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Showing 3961 - 3970 of 6264 results for "DET"

IOOF completes SFGA buyout

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
IOOF has effectively completed the acquisition of 100% of the shares in SFG Australia, following the buyout proposal made public in May. As part of the scheme of arrangement, SFGA shareholders could elect to receive IOOF shares only or a cash alternative ...

Cap market efficiency plummets

ALEX DUNNIN  |  WEDNESDAY, 20 AUG 2014
Reinforcing why the government initiated the Financial System Inquiry, economic research by Industry Super Australia has revealed that the financial services sector is becoming less efficient at raising capital. The cause of the problem, according to ...

Goldilocks is back in town

BENJAMIN ONG  |  WEDNESDAY, 20 AUG 2014
Toto, I've a feeling we're back in Goldilocksville. Now that the headlines have grown tired of counting and recounting of lives lost - and collateral damages - the US/EU-Russia tits-for-tats, the "humanitarian" trucks toing and froing through the Ukrainian ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
Maurice Blackburn is considering starting a class action against Macquarie in light of the growing number of disgruntled Macquarie Private Wealth customers approaching the litigator. Maurice Blackburn head of the financial disputes department John Berrill ...

Brumbie: Super idea, super silly reaction

ALEX DUNNIN  |  MONDAY, 18 AUG 2014
Here we go again; a parliamentarian proposes a policy response to housing affordability involving superannuation and trade-side interest groups circle the wagons, warning of capital market calamity. Triggering this latest ruckus is that at end July ...

Macquarie forced to contact all advice clients for remediation

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
Macquarie Equities Limited (MEL) must contact all clients who received advice from its financial planning arm, Macquarie Private Wealth (MPW), going back to 2004 following action from the regulator. Under the enforceable undertaking (EU) in place since ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Jeff Carmichael's Promontory Financial Group has been appointed independent expert for the Commonwealth Bank's (CBA) Open Advice Review program. The appointment follows a series of announcements made ahead of the company results, which will be released ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Self-managed super fund (SMSF) trustees with net assets of at least $2.5 million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined. The regulator has issued ...

Humanitarian you, humanitarian me too

BENJAMIN ONG  |  MONDAY, 11 AUG 2014
You kiddin' me? I had to go through not one, not two, nor three but several websites to verify what I was reading Saturday morning (Melbourne time), that Wall Street jumped - with the S&P 500 index's Friday surge erasing all of the losses it made from ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) ...