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Showing 2021 - 2030 of 3163 results for "Owner"

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

Infra committee recommends ISA's inverted bid model

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
Industry Super Australia's inverted bid model for infrastructure project development has moved a step closer to becoming a reality, receiving the endorsement of the House of Representatives Standing Committee on Infrastructure and Communications. The ...

Big changes on way for pension funds

ALEX DUNNIN  |  WEDNESDAY, 3 DEC 2014
... providers has improved; it's now a two-way conversation, not a one-way presentation," said Pearce. This switch from asset owner to asset managers is seeing some very complex hybrid organisations emerge, noted the report. For example, the Canadian Pension ...

Register to include qualifications, association membership

LAURA MILLAN  |  MONDAY, 1 DEC 2014
The government's public financial adviser register will include adviser's qualifications and professional association memberships by March 2015, Treasury has confirmed. A statement by the department confirmed that the register will also include the ...

Treasury seeks consultation on adviser register

LAURA MILLAN  |  THURSDAY, 27 NOV 2014
... practices' ownership when the licensee owns over 50% of the business' share capital. It also intends to list only a single owner, rather than multiple controllers of a licensee. "To provide more transparency in the industry, the register will provide ...

ASIC begins legal action against LM Investment Management

MARK SMITH  |  THURSDAY, 20 NOV 2014
The Australian Securities and Investments Commission (ASIC) has begun legal action against LM Investment Management (LMIM) founder Peter Charles Drake and its former directors. The regulator is seeking financial penalties and banning orders following ...

Genesys advisers looking at all options following wind up

LAURA MILLAN, JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
Advice practices licensed under AMP-owned Genesys Wealth are currently considering all options after the licensee announced yesterday that it would wind up. At the moment, 92 advice firms employing 188 advisers are licensed under Genesys, according ...

AFA appoints Inspire chair

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
The Association of Financial Advisers (AFA) has appointed a new chair to its Inspire initiative, replacing Deborah Kent, who is now the association's president. Prominent Financial Services director Christine Swanson will lead AFA Inspire, with a mandate ...

Market wrap

AAP  |  MONDAY, 17 NOV 2014
... Oil producer Woodside Petroleum was 25 cents higher at $39.72 and Santos had lifted 16 cents to $12.14. Bonds underwear owner Pacific Brands was down a quarter of a cent at 48.75 cents after announcing it was in talks to sell off its Brand Collective ...