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Showing 5941 - 5950 of 10706 results for "May 2012"

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 ...

All about the slack

BENJAMIN ONG  |  THURSDAY, 7 AUG 2014
..."but I get up again, you're never gonna keep me down" (continued from yesterday's blurb). Small and almost flat they may be, but gains in the major indices were enough to take Wall Street up again after getting knocked down the previous day through ...

Market Wrap AM

AAP  |  THURSDAY, 7 AUG 2014
The Australian market looks set to open lower after Wall Street closed little changed. At 0803 AEST on Thursday, the September share price index futures contract was down eight points at 5,450. Locally, in economic news on Thursday, The Australian Bureau ...

NGS launches income-focused retirement product

JAMES FERNYHOUGH  |  TUESDAY, 5 AUG 2014
NGS Super has launched a new retirement income product which balances "a combination of capital growth and income return." The new product, called the 'Income Generator', has a growth-to-defensive asset allocation ratio of 56% to 44%. It aims to achieve ...