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Showing 2691 - 2700 of 3920 results for "law"

ASIC warns consumers about NRAS property ads

MARK SMITH  |  TUESDAY, 22 OCT 2013
... recommending consumers invest using their SMSF we want to ensure they are providing balanced messages that comply with the law,' ASIC Commissioner Greg Tanzer said. "It is important that ads are clear, accurate and balanced, especially when consumers ...

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
... Coalition has suggested it will act to remove certain obstacles to the development of deferred and pooled annuities. Currently the law does not apply the same tax concessions to annuities as it does to other retirement products. Ross Clare, director ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
A former employee of the Australian Securities and Investments Commission (ASIC) has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance ...

FPA confronts advisers with their worst nightmare

LAURA MILLAN  |  FRIDAY, 18 OCT 2013
The Financial Planning Association (FPA) has confronted advisers at the annual Conference with the case of a young disabled woman who took $800,000 to a financial planner and lost it all due to bad advice. The client became disabled after a car accident ...

Advisers dismiss Medicare-style advice service

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
Financial Planning Association (FPA) chair Matthew Rowe has dismissed the idea of introducing a Medicare-style financial planning service, saying it would be too expensive. The idea was put to a panel of advisers and clients at the FPA Inaugural Professionals ...

Last minute deal

BENJAMIN ONG  |  THURSDAY, 17 OCT 2013
... the debt ceiling until 7th of February. These mean that the shutdown ends tomorrow when President Obama signs the deal into law and...we get treated to the same Washington theatrics starting in the middle of January next year. Perhaps earlier... for ...

Market Wrap AM

AAP  |  THURSDAY, 17 OCT 2013
The Australian market looks set to open higher after US Senate leaders reached a deal for a temporary budget and to extend the debt ceiling, ending the government shutdowm. At 0826 AEDT on Thursday, the December share price index futures contract was ...

ASIC has risk advice in its sights

MARK SMITH  |  TUESDAY, 15 OCT 2013
... to pay particularly attention to their use of third party service providers. "You can't outsource your compliance with the law," he said. Consumers are now more demanding than ever before, that they want transparency and want to know what is going on. ...

Read the rules, says ASIC

MARK SMITH  |  TUESDAY, 15 OCT 2013
... interest according to the views of "a reasonable advice provider". This gives a good framework common with others parts of the law, Kell explained. "The best interest duty does not require perfect advice. In fact, that can be counter-intuitive in relation ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
... competition and improve infrastructure in a bid to make Australia a more productive economy. "The cumulative effect of Commonwealth law, State law, and local regulation is stifling innovation and creativity - ultimately it is holding back Australia's ...