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Showing 3421 - 3430 of 6884 results for "Act2"

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
Fifteen per cent of superannuation trustees needed improvement in the disclosure of information on super fund websites according to Australia's corporate regulator. ASIC recently wrote to 21 superannuation trustees who failed to meet "Transparency Information" ...

Asset managers still charging more for less

ALEX BURKE  |  FRIDAY, 30 JUN 2017
Following its interim report on the asset management industry released in November 2016, the UK Financial Conduct Authority reiterated its stance that profits aren't reflecting average performance. The FCA received 153 written submissions and consulted ...

FPA supports ASIC independence definition

KARREN VERGARA  |  FRIDAY, 30 JUN 2017
The Financial Planning Association of Australia is voicing its support for ASIC's definitions on independent financial advice. FPA chief executive Dante De Gori said it is important to note that the definition of 'independent' under s923A of the Corporations ...

Australian property love affair cannot please everyone

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
The just-released RBA Financial Aggregates report for May show that Australia's credit state of affairs continues. Total private sector credit growth inched up from 4.9% in the year to April to 5% last month. While this put a stop to the four straight ...

SMSF auditor busted self-auditing

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2017
A Victoria-based self-managed superannuation fund auditor was disqualified for auditing his own fund. ASIC investigated Neil Wilson following information supplied by the Australian Taxation Office and determined that he had breached fundamental independence ...

Independence definition too restrictive: AFA

ALEX BURKE  |  WEDNESDAY, 28 JUN 2017
Association of Financial Advisers chief executive Philip Kewin said ASIC's interpretation of the terms "independent", "impartial" and "unbiased" is too restrictive. Kewin's comments follow yesterday's news that the regulator had received legal advice ...

Asset managers must overhaul operating model: Study

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2017
Asset managers are finding it tough to achieve growth as a result of investors demanding better portfolio diversification and value for money. That is the view of about two-thirds of 500 global institutional investors highlighted in a State Street study ...

Easton to acquire $1.7bn advice group

ALEX BURKE  |  TUESDAY, 27 JUN 2017
Listed wealth firm Easton Investments is in talks to acquire a financial planning network with $1.7 billion in funds under advice. GPS Wealth, established in 2012, operates 82 practices with 123 advisers and 182 accountants throughout Australia. According ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
ASIC has stated its position on the use of restricted terms relating to the independence of financial advisers. Following external legal advice, ASIC has clarified that phrases such as 'independently owned', 'non-aligned' and 'non-institutionally owned' ...

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
More than four million Australians will benefit from the superannuation reforms taking effect on 1 July, particularly women. The revived Low Income Superannuation Contribution, now labelled the Low Income Superannuation Tax Offset (LISTO), will be received ...