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Showing 2711 - 2720 of 5005 results for "CAM"

Industry pushes for more consumer protection under FoFA

LAURA MILLAN  |  TUESDAY, 25 MAR 2014
The financial services industry has welcomed the Finance Minister Mathias Cormann's decision to temporarily freeze the amendments to the Future of Financial Advice (FoFA) legislation, which some stakeholders believe will lead to increased consumer protection. ...

Gonski questions concept of board independence

JAMES FERNYHOUGH  |  TUESDAY, 25 MAR 2014
Former Future Fund chair David Gonski has questioned whether there is really such a thing as an 'independent' director, arguing that independence is a "state of mind". Speaking at the Australian Institute of Superannuation Trustees' (AIST) Conference ...

A$ rising on China slowing

BENJAMIN ONG  |  TUESDAY, 25 MAR 2014
Uh-oh, Governor Glen Stevens won't be a happy little Vegemite this morning. No Virginia... not with headlines proclaiming the Australian dollar's comeback - as in, it's again on the rise against the US dollar. My Bloomberg screen shows the A$ fetched ...

FoFA freeze a consequence of pro-consumer campaign: Silk

LAURA MILLAN  |  MONDAY, 24 MAR 2014
AustralianSuper chief executive Ian Silk said that Senator Mathias Cormann's decision to freeze the Future of Financial Advice (FoFA) regulation is a consequence of "a surprisingly strong campaign" against "elements" that were pushing the legislation ...

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
Industry superannuation funds are spending millions of dollars a year on advertising, with some funds' expenditure even exceeding that spent by banks on their own superannuation advertising campaigns, figures released by Nielsen show. However, overall ...

Smaller funds don't need to merge: legalsuper CEO

JAMES FERNYHOUGH  |  FRIDAY, 21 MAR 2014
Legalsuper chief executive Andrew Proebstl has vigorously countered claims that small to medium-sized super funds of less than $5 billion of funds under management will be forced to merge. His comments came in response to an article published in the ...

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Financial Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by ...

Consumers join FoFA debate

JAMES FERNYHOUGH  |  TUESDAY, 18 MAR 2014
Consumers have added their voice to the debate over the government's amendments to the Future of Financial Advice (FoFA) reforms, with the launch of the 'Save Our FoFA' campaign. The campaign, started by consumer advocate Christopher Zinn, aims to raise ...

Market wrap AM

AAP  |  FRIDAY, 14 MAR 2014
The Australian market looks set to open lower following sharp falls on Wall Street as Russia-Ukraine tension escalates and rhetoric between the US and Russia intensifies. At 0645 AEDT on Friday, the March share price index futures contract was down ...

Market Wrap AM

AAP  |  THURSDAY, 13 MAR 2014
The Australian market looks set to open flat after international markets lost ground as investors retreated in the face of concerns about Ukraine, the Chinese economy and falling copper prices. At 0645 AEDT on Thursday, the March share price index futures ...