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Showing 2481 - 2490 of 4761 results for "July 2011"

ASIC issues first "best interests" duty penalty

ALEX BURKE  |  THURSDAY, 9 JUN 2016
ASIC has taken its first action against a licensee for breaching the FoFA "best interests" duty showing that the reforms have come of age. NSG Services, formerly National Sterling Group, is licensed to provide personal advice on risk insurance and superannuation ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 9 JUN 2016
Australia housing finance The latest dwelling finance commitment report gave almost immediate evidence to the RBA governor Glenn Stevens' 7 June statement that, "Indications are that the effects of supervisory measures have strengthened lending standards ...

FirstWrap launches cash management solution

KERRIE SYDEE  |  WEDNESDAY, 8 JUN 2016
Colonial First State is set to launch a new cash management solution on FirstWrap Plus Investment accounts on July 1, in a bid to make cashflow management easier for investors, SMSF trustees and advisers. Powered by CBA's Accelerator Cash Account, the ...

Hyperion taps utilities provider for talent

MARK SMITH  |  WEDNESDAY, 8 JUN 2016
Australian equities manager Hyperion Asset Management has appointed an equity dealer to its team. Justin Breen joins the firm from listed utilities company ERM Power where he was a derivatives trader on a $4 billion energy portfolio. His appointment ...

Australia on top

BENJAMIN ONG  |  MONDAY, 6 JUN 2016
Woe is us. Australians all, let's not rejoice! The Australian equity market's reaction to the better-than-expected - heaps better - 1.1% quarterly expansion in March quarter real GDP is beginning to plant the seed of doubt in my psyche. Doubt that perhaps ...

CFSGAM makes two senior appointments

KERRIE SYDEE  |  FRIDAY, 3 JUN 2016
Colonial First State Global Asset Management (CFSGAM) has confirmed the appointment of a head of research, Australian equities core and a global head of investment specialists. Tim King has been appointed to the newly created role, reporting to head ...

Rabobank has new local chief executive

MARK SMITH  |  WEDNESDAY, 1 JUN 2016
Rabobank has appointed a new chief executive and managing director for its Australian and New Zealand business. Peter Knoblanche joins as chief executive of Rabobank Australia and managing director of the Rabobank Australia & New Zealand Group. He succeeds ...

Lack of resources impacting ASIC

KERRIE SYDEE  |  WEDNESDAY, 1 JUN 2016
... higher if "applicants did not voluntarily withdraw their applications before the need for a formal determination". From 1 July - 31 December 2015 ASIC suspended 11 AFS licences due to the licensee's circumstances or as initiated by ASIC, and cancelled ...

Award-winning adviser joins APESB

KERRIE SYDEE  |  TUESDAY, 31 MAY 2016
The Accounting Professional and Ethical Standards Board (APESB) has announced the appointment of a new director, and it now sees the board have equal gender representation for the first time. Business owner and principal at Quantum Financial, Claire ...

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...