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Showing 601 - 610 of 621 results for "Discretionary"

AFS licensees given notice on MDA authorisations

Australian financial services (AFS) licensees were reminded on Thursday applications for managed discretionary account (MDA) authorisations needed to be in no later than 10 December 2004. The Australian Securities and Investments Commission (ASIC) said ...

Competition leaving little room for bank fee hikes, says Westpac

... categoric, but competitive intensity is major (factor) out there and there's not a lot of capacity to lift fees in a discretionary manner." Westpac last week reported a record net profit for the first half of 2004 and announced an off market buyback ...

Advance Asset announces investment product upgrade, new alliances

AAP  |  WEDNESDAY, 28 APR 2004
... the manager" business model. Its Advance Alliance investment suite will now offer 20 investment options, with 10 discretionary funds and 10 multi-blend funds which between them include sector-specific options and high growth options, through to defensive ...

Safer superannuation savings: Coonan

AAP  |  THURSDAY, 1 APR 2004
... per cent compensation to victims of superannuation fraud or theft. Senator Coonan said she had the power to make discretionary decisions about such cases and had done so on 802 occasions. Under the new laws, trustees of superannuation funds regulated ...

ASIC bans Darling Point financial adviser

... breach of the Corporations Act. ASIC established that Mr Lloyd-Cocks assisted AIF in requiring its clients to sign discretionary authorities allowing AIF to conduct transactions without reference to the clients. In addition, Mr Lloyd-Cocks assisted AIF ...

Victorian securities dealer banned:ASIC

... Smith-Barney terminated Mr Kwong's employment in May 2003, when it became aware that Mr Kwong had been conducting discretionary trading in shares and options on two client accounts in breach of the Smith-Barney compliance guidelines. Smith-Barney reported ...

Shares expected to post solid returns in the coming year: Oliver

... The worst performing sectors were telecommunications services (down 5%), pulled lower by Telstra, and the consumer discretionary sector (down 5%) dragged down by News Corporations. Dr Oliver said listed property trusts (LPTs) returned negative 2.8% in ...

ASIC provides additional guidance for FSR relief applicants

... reform (FSR) regime. This additional guidance is provided in amendments to ASIC Policy Statement 167: Licensing: Discretionary powers and transition [PS 167] and Policy Statement 169: Disclosure: Discretionary powers and transition [PS 169], ASIC said. ...

ASIC releases new policy on takeover relief

... Corporations Act while maintaining the principles behind takeover regulation. Policy Statement 159 titled Takeovers: Discretionary Powers was developed following comments from takeover market participants on policy proposals released in February. The ...

Cbus launches financial education initiative

... financial planers and advisers. "Most workers struggle to live with a reasonable level of comfort and have little discretionary income left," Mr Combet said. "So financial planners, who are mostly commission based, have little interest in assisting them." ...