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

Search Results

Showing 431 - 440 of 833 results for "Corporations Act"

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... over 15 years, excluding dividend payouts. Three factors have led to LIC growth. In July 2010 changes to the Corporations Act which gave greater consistency to LIC dividends Then in July 2013 FoFA legislation was passed. And SMSF sector has grown. However ...

Former MyPlanner adviser fails best interests test

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
... obligations, nor comply with the reasonable basis requirements for financial product advice provided under the Corporations Act prior to repeal. Under the EU, Allen is also prohibited from acting as a director or manager of any kind within an AFSL for ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... those plans. In its submission, NAB accepts there had been a breach or likely breach of section 912A(1)(a) of the Corporations Act with respect to plan service fees (PSFs) deducted from member accounts with no linked adviser. NAB/MLC's PSF compensation ...

Advice firm rebrands, confirms independence

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
... on a role at the Financial Ombudsman Service. Guided Wealth also restructured its business model to meet the Corporations Act definition of independent financial advice. Guided Wealth said it is extremely proud of the achievement, given there is currently ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... they engaged in misconduct and breached corporations law. Hodge recommended Aon Hewitt may have breached the Corporations Act with regards to three financial advisers moving clients to a choice product and out of a MySuper product. The advisers failed ...

Morgan Stanley amends false independence claims

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
... and commissions from product issuers in relation to the provision of financial services and advice. Under the Corporations Act, use of the word 'independent' by anybody operating a financial service business or providing financial services is prohibited ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service fees (PSF) and adviser service fees charged that rendered no ...

AIOFP slams FASEA proposals, launches petition

KARREN VERGARA  |  MONDAY, 20 AUG 2018
... Investment Advisors Australia. On August 7, the Federal Court found that Linchpin engaged in serious breaches of the Corporations Act and did not have any confidence its directors would act in the interests of the fund operated by Linchpin. The Court ...

Macquarie acquires Investa Office Fund stake

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... Management has been notified that the Investa Commercial Property Fund, in its own opinion, is not restricted by the Corporations Act from voting on any of the resolutions proposed by the Investa Office Fund in relation to a possible acquisition by Blackstone. ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... but are permitted to provide general credit advice. Financial advisers must be licensed as an adviser under the Corporations Act as well as hold an Australian credit licence (under the National Consumer Credit Protection Act) to be able to provide specific ...