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Showing 3221 - 3230 of 4389 results for "financial Advice"

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
The Labor Party tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of ...

Mercer appoints research manager from Count

MARK SMITH  |  THURSDAY, 10 JUL 2014
... Count senior research executive Brendan Irwin has been appointed to the role of research manager within Mercer's financial advice business. In this role, which he began on 7 July, Irwin will be focused on investment research, a Mercer spokesperson said. ...

What happened to the ISA-FSC accord?

JAMES FERNYHOUGH  |  WEDNESDAY, 9 JUL 2014
... Labor one, giving the FSC the political advantage (Brogden himself is a former NSW Liberal leader); the Future of Financial Advice (FoFA) reforms have been amended to give the retail sector some wiggle room; and the FSC and ISA have faced off in court ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... Securities and Investment Commission and the Commonwealth Bank and branded the government's plans to examine financial advice scandals as part of the Financial System Inquiry (FSI) a "cop out." Shadow Treasurer Chris Bowen told journalists this morning ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
Industry super funds could face stricter rules around block charging members for financial advice if the Senate blocks the amendments to the Future of Financial Advice (FoFA) reforms, Finance Minister Mathias Cormann has said. Singling out exemptions ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
... hearings." The final report by the Committee recommended that ASIC undertakes "intensive surveillance of other financial advice businesses that have recently been a source of concern, such as Macquarie Private Wealth." The document referred to lending ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial Advice] FoFA orchestrated by Industry Super Australia," the Financial Services Council (FSC) said today. In the report, ISA identified ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank's initiative to set up a program to review financial advice given to its clients from 2003 to 2012 has been slammed by several stakeholders for being too slow, too little and too late. Speaking at a Melbourne Institute event yesterday ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... attended over 100 inquiries and that receives calls daily. "Most of them have lost money due to inappropriate financial advice; they are retirees or close to retirement and lots of them have lost their homes or their lifetime savings." The inquiry was ...

Infocus and Patron deal puts new group in top ten

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
The financial advice landscape is likely to be shaken up again by a merger between two medium-sized firms that would put the new group among Australia's top ten providers. Infocus Wealth Management and Patron Financial Services are expected to merge ...