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Showing 3861 - 3870 of 5260 results for "SCA"

FoFA still in need of changes: industry

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
After the effort by the industry to comply with the Future of Financial Advice (FoFA) regulation, the organisations representing the financial services sector are asking for adjustments to FoFA. The Financial Services Council (FSC) specified that the ...

Opposition challenges Labor to review Trio fraud

JAMES FERNYHOUGH  |  WEDNESDAY, 3 JUL 2013
Shadow Minister for Financial Services and Superannuation Mathias Cormann has called on new Treasurer Chris Bowen to review the Gillard government's response to the Trio Capital scandal. Described as the "largest superannuation fraud in Australian history" ...

Platforms surpass pre-GFC levels

LAURA MILLAN  |  MONDAY, 1 JUL 2013
The platform market has broken funds under advice (FUA) records in the March quarter, after plunging during the global financial crisis (GFC). An uptick in investor confidence and an increase in adviser productivity could be behind the growth of the ...

Gonski urges Australia to look long-term

MARK SMITH  |  FRIDAY, 28 JUN 2013
The Australian financial services industry is too focused on short-term results and must find ways to focus on and promote long-term success for investors, according to David Gonski. The chair of the Future Fund board of guardians said the investment ...

EQT appoints Mercer as asset consultant

JAMES FERNYHOUGH  |  WEDNESDAY, 26 JUN 2013
Financial services company Equity Trustees Limited (EQT) has appointed Mercer as asset consultant for its retail and institutional businesses. Mercer will also assist EQT in meeting its regulatory and legislative obligations. "Mercer met our strict ...

Whittaker Macnaught advisers to operate under Financial Wisdom

LAURA MILLAN  |  TUESDAY, 25 JUN 2013
Former Whittaker Macnaught advisers will operate under Commonwealth Bank-owned Financial Wisdom Australian Financial Services Licence (AFSL). Commonwealth Bank Wealth Management Advice said that this was the last step of its decision to close the Whittaker ...

Environmental trends a boost for Impax

MARK SMITH  |  MONDAY, 24 JUN 2013
Global energy and environmental trends mean the demand for 'resource efficiency' investments will only increase in the years ahead, according to Impax Asset Management chief executive Ian Simm. 'Resource efficiency' or 'resource optimisation' are terms ...

Advisers face shrinking market as super funds merge

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
Financial advisers face a shrinking market and increased competition as the government's StrongerSuper reforms force smaller superannuation funds to merge, according to Jenny Wilcocks, a partner at law firm Holding Redlich. "The government's agenda ...

The Big Benny sings

BENJAMIN ONG  |  THURSDAY, 20 JUN 2013
I beg your pardon, but was that it? Was that the song we've waited all this time for Big Benny to sing? The song remains the same to me. The same tune Ben Bernanke sang on the 22nd of May. The June FOMC statement was practically a rehash of the one ...

Aust(Q) merger with AustralianSuper 'in members' interest'

JAMES FERNYHOUGH  |  TUESDAY, 18 JUN 2013
The small Queensland-based industry super fund AUST(Q) Super has announced an 'in principle' merger with industry giant AustralianSuper, set to take place later this year following due diligence processes. AUST(Q) Super chair Bob Henricks said the merger ...