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Showing 2271 - 2280 of 3919 results for "law"

NAB supports ex-adviser ban

ALEX BURKE  |  FRIDAY, 4 MAR 2016
NAB has come out in support of ASIC's decision to ban one of its former advisers for five years. ASIC said that Gerard McCormack engaged in "misleading and deceptive conduct between June and July 2013, when he was a NAB adviser." Specifically, McCormack ...

Perpetual Private partners law firm to help accountants with AFSLs

MARK SMITH  |  THURSDAY, 3 MAR 2016
Perpetual Private has announced a new partnership with Cowell Clarke Commercial Lawyers to help support accounting practices looking to obtain their own limited Australian Financial Services Licence (AFSL) as part of new rules coming in on July 1. The ...

Parliament passes FoFA amendments

ALEX BURKE  |  THURSDAY, 3 MAR 2016
Several key amendments to the Future of Financial Advice reforms have been passed by parliament. The Corporations Amendment (Financial Advice Measures) Bill will extend the time allowed for advisers to provide opt-in renewal notices and fee disclosure ...

UniSuper announces tax referrals as intra-fund advice grows

ALEX BURKE  |  WEDNESDAY, 2 MAR 2016
UniSuper has announced a referral partnership with tax specialist PKF Melbourne as visits to the fund's advice network have grown by 20% over the past 12 months. This partnership follows similar arrangements with estate planning specialists Mills Oakley ...

Tail risk hedging works for industry fund

DARREN SNYDER  |  MONDAY, 29 FEB 2016
... Index (VBI) position regularly and increases this monitoring during periods of significant market volatility as required by law. It said stringent rules introduced by the Australian Prudential Regulation Authority (APRA) in 2013 made DB funds more sensitive ...

FSC reveals six-point super plan

ALEX BURKE  |  MONDAY, 29 FEB 2016
... cast-iron confidence in the system. Take it out of the budget cycle, stop the tinkering"; "Define its purpose and make it law"; and "Increase the superannuation guarantee rate to 12% by 2022". These are followed by: "Encourage people to save voluntarily ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
ASIC has accepted an enforceable undertaking (EU) from ACE Insurance following an investigation into one of its divisions, Combined Insurance. Under the EU, ACE Insurance is required to appoint an independent expert to review Combined's compliance systems ...

YBR chair appoints two chief executives in business revamp

ALEX BURKE  |  THURSDAY, 25 FEB 2016
Yellow Brick Road has appointed two new chief executives ahead of a business and management restructure. Vow Financial chief executive Tim Brown has been appointed chief executive, lending; Yellow Brick Road chief executive Matt Lawler has been appointed ...

PPS launches life insurance mutual offering

ALEX BURKE  |  THURSDAY, 18 FEB 2016
... offering. Under this model, select retail investors within particular professional fields (including medicine, accounting, law and engineering) can "share in the profits of the insurance that they buy" through financial advisers, according to PPS Mutual ...

ASIC bans former Guardian Advice planner

ALEX BURKE  |  WEDNESDAY, 17 FEB 2016
ASIC has permanently banned a former Guardian Advice representative. Andrew Moroney worked under the Guardian Advice licence from 2006 to 2014, during which time ASIC alleged he engaged in deliberate "policy churn" - annually recommending clients replace ...