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

Search Results

Showing 5181 - 5190 of 6266 results for "DET"

PIS in Westpoint compensation deal

ASIC RELEASE  |  TUESDAY, 15 SEP 2009
Professional Investment Services has reached an agreement with ASIC to settle a class action brought by the corporate watchdog in relation to failed Westpoint investments. The proceeding concerns a claim for compensation relating to financial advice ...

IOSCO to impose new rule on FoHFs

MICHAEL HOBBS  |  TUESDAY, 15 SEP 2009
The International Organisation of Securities Commissions (IOSCO) fund of hedge fund (FoHF) report on liquidity risk and appropriate due diligence could impact how the sector is regulated in the future, said a hedge fund expert. Following a consultation ...

Playing chicken with tyres

BENJAMIN ONG  |  TUESDAY, 15 SEP 2009
Don't look now but the debate as to what letter of the alphabet the global recovery will take - U, V or W - could all turn out to be wrong. It could be an L with the horizontal part of the letter longer and downward sloping. Trust politicians to try ...

FSA fines firm for bad advice

FSA RELEASE  |  MONDAY, 14 SEP 2009
UK-based Financial Services Authority (FSA) fined a financial advice firm $27,000 for failing to match client appetite for risk with appropriate investment products. The regulator found the Henry Neil practice advised clients to sell segments of existing ...

FOS swamped with complaints

MICHAEL HOBBS  |  MONDAY, 14 SEP 2009
The Financial Ombudsman Service (FOS) is changing how it deals with investments, life insurance and superannuation complaints to cope with rising complaint volumes, particularly in financial planning. The service noted it saw a 77 per cent increase ...

FTSE and ASFA set after-tax world alight

MICHAEL HOBBS  |  THURSDAY, 10 SEP 2009
Index provider FTSE and the Association of Superannuation Funds of Australia (ASFA) have created a series of indices that will, for the first time, compare fund manager performance on an after-tax basis, following calls from super fund trustees that ...

Identity thieves target planner clients

RUTH LIEW  |  WEDNESDAY, 9 SEP 2009
Do you save your clients' details correctly, or keep their information under lock and key? Planning firms, like many other Australian businesses, are increasingly targeted by criminals looking to steal clients' personal details. According to Crime Stoppers ...

MLC tweaks diversified funds strategy

RUTH LIEW  |  WEDNESDAY, 9 SEP 2009
MLC is rolling out a new strategic overlay to its diversified funds to capture medium-term opportunities and mitigate risk to investors' portfolios. Paul Ireland, general manager of MLC Implemented Consulting, said the firm was introducing a strategic ...

Greenback weakness not all good

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2009
A global recovery is truly underway, risk appetites are being stoked, there is no more need for flight-to-quality bids. These are the reasons used to justify the sharp depreciation in the US dollar. The greenback fell to its lowest 2009 level against ...

Trend Micro turns gatekeeper

MICHELLE BALTAZAR  |  TUESDAY, 8 SEP 2009
Financial planners and fund managers paranoid about the dangers that lurk behind social networks and "personal" surfing can now avail of a new IT solution that monitors web traffic at a granular level to prevent malicious software from sabotaging secure ...