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Showing 2461 - 2470 of 3920 results for "law"

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
This year has been another busy one for the financial servives industry. FoFA remained on the radar and the Financial System Inquiry has the potential to change things in a big way. The Financial Standard team takes a look at the issues that made waves ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
... differences. The bi-partisan bill was passed by the Senate on 3 June 2014 and just needs lower house approval in order to become law. MetLife said the new legislation is necessary because the Federal Reserve Board has said that under the FSOC they are ...

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
... simpler and more cost effective," said the report. Specifically the Inquiry asked the government to consider amending the law to reduce disclosure requirements for large listed corporate issuers of simple bonds. Under the recommendations, the disclosure ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... (APRA) on the appropriateness of impact investment for superannuation trustees. Murray also wants the government to amend the law to facilitate private ancillary funds established and controlled by 'sophisticated' or 'professional' investors accessing ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such changes to the law "would reduce incentives for churning and improve the quality of advice on life insurance." It added that "this would provide ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... social service delivery. Provide guidance to superannuation trustees on the appropriateness of impact investment. Support law reform to classify a private ancillary fund as a 'sophisticated' or 'professional' investor, where the founder of the fund meets ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Federal Court's ruling on a case involving two self-managed super fund (SMSF) trustees who used their fund for personal matters has highlighted the uncertainty around penalties. The fund, totaling more than $260k, was used to purchase residential ...

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
The financial services industry has welcomed the parliamentary agreement between the Coalition and Labor to fix the unintended consequences of scrapping grandfathering from the Future of Financial Advice (FoFA) legislation. The Financial Planning Association ...

FPA shines light on "catch-all" dilemma

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
The "catch-all" phrase within the Future of Financial Advice (FoFA) best interests' duty provision is back, with advisers wondering what it means for their businesses. The Financial Planning Association (FPA) general manager of policy and conduct Dante ...

Anne Street Partners beefs up risk and compliance

MARK SMITH  |  MONDAY, 24 NOV 2014
... has over 20 years' experience as a lawyer specialising in risk and compliance in wealth management. She has held roles with law firms including Henry Davis York and Allen, Allen and Hemsley Solicitors. She was also head of private wealth legal and head ...