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Showing 3091 - 3100 of 6264 results for "DET"

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
The Australian Prudential Regulation Authority will establish an independent inquiry into the Commonwealth Bank, following a series of scandals which have called the integrity of Australia's largest bank into question. The inquiry, conducted by an APRA-appointed ...

Lapsed adviser registrations could spell trouble: TPB

JAMIE WILLIAMSON  |  MONDAY, 28 AUG 2017
More than one quarter of tax (financial) advisers due to renew their registration with the Tax Practitioners Board in July failed to do so, potentially providing tax advice services illegally. Of the 2748 advisers registered to provide such advice ...

Wealth arm projects Perpetual profit

EMMA RAPAPORT  |  FRIDAY, 25 AUG 2017
Perpetual announced net profits of $137 million, up 4% on FY16, driven in part by its wealth management arm. New client growth in target segments, as well as higher non-market related revenue and higher equity markets led to a before tax profit of $40.5 ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
The Federal Government is seeking public consultation on the long-awaited legislation for the Asia Region Funds Passport and Corporate Collective Investment Vehicle (CCIV) regime. The exposure draft legislation for the Asia Region Funds Passport explains ...

Suitability: more than risk profiling

JAMIE WILLIAMSON  |  WEDNESDAY, 23 AUG 2017
Financial advisers relying solely on psychometric risk tolerance assessments when determining suitable investments for clients must think again, according to risk profiling specialists Oxford Risk. While risk tolerance tools are a great first step ...

SMSFA supports quarterly reporting proposal

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
The Australian Tax Office's decision to offer a quarterly option as part of a position paper on event-based reporting for the transfer balance cap has been endorsed by the SMSF Association. SMSF Association (SMSFA) chief executive John Maroney says ...

Executives must think beyond the technical

KARREN VERGARA  |  TUESDAY, 22 AUG 2017
Transitioning from a technical to a leadership role is challenging for financial services executives who overlook the broader soft skills to be effective leaders. CommInsure chief financial officer and chief actuary Jennifer Lang says executives may ...

The negatives in the positive jobs report

BENJAMIN ONG  |  FRIDAY, 18 AUG 2017
If you've been hopin' and wishin' and prayin' that someday soon you'll be getting a fat pay rise, hope and wish and pray some more. While the headline seasonally adjusted numbers of the Australian Bureau of Statistics' (ABS) Labour Force report were ...

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
The Australian Bureau of Statistics' (ABS) 'Wage Price Index' report for the June quarter confirmed what we, Australians all, already know...wages growth remains sluggish. Even market consensus got it on point. Growth in total wages stood still at a ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
The hits keep coming for Commonwealth Bank with new details of problems within the bank that have cost customers and employees millions of dollars. Hours after the bank was forced to refund more than $10 million for mis-sold consumer credit insurance ...