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Showing 4361 - 4370 of 6884 results for "Act2"

FPA slams detractors of best interest amendment

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
The Financial Planning Association (FPA) has stated that "consumers have nothing to fear from the proposed amendments" that will remove a sub-section of the Future of Financial Advice (FoFA) legislation referring to the best interest duty. "We are witnessing ...

CBA posts $4.27bn half year profit

AAP & ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
Commonwealth Bank (CBA) has posted a $4.27 billion half year profit, up 14% on the previous year, helped along by strong growth in the wealth management division. The group's wealth management earnings as average funds under administration (FUA) grew ...

Market Wrap

AAP  |  TUESDAY, 11 FEB 2014
The Australian share market has opened slightly weaker after the loss of manufacturing jobs and mixed earnings reports impacted investor confidence. Australian shares did not follow strong leads from Wall Street as investors took their cues from local ...

ASIC extends short PDS relief

LAURA MILLAN  |  TUESDAY, 11 FEB 2014
The Australian Securities and Investments Commission (ASIC) has extended interim class order relief from the shorter product disclosure statement (PDS) regime for multi-funds, superannuation platforms and hedge funds. A class order has extended the ...

Emulation funds slash performance as well as cost

MARK SMITH  |  TUESDAY, 11 FEB 2014
The Capital Markets Cooperative Research Centre (CMCRC) has found little evidence that 'emulation funds', designed to cut trading costs in multi-manager portfolios, outperform the funds they track before fees and taxes. Emulation funds are designed ...

Regulation holding financial services back: Brogden

MARK SMITH  |  TUESDAY, 11 FEB 2014
Financial Services Council (FSC) chief executive John Brogden has blamed "out-dated" regulation and taxation for Australia's failure to effectively export its financial services business. In the FSC's Budget submission, Brogden pointed out that at 8.7% ...

FoFA changes must go before parliament: Collins

JAMES FERNYHOUGH  |  MONDAY, 10 FEB 2014
The government's proposed changes to the Future of Financial Advice (FoFA) reforms must be debated as legislation in Parliament, according to Industry Super Australia (ISA) chair and former NSW Liberal leader Peter Collins. The government is currently ...

Compensation opposed for SMSFs: SPAA

HARRY PAGE  |  FRIDAY, 7 FEB 2014
The SMSFs Professionals' Association of Australia (SPAA) has supported the government's stance to oppose any form of compensation scheme for self-managed superannuation funds (SMSFs). In response to a statement made by the Assistant Treasurer Arthur ...

Subjected to interpretation

BENJAMIN ONG  |  FRIDAY, 7 FEB 2014
Well, well, well, looks like someone - nay, many, many ones - woke up on the right side of the bed this morning. Well... yesterday morning to be precise, as I refer to the stock market action on Wall Street and in Europe and in emerging markets. It's ...

Market Wrap AM

AAP  |  FRIDAY, 7 FEB 2014
The Australian market looks set to open higher following strong gains on Wall Street ahead of a much-watched US labour market report and amid mixed trade and labour data. At 0901 AEDT on Friday, the March share price index futures contract was up 37 ...