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Showing 6191 - 6200 of 10709 results for "May 1997"

FoFA changes no threat to best interest duty: lawyer

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Financial Services Council (FSC) has obtained legal advice arguing that the proposed amendments to the Future of Financial Advice (FoFA) reforms will not compromise the best interests duties of advisers to their clients. The advice, provided by ...

Dealer group Infocus buys MLC shares, becomes independent

ALICE URIBE  |  WEDNESDAY, 19 MAR 2014
Dealer group Infocus Wealth Management's (Infocus) existing shareholders have bought back MLC's share of the business and will now become fully independently owned. Bucking rumours that the group was looking for an institutional parent, Infocus has ...

Advisers have to act in client's best interests: PM

ALEX DUNNIN  |  TUESDAY, 18 MAR 2014
Prime Minister Tony Abbott has echoed claims that regardless of what the government does to the Future of Financial Advice (FoFA) legislation that financial advisers will still have undefined best interests obligations. Speaking at Parliament House ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
Self- managed superannuation fund (SMSF) administration company SuperHelp Australia (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up an SMSF. ASIC's concerns related ...

PC examines Weaven's 'inverted bid' infra model

JAMES FERNYHOUGH  |  MONDAY, 17 MAR 2014
The Productivity Commission (PC) has given qualified support to Industry Super Australia's (ISA's) 'inverted bid' model for investing in greenfield infrastructure projects in its draft report on public infrastructure. Informally known as the 'Weaven ...

BestEx enters joint venture with US trading firm

JAMES FERNYHOUGH  |  MONDAY, 17 MAR 2014
Australian outsourced trading firm BestEx has entered into a joint venture with US counterpart TORA offering global trading services to Australia-based fund managers. Under the arrangement, BestEx clients will be able to use TORA's technology and international ...

PC calls for overhaul of public infrastructure

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
The Productivity Commission (PC) has recommended a "comprehensive overhaul" of Australia's public infrastructure following the release a draft report on the topic. The report, which runs for nearly 600 pages, covers issues such as funding new projects ...

You go NZ

BENJAMIN ONG  |  THURSDAY, 13 MAR 2014
Extra! Extra! Read all about it! Extra! Wheeler has just wheeled out of the club this morning. Oh sorry, that's Reserve Bank of New Zealand Governor (RBNZ) Graeme Wheeler to us. And heavens bless his soul, else I would be stuck repeating the oh so many ...

High risk investors lose appetite for risk

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
The first quarter of 2014 has seen a marked drop in risk appetite among ordinarily high-risk investors, research from CoreData has shown. Only 19.1% of investors with high risk profiles said they were likely to invest in new equities or products in ...

IFM Investors expands Asia sales team

LAURA MILLAN  |  WEDNESDAY, 12 MAR 2014
IFM Investors has appointed a director of business development in Australia who will be reporting to the Japan-based executive director of business development. Dan Vanden Boom joins IFM investors from Morgan Stanley Investment Management and has 15 ...