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Showing 521 - 530 of 1588 results for "STOP"

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
New research from ASIC reveals what consumers really think when it comes to financial advice. The independent research, commissioned by the regulator, found that while consumers can see the value in seeking financial advice, lack of trust in the industry ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... conflicted remuneration, and said it was "disappointing, having fallen short on consumer protection." "While the new law puts a stop to financial advisers charging fees-for-no-service, it does not remove the incentive for advisers to recommend that clients ...

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
Liberal Senator Andrew Bragg has again criticised what he called a "culture war" in the superannuation sector, saying the industry should refocus its energy on members. In his speech at the Rice Warner Symposium on Monday, Bragg condemned the lack of ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... trade, reflating the global economy (including the US of A) and lifting the tide that lfits all boats. Trump's got to stop thinking that America will be top of the pops by putting others down.

Cull flat fees for small pensions: Report

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
Pension funds should stop charging flat fees on small and dormant accounts, a report produced by the United Kingdom Work and Pensions Committee recommends. The report said even if a pension fund makes a good return, a flat fee structure can completely ...

Platinum funds leak over $100m

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
Platinum Asset Management reported $108 million in net outflows in July, including $54 million net that flowed out of its trust funds during the month. Platinum now has $25.1 billion across all its funds which are focused on international equities ...

AFA, FPA slam haste in ending grandfathered commissions

KRISTI CHENG  |  FRIDAY, 2 AUG 2019
... in which he said the government's reform will "benefit retail clients as they will receive higher-quality advice and stop paying higher fees to fund grandfathered conflicted remuneration". "Grandfathered conflicted remuneration can entrench clients ...

Final nail in the coffin for grandfathered commissions

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... agreed to implement. "The government's reform will benefit retail clients, as they will receive higher quality advice and stop paying higher fees to fund grandfathered conflicted remuneration," Frydenberg and Hume said.

Spectrum Wealth representatives find new homes

ELIZABETH MCARTHUR  |  MONDAY, 29 JUL 2019
Spectrum Wealth Advisers is seeking to cancel its licence and is no longer providing financial services, with many representatives having now joined new licensees. ASIC recently advised clients of Spectrum Wealth Advisers and the advisers registered ...

ASIC clamps down on opaque active ETFs

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
The corporate regulator is set to ask ASX and Chi-X to stop admitting new active ETFs that use internal market making as it mulls a review, Financial Standard can reveal. ASIC has asked all market operators to not launch any new active ETFs with internal ...