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Showing 3081 - 3090 of 6884 results for "Act2"

ASIC drags Westpac to court

KANIKA SOOD  |  MONDAY, 18 JUN 2018
ASIC has initiated civil penalty proceedings against Westpac in relation to a Perth financial planner whose poor advice has already seen the bank foot a $12 million bill to remediate clients. Sudhir Sinha provided financial advice in the Perth area ...

Aussie IPO launches at decade high

KANIKA SOOD  |  FRIDAY, 15 JUN 2018
Australian IPO launches hit a 10-year high in the first half of this year, yet the capital they raised is significantly lower than four years ago, according to Baker McKenzie. The law firm looked at IPO activity by Aussie issuers in both domestic and ...

Government opens consultation for amended CCIV regime

ALEX BURKE  |  THURSDAY, 14 JUN 2018
The Federal Government opened consultation to industry stakeholders for the first tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018. In August 2017, the Government called for initial consultation on the CCIV ...

ASIC issues warning over Dover advisers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JUN 2018
Advice licensees considering onboarding ex-Dover Financial Advisers' authorised representatives have been warned to ramp up due diligence processes by the corporate regulator. As the fallout from Dover's shock closure continues, ASIC has reinforced ...

China A-shares to shake up EM funds

KARREN VERGARA AND DARREN SNYDER  |  WEDNESDAY, 13 JUN 2018
The recent inclusion of 226 China A-shares to several MSCI indexes is opening a floodgate of foreign capital to the Chinese equity market and at the very least disrupting the $2.6 trillion which tracks the MSCI Emerging Markets Index. Phased in over ...

Industry responds to Dover shutdown

JAMIE WILLIAMSON  |  TUESDAY, 12 JUN 2018
The Association of Financial Advisers will lobby ASIC and the Federal Government to extend the transition period provided to Dover Financial Advisers' authorised representatives in the wake of the dealer group's shock closure. On Friday evening ...

What worries Aussie advisers: Natixis

KANIKA SOOD  |  TUESDAY, 12 JUN 2018
The financial services Royal Commission coupled with the recent collapse of Dover Financial Advisers suggests it should come as no surprise that financial advisers are finding it difficult to navigate Australia's regulatory landscape. The 2018 Natixis ...

Technical Services Forum looks at tax and aged care

KANIKA SOOD  |  FRIDAY, 8 JUN 2018
A room full of finance professionals tackled tricky case studies at the Challenger Financial Standard Technical Forum in Sydney yesterday afternoon. Technical services professionals from IOOF and BT Financial Group presented case studies based on two ...

AMP slides off ASX top 20

KANIKA SOOD  |  FRIDAY, 8 JUN 2018
AMP will no longer be on the S&P/ASX 20 index when trading opens on June 18, following a quarterly rebalance of S&P's Australian indices announced today. AMP's spot on the index will be taken by packaging manufacturer Amcor. The wealth giant ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
The Association of Financial Advisers released its assessment of the Financial Adviser Standards and Ethics Authority's 12 draft standards, pointing to numerous areas that need clarity and focus, particularly around governance at the licensee level. ...