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Showing 5591 - 5600 of 6884 results for "Act2"

CPRS chaos poses big risks for fin services

ALEX DUNNIN  |  FRIDAY, 27 NOV 2009
The Liberal Party political implosion, if it leads to a double dissolution election, is not just about the Carbon Pollution Reduction Scheme but could also change the course of financial services reforms. A double dissolution election could lead to ...

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 ...

Libs reject planner commissions ban

MICHAEL HOBBS  |  FRIDAY, 20 NOV 2009
Joe Hockey, shadow treasurer, said the Liberal Party does not agree with banning commissions, arguing that mandating planners to have a fiduciary obligation towards their clients takes away the need for planner remuneration reforms. Speaking at the ...

FPA calls for whistleblowers and more planner education

MICHAEL HOBBS  |  THURSDAY, 19 NOV 2009
The Financial Planning Association of Australia (FPA) has set up a whistleblowing service and has flagged tougher educational requirements for people who want to become financial planners. Julie Berry, chair at FPA, said the FPA Confidential is an online ...

Planners should be fiduciaries: IFSA

ALEX DUNNIN  |  THURSDAY, 19 NOV 2009
IFSA chief executive John Brogden said financial planners should have fiduciary responsibilities to always act in their clients' best interests, regardless of how they are remunerated. Speaking during a major interview on ABC's Business Lateline last ...

Coalition against commissions

RUTH LIEW  |  WEDNESDAY, 18 NOV 2009
A coalition of industry bodies, including CHOICE, Industry Super Network and the Australian Council of Trade Unions, has launched a national advertising campaign targeting regulatory reform that abolishes commission-based remuneration for planners. ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 NOV 2009
Australian shares may open higher on Wednesday after the prices of crude oil and copper gained overnight, while a report showed inflation was unlikely to be a problem. Wall Street equity indices were flat. At 0748 AEDT on the Sydney Futures Exchange ...

ASIC outlines credit agency requirements

COMPANY RELEASE  |  FRIDAY, 13 NOV 2009
Local credit rating agencies must hold an Australian Financial Services (AFS) licence, properly manage conflicts of interest that arise and ensure employees are adequately trained from January next year following regulatory changes. The Australian Securities ...

Super funds need to reset agenda: Cooper

RUTH LIEW  |  FRIDAY, 13 NOV 2009
Super funds must take control of their priorities and purpose - and address the current "funds management mentality" that prevails in the industry, said Jeremy Cooper, chair of the Superannuation Systems Review. Cooper posed the question of whether ...