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Showing 3721 - 3730 of 6264 results for "DET"

Advice firm pays penalty for misleading claims

MARK SMITH  |  TUESDAY, 21 JUL 2015
Sydney advice boutique Omniwealth Services has paid a $10,200 penalty for making misleading advertising claims on its website. On a page explaining the advantages of investing in property via a self-managed super fund (SMSF), Omniwealth compared the ...

Class partners actuarial certificate provider

MARK SMITH  |  MONDAY, 20 JUL 2015
Class, the company behind cloud-based SMSF tool Class Super, has partnered with actuarial certification firm Lime Actuarial. Actuarial certificates are generally required for SMSFs that pay a pension income stream and have an accumulation interest. ...

Fed lady sings (the same old song)

BENJAMIN ONG  |  FRIDAY, 17 JUL 2015
The Fed lady sang for two consecutive days but "not a creature was stirring, not even a mouse". The S&P 500 index fell all of 0.07% when Janet testified before the House Financial Services Committee on the 15th, but more likely than not this was due ...

ASIC bans auditor and adviser

ALEX BURKE  |  WEDNESDAY, 15 JUL 2015
ASIC has permanently banned an insurance adviser and disqualified an SMSF auditor. Abhinav Gupta provided insurance advice via ACE Insurance's Victorian Combined Insurance division from October 2013 to May 2014. He was not a salaried employee of Combined ...

Rice Warner highlights $1.8trn insurance gap

ALEX BURKE  |  TUESDAY, 14 JUL 2015
There is a $1.8 trillion underinsurance gap in Australia, according to Rice Warner's Underinsurance in Australia report. The report is based on levels of life insurance, total and permanent disability (TPD) and income protection as at June 30, 2014. ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
The Australian Prudential Regulation Authority (APRA) believes the country's major banks will need to increase capital adequacy ratios by at least 200 basis points to be comfortably positioned in the top quartile of international peers. In response ...

Still in the woods

BENJAMIN ONG  |  FRIDAY, 10 JUL 2015
"Oh, I love you more today than yesterday..." -- Spiral Staircase But would it be "...as much as tomorrow"? That's the musical version of "is this a dead cat bounce?" Yes Virginia, I refer to the Shanghai Composite Index which tumbled 5.9% one-day and ...

Regulator clouding wealth management: PractiFI

DARREN SNYDER  |  THURSDAY, 9 JUL 2015
Weaknesses in outsourcing wealth management via cloud technology or shared computing services - as identified by the Australian Prudential Regulation Authority (APRA) - have sparked an impassioned response. On Monday APRA released an information paper ...

HUB24 doubled FUA in 2014

LAURA MILLAN  |  WEDNESDAY, 8 JUL 2015
HUB24's investment and superannuation platform doubled its funds under administration during the year to June 30, 2015. Funds under administration were $1.7 billion, up 100% from the year before and 14% more than the previous quarter. The platform also ...

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
The Financial Services Council (FSC) believes Australia's existing mix of taxation is unsustainable with an ageing population and baby boomers moving out of the workforce. Among the FSC's submission to the Tax White Paper are four key proposals including ...