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Showing 4221 - 4230 of 6884 results for "Act2"

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

Market wrap AM

AAP  |  FRIDAY, 27 JUN 2014
The Australian market looks set to open flat after Wall Street fell following disappointing economic data. At 0645 AEST on Friday, the September share price index futures contract was up five points at 5,431. US consumer spending, which accounts for ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Treasury contemplates TASA relief for experienced advisers

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
Financial planners who have had six years of experience over the past eight and belong to a professional association will not have to meet the new Tax Agents Services Act 2009 (TASA) requirements for advisers, Treasury said. The government has issued ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
Individual responsibility remains a core part of the financial services system, the Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said, ahead of the Senate report on the inquiry into the regulator. The Senate Economics ...

Market wrap AM

AAP  |  TUESDAY, 24 JUN 2014
The Australian market looks set to open flat after Wall Street finished little changed following mixed economic data while investors keep watch on continued unrest in major oil-producer Iraq. At 0645 AEST on Tuesday, the September share price index ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
BNP Paribas has neared a deal with US prosecutors that would see the French bank pay $US8 billion to $US9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports. US regulators and BNP Paribas executives ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
The government is intending to approve most changes to the Future of Financial Advice (FoFA) law through regulation first, despite Labor and the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the ...

FEATURE: Gear up for retirement

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
With longevity, inflation and market risk remaining critical for many Australians, Laura Millan looks at how advisers and product providers can join forces to come up with the best strategies to meet retirees needs. Treasurer Joe Hockey's 2014-15 budget ...