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Showing 3311 - 3320 of 3921 results for "law"

CalPERS takes legal action against state furloughs

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
... accrue to the General Fund of the state of California, issued the following statement in connection with the lawsuit: "State law does not permit general fund budget problems to jeopardise the financial soundness of CalPERS or the benefits that we are ...

Planner remuneration disclosure isn't working: ASIC

ALEX DUNNIN  |  TUESDAY, 18 AUG 2009
... to influence the range of products a client has access to on a platform." ASIC's proposals, should they eventually become law, have the potential to force a split in the advice community between those who provide pure advice and those who "are representatives ...

Govt aids anti-predatory lending laws

GOVT ANNOUNCEMENT  |  MONDAY, 17 AUG 2009
... from 1 January 2010 instead of 1 January 2011. Chris Bowen, Minister for Financial Services, Superannuation and Corporate Law, said that by bringing the timetable forward, consumers can be protected much earlier from any predatory and irresponsible lending. ...

Advisers choose definitions over technology

MICHAEL HOBBS  |  FRIDAY, 14 AUG 2009
Automatic underwriting, online transactions and website calculators are needed when it comes to risk insurance, but financial advisers won't use a provider if the contracts don't pay out when clients need it most. While the risk insurance industry is ...

ASIC targets another MIS scheme

ASIC RELEASE  |  THURSDAY, 13 AUG 2009
... by the Court because Finchley and its officers have failed and continue to fail to comply with their obligations under the law. ASIC also alleges the winding up order will allow FDCF, the Riverside Trust and the Gilead Trust to be overseen and supervised ...

Health Super hires governance chief

COMPANY RELEASE  |  TUESDAY, 11 AUG 2009
The $7 billion industry super fund Health Super has appointed Gary McGrath to the role of chief governance officer. The position is a newly created one for the fund. McGrath will report directly to Health Super chief executive, Chris Clausen. Prior ...

More reform through reviews: Bowen

RUTH LIEW  |  THURSDAY, 6 AUG 2009
... opportunities to improve the current system, said Chris Bowen, minister for financial services, superannuation and corporate law. Bowen, who addressed an audience at yesterday's Investment and Financial Services Association conference, said compulsory ...

Heffron and Martin joins Cooper Review

PRESS RELEASE  |  WEDNESDAY, 5 AUG 2009
... comprehensively examine our superannuation system," said Chris Bowen, the Minister for Financial Services, Superannuation and Corporate Law. The review, also nicknamed the Cooper Review, is chaired by Jeremy Cooper, former deputy chair of the Australian ...

Intra-fund advice relief opens super funds to lawsuits

MICHELLE BALTAZAR  |  TUESDAY, 4 AUG 2009
... tool." Lock said members could resort to litigation if the advice ends up costing them their savings. "The relaxation of the law will not stop the member from suing the fund for any actual or perceived loss using the fund's marketing tool." This execution ...

Downturn presents brand opportunity

MICHAEL HOBBS  |  FRIDAY, 31 JUL 2009
Super funds have the power to restore public confidence in superannuation, which quickly eroded after the GFC, by investing more on their brands, said the marketing firm behind the successful 'Kevin 07'campaign. Marketing firm, Lawrence Creative Strategy ...