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Showing 181 - 190 of 288 results for "DAS"

Claims of wrongdoing have no basis: IOOF

DARREN SNYDER  |  TUESDAY, 7 JUL 2015
IOOF managing director Christopher Kelaher has told a Senate committee today that claims of widespread wrongdoing at the company have no basis of fact. "I'm confident that I can confirm to you and the broader community that the company has an extremely ...

IOOF execs asked to face Senate

LAURA MILLAN  |  FRIDAY, 26 JUN 2015
The Senate Economics Committee has invited IOOF executives to appear in a hearing set to be held in Sydney on July 7. The invite has been sent today to IOOF chief executive Chris Kelaher and to the business' head of research Peter Hilton, a spokesperson ...

InvestSense launches asset allocation guide

MARK SMITH  |  TUESDAY, 26 MAY 2015
A new investment guide aimed at giving advisers insight into expected levels of risk and return within different assets classes has been launched by portfolio construction and consulting firm, InvestSense. InvestSense, which was spun out from ailing ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
National Australia Bank (NAB)'s program to compensate victims of bad financial advice lacks independence and does not go far enough, a lawyer representing some of the victims said. Shine Lawyers financial negligence solicitor Sasha Ivantsoff spoke to ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
National Australia Bank (NAB) has upgraded the compensation program for victims of bad advice with the appointment of a consumer advocate. University of NSW professor of Law Dimity Kingsford Smith will act as a consumer advocate within NAB Wealth's ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
The advice industry is divided over how to fund an insurance scheme to compensate clients who receive bad advice. A rise in professional indemnity premiums is only compounding the problem. Senators Nick Xenophon and Sam Dastyari proposed a statutory ...

ASIC delays super portfolio disclosure again

STAFF WRITER  |  FRIDAY, 1 MAY 2015
The start date for portfolio holdings disclosure reporting and choice product dashboard requirements has been delayed until 1 July 2016, the Australian Securities and Investments Commission (ASIC) said. The requirements were due to start on 1 July 2015 ...

APRA releases super reporting standards

DARREN SNYDER  |  WEDNESDAY, 29 APR 2015
The Australian Prudential Regulation Authority (APRA) has released 31 reporting standards for the superannuation industry, five of which are still open for further consultation. The final reporting standards will commence on 30 June or 1 July and changes ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
Australia's top bankers will have to explain what went wrong in their advice divisions at a public Senate hearing in Canberra on Tuesday. Chaired by Labor Senator Sam Dastyari, the Senate Economics Committee will interrogate Macquarie Group chief executive ...

Another cut's in the mail?

BENJAMIN ONG  |  TUESDAY, 24 MAR 2015
Disappointment over the Reserve Bank of Australia's (RBA) decision not to cut interest rates at its 3 March Board meeting reversed the Australian equity market's sharp uptrend that started in the middle of January. The All Ords dropped from a high of ...