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Showing 2261 - 2270 of 3078 results for "Corporation"

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
The financial planning industry's worst nightmare is about to come true with the Ripoll Report recommending advisers become fiduciaries, payments from product providers to planners should cease and that ASIC significantly step up its shadow shopping ...

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
From selling sophisticated products to retail investors to ineffective disclosure, the Ripoll Inquiry has investigated the factors that fuelled the failure of Opes Prime - and outlined what needs to be done to prevent future disasters. One of the biggest ...

Perceived conflicts lethal to planners

MICHELLE BALTAZAR  |  THURSDAY, 19 NOV 2009
Commission-based financial advice may not necessarily lead to real conflicts of interest but even 'perceived' conflicts threaten to undermine the industry's future, said Chris Bowen, the minister for financial services and superannuation. Addressing ...

Coalition against commissions

RUTH LIEW  |  WEDNESDAY, 18 NOV 2009
A coalition of industry bodies, including CHOICE, Industry Super Network and the Australian Council of Trade Unions, has launched a national advertising campaign targeting regulatory reform that abolishes commission-based remuneration for planners. ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Local credit rating agencies must hold an Australian Financial Services (AFS) licence, properly manage conflicts of interest that arise and ensure employees are adequately trained from January next year following regulatory changes. The Australian Securities ...

Market Wrap - Midday

AAP  |  THURSDAY, 12 NOV 2009
... cents, or 1.32 per cent to $30.67. Commonwealth Bank put on 51 cents, or 0.93 per cent to $55.51, Westpac Banking Corporation gained four cents to $26.32 and ANZ Banking Group firmed three cents, or 0.13 per cent to $22.98. Mr Heffernan said benign employment ...

T. Rowe Price expands India footprint

MICHELLE BALTAZAR  |  WEDNESDAY, 11 NOV 2009
... institutions in the country namely The State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India. "This provides T. Rowe Price with an opportunity to participate directly in the tremendous growth potential of India's ...

VFMC appoints CEO

COMPANY RELEASE  |  FRIDAY, 6 NOV 2009
... Sachs JBWere executive Justin Arter has been appointed chief executive of the $34 billion Victorian Funds Management Corporation. Arter replaces Syd Bone, who was at the helm of VFMC since 2004. Arter's appointment begins 9 November. Arter has over 20 ...

AMP Capital hires Barnes as senior portfolio manager

MICHAEL HOBBS  |  THURSDAY, 5 NOV 2009
... Fleming Australia and as an Australian equity portfolio manager at the NSW State Superannuation Investment Management Corporation. Most recently, he worked as an executive director at the London-based private equity investment firm, Imprimatur Capital. ...