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Showing 501 - 510 of 561 results for "CEA"

ASIC enforces AFSLs for margin lenders

ASIC RELEASE  |  TUESDAY, 2 FEB 2010
Issuers and advisers of margin lending facilities will have five months to apply for a mandatory Australian Financial Services license - or face closing shop. Existing margin lenders and advisers on margin loans must apply to ASIC for an AFSL authorisation ...

Retirement savings shortfall worsens: IFSA

COMPANY RELEASE  |  MONDAY, 1 FEB 2010
Australia's retirement savings gap has blown out from $452 billion six years ago to $695 billion, according to new research commissioned by IFSA. The latest research by IFSA undertaken by Rice Warner Actuaries showed Australians face a massive savings ...

Australians as Asians

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2009
So that's why the RBA raised interest rates...again! Australia is an Asian country.The Age reports that "a Lowy Institute poll of Chinese public opinion on world affairs, to be released today, shows Australia is accepted as an Asian nation, with an ...

Advisers want to keep commissions: research

COMPANY RELEASE  |  MONDAY, 30 NOV 2009
Nearly two thirds of financial advisers don't believe commissions should be stamped out, according to research from CoreData that polled over 200 advisers and practice principals. Following the release of the Ripoll Inquiry earlier this month, the research ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
The financial planning industry's worst nightmare is about to come true with the Ripoll Report recommending advisers become fiduciaries, payments from product providers to planners should cease and that ASIC significantly step up its shadow shopping ...

Boiling frog

BENJAMIN ONG  |  WEDNESDAY, 4 NOV 2009
Slow cooked. Is the Reserve Bank of Australia slowly boiling the Australian economy alive? I refer, of course, to the story of the 'boiling frog' - often used as an anecdote to describe the financial markets' failure to respond to significant modifications ...

Carpe Diem

BENJAMIN ONG  |  THURSDAY, 15 OCT 2009
Dow 10,000! So now...tell me...how do you put a negative spin on that? Not when Annie's tomorrow becomes today. "The sun'll come out Tomorrow Bet your bottom dollar That tomorrow There'll be sun!" Tomorrow's taken a year to come, but it has come. The ...

FBI hunts down bank fraudsters

RUTH LIEW  |  FRIDAY, 9 OCT 2009
The US has teamed up with Egypt in one of the largest crackdowns on cyber fraud - resulting in 100 people linked to an international "phishing" operation charged for trying to defraud American banks. According to a press statement from the Federal Bureau ...

IOSCO warns against structured products

ALEX DUNNIN  |  MONDAY, 3 AUG 2009
A major review into the causes of the sub-prime crisis has been released and its key message is that if fiduciaries don't understand structured products, they should not invest in them. The International Organisation of Securities Commissions has issued ...