Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3271 - 3280 of 3561 results for "October 28"

No conflict, more interest on MLC

Amid industry calls to curb conflicts of interest when giving advice, MLC will fundamentally change how it values an adviser's business from a model based on a set formula favouring in-house products to one based on an independent market valuation. ...

AMP caught on conflicts

KATE HAGE  |  THURSDAY, 27 JUL 2006
AMP Financial Planning (AMPFP) has been pulled up by the regulator for giving 300 clients unnecessary or inadequate super switching advice and having inadequate conflicts of interest procedures in place. Only months after the regulator's shadow shopping ...

Credit Suisse pulls MasterWrap off the shelves

It was hinted at, talked about and it finally happened this month when investment group Credit Suisse announced its decision to close down its MasterWrap product. The group unveiled its MasterWrap almost two years ago to much fanfare and great expectations. ...

Another Elm associate banned by ASIC

HAMISH MADDEN  |  TUESDAY, 11 JUL 2006
The Australian Securities and Investments Commission (ASIC) has banned a financial adviser associated with the failed Elm Financial Services group for three years for his part in convincing a couple to invest $1 million in a failed product. Sydney adviser ...

Industry funds target top end with TV campaign part 2

KATE HAGE  |  THURSDAY, 6 JUL 2006
High net worth individuals are among the broader television audience that can expect to be targeted in round two of the controversial industry superannuation funds campaign that first aired on national television last year. The new campaign will feature ...

NAB FX pair get six years

HAMISH MADDEN  |  WEDNESDAY, 5 JUL 2006
Two of the former National Australia Bank (NAB) foreign currency traders embroiled in the high profile foreign currency trading scandal were yesterday sentenced to a combined six years in jail. David Bullen faced 18 charges relating to his actions in ...

Market wrap

AAP  |  FRIDAY, 30 JUN 2006
The market is expected to open sharply higher as US stock rocketed ahead after investors interpreted a statement by the US Federal Reserve as suggesting it may pause its interest rate lifting cycle. On the Sydney Futures Exchange, the September share ...

MLC claims "first mover" on "fee for service"

KATE HAGE  |  WEDNESDAY, 14 JUN 2006
NAB/MLC have announced that their high-end financial planning group, Godfrey Pembroke, will mandate that all planners be remunerated purely by fee for service, believing it is a "first move" for a major player in the industry that has become caught ...

CFS appoints REST chief

Colonial First State Global Asset Management has appointed outgoing Retail Employees Superannuation Trust (REST) chief executive Neil Cochrane as its new global head of business development and deputy chief executive officer. Cochrane joins the group ...

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
Four people have been charged by the Australian Securities and Investments Commission (ASIC) regarding unlawful and misleading conduct which resulted in Sydney investors taking out and subsequently defaulting on Macquarie Bank Margin Lending loans. ...