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Showing 2541 - 2550 of 3920 results for "law"

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
... 100 per cent of the PA Councils' losses rather that the 33 per cent in the primary judgment. Amanda Banton, partner with the law firm representing the Councils, Piper Alderman, said: "This is a landmark decision that changes the legal landscape with ...

Most super boards have no independent trustees

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... issue. The fact that 30% of super funds have no intention of appointing independent directors suggests they are confident the law will not be passed. In its analysis, Mercer was broadly in favour of idea of independent directors. Addressing the concern ...

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
The chief executive of a British pension fund industry body has dubbed the UK government's decision to scrap compulsory annuitisation as 'political schizophrenia'. The comments came on the same day the Financial System Inquiry floated the possibility ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... acting in their best interest." "It's a matter of communication," De Gori said, as the requirements are already outlined in the law, but advisers do not have the obligation to disclose them to clients. The legal implications of these additional requirements ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... Parliament Bernie Ripoll told Financial Standard. Ripoll, who headed the original inquiry that resulted into the first FoFA law, said: "we have not changed our position; the government's changes are good for banks and bad for consumers." He said that ...

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... of consumer protection, MP Clive Palmer has said. Speaking to journalists in Canberra, Palmer said that the changes to the law will "ensure that more and more people are protected." In siding with the government Palmer agreed to introduce what he called ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
Financial System Inquiry (FSI) chairman David Murray spoke at the National Press Club following the release of the FSI interim report. "Thank you to the National Press Club for the interest you have shown in today's release of the interim report of ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
In July last year Industry Super Australia (ISA) chief executive David Whiteley stood alongside Financial Services Council (FSC) chief executive John Brogden and announced that the two wings of superannuation would be burying the hatchet. They wouldn't ...

ASIC warns fund managers to fix fee disclosure

MARK SMITH  |  TUESDAY, 8 JUL 2014
... identified a need to provide further guidance from the regulator and raised the possibility for modifying the requirements in the law to make it clearer and less costly to comply with. "It is crucial for super and managed fund issuers to disclose fees ...

New laws bring aged care advice into the spotlight

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The Living Longer, Living Better reforms that began on July 1, 2014, are forcing financial advisers to review their clients' aged care arrangements. Advisers need to take into account the client's assets and income to ensure that the approach taken ...