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Showing 4041 - 4050 of 6884 results for "Act2"

Westpac, Count on ASIC radar over complex product advice

LAURA MILLAN  |  TUESDAY, 24 FEB 2015
Westpac and Commonwealth Bank-owned Count Financial are among the 10 licensees forced to undertake corrective action following concerns by the Australian Securities and Investments Commission (ASIC) concerns about financial advice relating to complex ...

Privatisation backlash derails infra investing

ALEX BURKE  |  MONDAY, 23 FEB 2015
Voter backlash against infrastructure recycling plans in recent (and current) state election campaigns is raising alarm bells within the superannuation sector. It was such a point of contention in the recent Queensland state election that most observers ...

Magellan doubles profit, consolidates global presence

LAURA MILLAN  |  FRIDAY, 20 FEB 2015
Magellan Financial Group doubled its profit after tax to $77.4 million in the first half of financial year 2014-2015, while it kept strengthening its global presence. The group reported a revenue increase of 91% to $128.5 million during the six months ...

Pro-active, timely responses avoid SMSF penalties

MARK SMITH  |  THURSDAY, 19 FEB 2015
Responding quickly, honestly and with a realistic plan to correct instances of non-compliance is the best way for self-managed super fund (SMSF) members and trustees to avoid penalties from the ATO. That was the advice dispensed by ATO director of SMSF ...

OPINION: The Achilles heel of unbundled services

DARREN SPEIRS  |  WEDNESDAY, 18 FEB 2015
The popularity of self-managed super funds (SMSFs) has fuelled the rapid growth of an extensive range of unbundled services that promise trustees greater choice and control, as well as lower costs than traditional bundled services. However as Darren ...

Embrace client interests or wither on the vine, advisers told

MARK SMITH  |  WEDNESDAY, 18 FEB 2015
Financial advice professionals must embrace regulatory and legislative changes aimed at improving outcomes for consumers, irrespective of the impact these changes have on their businesses bottom lines. That's according to Quantum Financial Services ...

Market Wrap AM

AAP  |  WEDNESDAY, 18 FEB 2015
The Australian market looks set to open higher following gains on Wall Street amid optimism that a bailout extension deal will be reached between Greece and its creditors. At 0857 AEDT on Wednesday, the March share price index futures contract was up ...

Long-serving BT exec announces retirement

MARK SMITH  |  MONDAY, 16 FEB 2015
BT Financial Group's long-serving general manager of adviser distribution Chris Freeman is retiring. He will begin stepping down from his duties in the latter half of 2015, but will stay on part-time as a consultant for a further two years. As he transitions ...

Finance minister seeks interest from property investors

ALEX BURKE  |  MONDAY, 16 FEB 2015
The government is seeking interest from potential property investors in six Commonwealth properties in Canberra as part of its property divestment program, Minister for Finance Mathias Cormann and Parliamentary Secretary to the Minister for Finance ...

Australia fails to attract foreign investors: FSC

LAURA MILLAN  |  MONDAY, 16 FEB 2015
A combination of out-dated regulation and taxation settings is preventing Australia from exporting managed funds and its skills in managing foreign capital, the Financial Services Council (FSC) said in its pre-budget submission. The FSC asked the government ...