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All advice scaled in proposed ASIC guidance

MELANIE TIMBRELL  |  FRIDAY, 10 AUG 2012
All advice is considered scaled to some extent, according to ASIC's consultation paper released yesterday on key elements of the FOFA reform package. The proposed guidance on scaled advice and best interests duty indicates the two categories of scaled ...

HNW clients give brokers the 'thumbs down'

MELANIE TIMBRELL  |  FRIDAY, 10 AUG 2012
... participant. "I went in and was unimpressed by the thinking of the broker, who was only offering his execution and research on ASX top 200 stocks. I wanted to say 'Where is your money and what are you investing in? Show me your accounts'. "It's a two ...

Market Wrap

AAP  |  FRIDAY, 10 AUG 2012
... influences being the release of Chinese data, and better-than-expected US trade figures. London's benchmark FTSE 100 index of top companies climbed slightly by 0.10 per cent to close at 5,851.51 points. In economic news on Friday, the Reserve Bank of ...

The QE Paradox

BENJAMIN ONG  |  FRIDAY, 10 AUG 2012
... is hunting for some 8,000 heads to work at the construction of her iron ore mine at Roy Hill and I think, this will be on top of the 1,700 jobs it's offering to migrant workers. Not only this, Pit Crew Management Consulting Services - which consults ...

Market Wrap

AAP  |  FRIDAY, 10 AUG 2012
... loosen monetary policy further and US trade figures turned out to be better than expected. London's benchmark FTSE 100 index of top companies edged up 0.10 per cent to close at 5,851.51 points, and Paris's CAC 40 added 0.54 per cent to 3,456.71. Frankfurt's ...

Zurich says no to online sales

MARK STORY  |  THURSDAY, 9 AUG 2012
... business," continued Fogarty. And in the event of a claim, brokers play a key role in assisting SMEs throughout the process." The top three reasons why SMEs should use an insurance broker, argues Zurich include: A) Getting the best advice from the get ...

ACCI calls for right to sue foreign govs

MELANIE TIMBRELL  |  THURSDAY, 9 AUG 2012
... campaign launched with a letter in July to the Prime Minister in which 16 parties including state chambers of commerce, a top tier legal firm, barristers, academics and the Chartered Institute of Arbitrators, expressed concern at the stance of the government ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
... of gains, though the scandal-hit bank Standard Chartered rebounded from heavy losses. London's benchmark FTSE 100 index of top companies managed to add a slight 0.08 per cent to 5,845.92 points despite the Bank of England lowering its forecast for growth ...

Market Wrap

AAP  |  THURSDAY, 9 AUG 2012
... gloomy after Standard & Poor's cut Greece's sovereign debt rating outlook to negative. London's benchmark FTSE 100 index of top companies managed to add a slight 0.08 per cent to 5,845.92 points despite the Bank of England lowering its forecast for growth ...

Super funds look to banks on social media

MELANIE TIMBRELL  |  WEDNESDAY, 8 AUG 2012
The introduction of MySuper with more streamlined investment options and fees means super funds need to up the ante in social media engagement for brand differentiation, according to one consultancy. In a study of 34 super funds representing a range ...