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Showing 261 - 270 of 309 results for "Merit"

Cooper Review calls for SMSF structure overhaul

MICHAEL HOBBS  |  TUESDAY, 15 DEC 2009
... burdened with the extra cost of a financial adviser if they have the necessary experience to do it themselves. "The idea has merit but the uniqueness of SMSFs is that they're self managed. For someone who has no experience in investments, they should ...

AMP circles AXA Asia Pacific

MICHAEL HOBBS  |  MONDAY, 9 NOV 2009
AXA Asia Pacific independent directors have rejected AMP's $4 billion bid for AXA's Australian and New Zealand businesses, creating the first hurdle in a landmark deal that could, if it goes through, create a new Australian insurance and financial planning ...

S&G settles claims for CBA Storm clients

COMPANY RELEASE  |  FRIDAY, 30 OCT 2009
Slater & Gordon has settled claims against the Commonwealth Bank of Australia on behalf of more than 50 clients who borrowed from the bank to invest in schemes promoted by the failed Storm Financial. In a legal first the claims were settled using the ...

The quest for independent advice

MICHELLE BALTAZAR  |  FRIDAY, 26 JUN 2009
The UK regulator's proposal to ban commissions on investment advice fuels fresh debate on the future of the local financial planning industry, with experts divided on how far the industry has come and where the real problems lie. The Financial Services ...

PIS is not part of sale: NAB

RUTH LIEW  |  TUESDAY, 23 JUN 2009
Aviva Australia's more than 20 per cent stake in Professional Investment Services (PIS) was not part of the NAB deal announced yesterday, creating an opening for a new ownership structure at the dealer group. PIS, one of Australia's largest dealer groups ...

NAB and Aviva rule platform land

RUTH LIEW  |  MONDAY, 22 JUN 2009
NAB's acquisition of Aviva Australia's Navigator business will create the largest platform provider with $69 billion in funds under management and more than 2,900 advisers using its services. NAB, which announced it had agreed to purchase Aviva Australia's ...

Fee disclosure for intermediaries: CalPERS

RUTH LIEW  |  MONDAY, 11 MAY 2009
The $230 billion CalPERS is forging ahead with its investment transparency overhaul when it proposed a new policy for the disclosure of "placement agents" brokering new business and fees paid to them. A key committee of the California Public Employees' ...

Conflicts not all bad: AIST

ALEX DUNNIN  |  FRIDAY, 1 MAY 2009
In a major submission to APRA, the Australian Institute of Superannuation Trustees (AIST) has said that fighting for the elimination of conflicts of interest can be self-defeating. Instead, the peak interest group for not-for-profit super funds said ...

No bail-out for cash-strapped assets

RUTH LIEW  |  TUESDAY, 24 MAR 2009
Super funds with unlisted property in their portfolio should be prepared to "let failures fail" - particularly if managers are requesting more inflows to a poorly performing fund, said a leading investment consultant. Fiona Trafford-Walker, managing ...

Doors open for new ETFs

MICHELLE BALTAZAR  |  TUESDAY, 17 MAR 2009
Barclays' decision to place its leading exchange traded funds (ETFs) business, iShares, up for sale has the potential to change the sector's dynamic and lower the barrier to new entrants. The company has released a brief statement overnight confirming ...