent lift in net profit as well as the announcement of a share buy-back scheme. Fairfax rose 5.25 cents, or 5.93 per cent, to 93.75 cents after it reported a $224.4 million profit, turning around its ...