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Showing 2751 - 2760 of 4932 results for "MIS"

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
A Melbourne-based financial planner closed his website following an investigation by ASIC. Stephen Burgin, an authorised representative of Interprac Financial Planning, falsely claimed to be a 'senior ASIC licenced adviser' and an 'ASIC licenced fractional ...

Global advice group becomes investment bank

ALEX BURKE  |  TUESDAY, 7 MAR 2017
One of the world's largest financial planning groups has received its investment banking licence and will commence operations in that capacity "in a matter of weeks." DeVere Group's investment bank will be licensed and regulated by the Financial Services ...

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
Commonwealth Bank of Australia's chief executive Ian Narev told a parliamentary inquiry this morning the bank made mistakes and still has a lot of work to do. On day two of the major banks review, Narev fronted the House of Representative's Standing ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
Some of the financial services industry's biggest players fronted the Parliamentary Joint Committee inquiry into life insurance on Friday. Financial Services Council chief executive Sally Loane faced the panel first, telling the Committee that any further ...

Kaplan buys artificial intelligence regtech

JAMIE WILLIAMSON  |  FRIDAY, 3 MAR 2017
Following a partnership to develop a digital solution for advisers, Kaplan acquired an artificial intelligence-based regtech provider. The education provider has been working with Red Marker to develop Artemis, a solution for financial advisers to create ...

Value investors facing short-term headwinds

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
Value investors are facing a number of challenges in the short-term, particularly during reporting season where they have to be more discerning about the quality of earnings reported. Perennial Value Management managing director John Murray said stocks ...

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
FSC chief executive Sally Loane believes financial services laws are "locking down" the industry and consumers into out-dated products. Speaking at the FSC State of the Industry address in Sydney, Loane said the problem is embedded to the extent where ...

CommInsure cleared of systemic problems

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAR 2017
An independent expert report compiled by Deloitte has cleared CommInsure of having systemic culture issues when it comes to claims handling processes. The Deloitte report states that no systemic issues related to historically declined claims were identified ...

Australia missing golden export opportunity

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
The current withholding tax regime is severely stifling management of offshore funds, and by extension, the Australian economy. New research from UBS Asset Management and the Financial Services Council shows that over the past 30 years, the amount of ...

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE. In their submission to the Parliamentary Inquiry into the Life Insurance Industry in Sydney and Melbourne ...