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

Search Results

Showing 441 - 450 of 651 results for "Lawyer"

Higher education will not fix advice industry problems: Accountants

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
Mandatory education requirements for financial planners will not eliminate the problems that the financial advice sector has experienced in recent years, the Chartered Accountants Australia and New Zealand (CAANZ) said in a submission to the Financial ...

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
Australia should consider dumping retail investment product providers obligations to issue prospectuses as the quid pro-quo for continuous disclosure, a panel of leading finance industry lawyers has said. The proposal surfaced following the release ...

Maurice Blackburn mulls class action against Macquarie

LAURA MILLAN  |  MONDAY, 18 AUG 2014
... only contest that offer if they are prepared to initiate an action at the Financial Ombudsman's Service (FOS)," commercial lawyer Ben Hardwick said. He asked for a purpose-built review scheme with experts solely focused on claims against Macquarie and ...

Australia's unit trust dictum is killing the funds industry

ALEX DUNNIN  |  FRIDAY, 8 AUG 2014
If Australia wants develop its potential to be funds management player in the Asia region, government has to decide whether it's policy on how it treats international fund managers is targeted at minimising tax leakage or exporting services, growing ...

Integrate next-gen insurance policies into NDIS

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Life insurance isn't yet seen as part of the national public policy framework for solving Australia's disability and healthcare challenges but maybe it should be. That was the question posed by FSC chief economist James Bond to a panel of insurance ...

ASIC puts an end to PIS monitoring program

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
The adviser monitoring program for Professional Investment Services (PIS) has concluded with the Australian Securities and Investments Commission (ASIC) reporting "a significant improvement in its compliance and audit functions." The Centrepoint-owned ...

Federal Court judgements contradictory on adviser liability

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... has judged the cases of Seling vs. WealthSure and ABN Amro Bank vs. the Bathurst Regional Council. Halsey Legal Services lawyer Mark Halsey noted that, as a consequence, "uncertainty and confusion now surround the important topic of proportionate liability ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
Law firms working to start a class action against Commonwealth Bank's (CBA) financial planning businesses have seen a spike in the number of affected consumers willing to join the legal cause. Maurice Blackburn principal John Berrill and Shine Lawyers ...

James knows when

BENJAMIN ONG  |  FRIDAY, 27 JUN 2014
Jumpin' Jiminy Cricket Batman! The US Federal Reserve will begin to lift interest rates soon - that is, sooner than everyone in the planet expects. Bullard of bull (dropping?). Federal Reserve Bank of St. Louis President James Bullard said so in his ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
Commonwealth Bank-owned Financial Wisdom will face a class action started by Shine Lawyers for inappropriate investment advice to more than 3,000 clients. Shine Lawyers confirmed to Financial Standard that the law firm is now collecting evidence to ...