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Showing 1971 - 1980 of 2422 results for "Rule"

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
Advisers could face tougher hurdles to get professional indemnity cover as insurers expect a $300 million claims bill in the next three years resulting from collapses such as Storm Financial, said an industry expert. Christina Kalantzis, principal of ...

ASIC lifts restrictions on intra-fund advice

MICHELLE BALTAZAR  |  FRIDAY, 10 JUL 2009
Australians can access superannuation-related financial advice more easily under regulatory changes announced yesterday, but the industry is split between those that believe ASIC's move benefits the public while others predict it's a "disaster in the ...

Investors shift more money outside super

RUTH LIEW  |  WEDNESDAY, 8 JUL 2009
... changes may have market impacts more marginal than initially expected. Colley said critics should remember that despite the rule changes, super due to its tax structure and concessions, remains one of the best ways to save for people's retirement. "There ...

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has accepted enforceable undertakings from Barclays Bank PLC and Mega International Commercial Bank Co for breaching anti-money laundering and counter terrorism laws. An AUSTRAC statement ...

BlueMountain to post record returns

MICHELLE BALTAZAR  |  WEDNESDAY, 24 JUN 2009
US-based hedge fund BlueMountain Capital Management hopes its forecast 20 per cent plus returns, lower fees and new liquidity rules will appeal to local super funds allocating new money into alternative strategies. Hedge funds are a hard sell these ...

NAB and Aviva rule platform land

RUTH LIEW  |  MONDAY, 22 JUN 2009
NAB's acquisition of Aviva Australia's Navigator business will create the largest platform provider with $69 billion in funds under management and more than 2,900 advisers using its services. NAB, which announced it had agreed to purchase Aviva Australia's ...

Corp bonds dominate UK sales

COMPANY RELEASE  |  MONDAY, 22 JUN 2009
Corporate bond funds remain the most popular products among UK investors, with the asset class making up a quarter of the sales on the Cofunds platform in May. The latest figures from the UK-based investment platform found the top three selling funds ...

ING battles longevity risk

MICHELLE BALTAZAR  |  WEDNESDAY, 10 JUN 2009
After more than a year at the helm, ING Australia's chief executive Harry Stout said the group is gearing up to launch a new suite of income and investment products tailored around longevity risks. At a time when most investment houses are hunkering ...

Super at the edge of abyss: ASFA

RUTH LIEW  |  THURSDAY, 4 JUN 2009
It's time to buck up as Australian's superannuation industry hovers at the edge of an abyss following the Federal Budget's cuts to super and a preliminary report of the Henry Tax Review, warned a key industry association. Pauline Vamos, chief executive ...

Mortgage funds redux

MICHELLE BALTAZAR  |  FRIDAY, 29 MAY 2009
Are mortgage funds still relevant to the financial planning community after last year's "perfect storm" that threatened to wipe out the entire mortgage funds industry? The answer is yes, but some rules have to change. Roy Prasad, head of mortgages at ...