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| | | The life insurance industry needs more 'wise old heads' to provide an historical perspective and avoid falling into the same traps, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Laughlin said that ... |
| | | | The Financial Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by ... |
| | | | ... going through the motions and reducing the best interests duty to a mechanical checklist." However, financial services lawyer Mark Halsey, principal of Halsey Legal Services, has disputed this, saying the member best interest test is already enshrined ... |
| | | | More than half of all complaints made to the Superannuation Complaints Tribunal in the December quarter related to death and disability insurance claims. Death benefit disputes made up 32.2% of complaints, while disability related disputes, including ... |
| | | | The Australian Taxation Office (ATO) is rising to the challenge of efficiently regulating the self-managed superannuation sector, according to Challenger's chairman of retirement income Jeremy Cooper. Cooper said that, contrary to perceptions that it ... |
| | | | ... collection statements should be added when collecting information, be it face-to-face or by telephone," The Fold Legal senior lawyer Lesley Thorne said. "Privacy policies should also be updated and placed on advisers' websites," she says. Advisers must ... |
| | | | The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold ... |
| | | | The current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen. "I've heard the words 'perfect storm' bandied around ... |
| | | | ... advisers or accountants prepare deeds, they need to make sure that they are "high quality, that the original is put with the lawyer in safe custody, the accountant has one, client another and that there are plenty of scanned copies." |
| | | | ... 2013 National Conference in Perth this week. Speaking at the opening plenary session, international celebrity human rights lawyer Geoffrey Robertson put responsible, ethical investment at the heart of his address. Speaking about the United Nations Principles ... |
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