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Showing 5941 - 5950 of 10709 results for "May 1997"

Administrators fined over 'free ' SMSF set up claims

STAFF WRITER  |  TUESDAY, 12 AUG 2014
The Australian Securities and Investments Commission (ASIC)A has ordered a self-managed superannuation fund (SMSF) administration service provider to pay an infringement notice penalty after claiming its service was free. Your Super Accountant has paid ...

Do not take adviser loyalty for granted: research

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
Platform providers should not take financial adviser's loyalty for granted, as new research shows that planners are exercising choice when it comes to platforms. The number of advisers using a platform due to the dealer group's preferences has fallen ...

Independent trustees fix wrong problem

ALEX DUNNIN  |  TUESDAY, 12 AUG 2014
The push for more independent super fund trustees has been spurred by flawed assumptions, reveals new research released by the McKell Institute. In the report 'The Success of Representative Governance on Superannuation Boards' the authors - professor ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
Self-managed super fund (SMSF) trustees with net assets of at least $2.5 million could be classified as wholesale investors by their financial advisers, the Australian Securities and Investments Commission (ASIC) has determined. The regulator has issued ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) has revealed the details of the new licensing conditions for its financial planning businesses after the original process to compensate victims of poor advice was found to be inconsistent. Commonwealth Financial Planning (CFPL) ...

CommInsure nabs Asteron head of underwriting

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
CommInsure has appointed Asteron Life's executive manager of risk assessment to head the Commonwealth Bank's insurance business retail advice underwriting team. John Kraszula will join the CommInsure retail advice leadership team on August 25, a Commonwealth ...

Integrate next-gen insurance policies into NDIS

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Life insurance isn't yet seen as part of the national public policy framework for solving Australia's disability and healthcare challenges but maybe it should be. That was the question posed by FSC chief economist James Bond to a panel of insurance ...

Portfolio disclosure a 'data dump' on consumers

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The proposed portfolio holdings disclosure rules amount to a "data dump" that is useless to consumers, according to Michael Gordon, group executive at Perpetual Investments. Arguing in the affirmative for the ACSA debate, 'Disclosure requirements... ...

We don't want to regulate SMSFs: APRA, ASIC

ALEX DUNNIN  |  THURSDAY, 7 AUG 2014
Australia's financial regulators do not want to oversee self managed super funds (SMSF) deliberately avoiding the question when asked at the FSC conference whether they should or would if given an opportunity to do so. "We don't want to regulate SMSFs," ...

Simplify your products, life insurers told

JAMES FERNYHOUGH  |  THURSDAY, 7 AUG 2014
The struggling life insurance industry should focus on developing simpler products if it wants to avoid a repeat of its recent woes, according to Australian Prudential Regulation Authority (APRA) member Ian Laughlin. While acknowledging the industry ...