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| | | ... if developed market and emerging market equities return 12.1% and 13.9%, respectively, as they did in 2012.A And for reference, the world economy grew by 2.5% in 2012. The present mood and data flow in financial markets and economies make the WB's predictions ... |
| | | | ... comments echo those of ANZ Bank, which called for a national adviser exam In its submission to the Senate Economics Reference Committee inquiry into the scrutiny of financial advice. The bank said the new education framework should set standards and ... |
| | | | The Australian Securities and Investments Commission (ASIC) should be given greater powers and more money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' ... |
| | | | ... his resignation letter). The graduated regulation Murray referred to is part of this but also is his not too veiled reference to "leadership." Fees are in the firing line just as ferociously although it does seem deliciously ironic that the FSI board ... |
| | | | ... filed with the Australian Taxation Office (ATO)." However, he noted that judges often take earlier court cases as a reference to establish penalties. "In this case, the penalty is not as high as it could be, but it is right considering other cases that ... |
| | | | Advice practices licensed under AMP-owned Genesys Wealth are currently considering all options after the licensee announced yesterday that it would wind up. At the moment, 92 advice firms employing 188 advisers are licensed under Genesys, according ... |
| | | | ... FoFA" and added that "if it goes to its conclusion, all of these changes will disappear without notice whatsoever." In reference to Lambie's move, Cormann noted that "public policy is getting caught up in internal party in-fighting." Labor Senator Sam ... |
| | | | ... "There's a growing trend of younger advisers that don't want an institutional-style relationship with their clients." In reference to young advisers, Bates said: "All we have really known is advice through fees. We came in when the GFC had kicked off ... |
| | | | ... who served on the board during this time must be held accountable," First Super chief executive Bill Watson said, in reference to the financial planning scandals at CBA that prompted a Senate inquiry and forced the bank to set up a compensation program. ... |
| | | | ... Question: You have changed the Introductory Statement, which was signed off by the entire Governing Council, to include a reference value to the balance sheet. Does that mean that you now have an official balance sheet target? My second question is ... |
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