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Showing 3091 - 3100 of 3921 results for "law"

Planners react badly to FOFA

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
... advice on risk insurance if they were not paid. Industry watchers have made the point that planners would be breaking the law if they did not provide advice in the best interests of their client including on insurance regardless of whether they are being ...

Super funds praise reforms

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... placed on advisers. Whiteley said the reforms would ensure for the first time that financial planners would be required by law to act in the best interests of clients. "The hallmark of a professional is acting in the best interests of the client," he ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
... advice. The next couple of years will be critical to the financial planning sector if the proposals announced today become law - among them the ban on all trailing and up-front commissions and similar payments from mid-2013; a broad ban on volume-based ...

Great Southern case rages on

ELISE BURGESS  |  THURSDAY, 21 APR 2011
... been approved. In a hearing held April 4, former Great Southern directors, Peter Patrikeos and Jeffrey Mews were asked by law firm Macpherson + Kelley Lawyers (M+K), representing the class action, to provide documents including internal Great Southern ...

Accountants attack planners over naming rights

ALISON BEVEGE  |  THURSDAY, 21 APR 2011
An industry turf war has erupted after accountants said they want the Federal Government to dump adviser requests to restrict the term 'financial planner'. The National Institute of Accountants (NIA) fired the first shots yesterday, saying moves to ...

Adviser banned for life by ASIC

ASIC RELEASE  |  WEDNESDAY, 20 APR 2011
... the Australian Securities and Investments Commission (ASIC). ASIC alleges Veitch failed to comply with financial services law between 23 October 2008 and 5 February 2010 by engaging in dishonest conduct by transferring some $500,000 of client funds for ...

ASIC silent on possible research probe

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
... roulette with our reputations and our futures," he said. "We can't rely on audited accounts, we can't rely on the corporations law, we can't rely on APRA, or ASIC and we certainly can't rely on research houses." Research firms Aegis Equities Research ...

Laissez faire

BENJAMIN ONG  |  MONDAY, 18 APR 2011
... individuals to pursue their own self-interest free from government intervention and under conditions of competition and common law, would be a self-regulating and highly prosperous economy. "It is not from the benevolence of the butcher, the brewer or ...

Trustee fury prompts SMSF compo rethink

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
The peak self-managed super fund association wants the law to be changed to allow compensation for their trustees as anger mounts over the Trio fraud case. Affected SMSF trustees are outraged that APRA-managed super fund members will be fully compensated ...

$55 million for Trio super fraud victims

ALISON BEVEGE  |  WEDNESDAY, 13 APR 2011
... will recover all lost funds after Financial Services Minister, Bill Shorten deemed they were entitled to under superannuation law. The funds are- Astarra Superannuation Plan, Astarra Personal Pension Plan, My Retirement Plan and the Employers Federation ...