Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 4431 - 4440 of 6884 results for "Act2"

Republicans vote that advisers have no best interest duty

ALEX DUNNIN  |  FRIDAY, 1 NOV 2013
... stakeholders involved in pension funds and retirement products, groups it regulates under the Employee Retirement Income Security Act (ERISA). "The Department of Labor proposed a change to the definition of fiduciary under the Employee Retirement Income ...

Court dismisses case against Trio director after APRA EU

LAURA MILLAN  |  THURSDAY, 31 OCT 2013
The Federal Court has ordered legal proceedings against former trio director David Millhouse to be dismissed after the Australian Prudential Regulation Authority (APRA) accepted a voluntary enforceable undertaking from him. The regulator has banned ...

Magellan High Conviction fund 'Recommended' by Zenith

MARK SMITH  |  THURSDAY, 31 OCT 2013
The Magellan High Conviction Fund has received a 'Recommended' rating from Zenith. Managed by Hamish Douglass, the fund provides investors with a highly concentrated exposure to the international equity market. It was launched in July 2013. The fund ...

US stimulus having no direct impact

MARK SMITH  |  FRIDAY, 25 OCT 2013
Quantitative easing is having little direct impact on the market, according to Cato Institute senior fellow Dr William Poole. In a presentation at the CFA Institute Investment Conference in Melbourne yesterday the former president of the Federal Reserve ...

Problem is weak credit law, not us: ASIC

LAURA MILLAN  |  FRIDAY, 25 OCT 2013
The Australian Securities and Investment Commission (ASIC) claimed that it had limited jurisdiction over the credit industry in its final submission to the Senate inquiry. In its final submission, ASIC focused on the reforms to the credit industry and ...

Market Wrap AM

AAP  |  FRIDAY, 25 OCT 2013
The Australian market looks set to open open flat despite gains on international markets overnight. At 0812 AEDT on Friday, the December share price index futures contract was up eight points at 5,378. No major economic news is expected on Friday. In ...

We're watching you, APRA warns trustees

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
The Australian Prudential Regulation Authority (APRA) has warned superannuation fund trustees it will not tolerate inertia or complacency, in a clamp down that is sparking fears that the role of trustee is becoming a full-time job. Speaking to an audience ...

Challenger reports big boost in annuities sales

JAMES FERNYHOUGH  |  MONDAY, 21 OCT 2013
Challenger has reported a 31% boost in its life annuities sales over the last 12 months, suggesting a burgeoning demand for annuities in Australia's as-yet-underdeveloped annuities market. Challenger's life annuities sales for the September quarter ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
A former employee of the Australian Securities and Investments Commission (ASIC) has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
A former director of Trio Capital, Kurt Groeneveld has provided the prudential regulator with an enforceable undertaking excluding him from acting as a superannuation trustee for three and a half years. The Australian Prudential Regulation Authority ...