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Showing 6311 - 6320 of 10557 results for "BEI"

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
The Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC) has heard that the Commonwealth Bank (CBA) promoted financial planner Don Nguyen, despite allegations of fraud. Speaking at the inquiry Commonwealth ...

SMSFs need no more regulation: Treasury

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The self-managed superannuation fund (SMSF) industry does not need to be prudentially regulated, Treasury has argued in its submission to the Financial System Inquiry. It said that a major attraction of SMSFs was the light-touch regulation, providing ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...

Advisers under threat from robot replacements

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
The financial advice profession is likely to disappear and planners could be replaced by robots. That is the finding of a new study which reveals that machines could easily provide financial advice to consumers thanks to complex algorithms. Financial ...

ASIC should regulate SMSFs as a financial product: PwC

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
PricewaterhouseCoopers (PwC) has recommended that individual self-managed super funds (SMSF) should be treated as a financial product regulated by the Australian Securities and Investments Commission (ASIC). In a submission to the Financial System Inquiry ...

NGS Super lifts premiums for older members

JAMES FERNYHOUGH  |  WEDNESDAY, 9 APR 2014
NGS Super has unveiled the design of its new insurance offering, provided by the fund's existing group insurer CommInsure, to be launched on 1 July this year. The new deal involves significantly higher premiums and lower total and permanent disability ...

Market Wrap AM

AAP  |  WEDNESDAY, 9 APR 2014
The Australian share market is set for a positive start to trade, after a slight recovery in technology stocks pushed Wall Street higher. At 0750 AEST on Wednesday, the June share price index futures contract was up 24 points at 5,428. In economic news ...

Reduce corporate tax rate, says Macquarie

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
The corporation tax rate should be reduced to 25% if Australia wants to become a regional financial services hub, Macquarie Group has argued. In its submission to the Financial Services Inquiry, the bank argued that Australia's current corporation tax ...

National Seniors asks Inquiry to deliver "top quality" advice

MARK SMITH  |  TUESDAY, 8 APR 2014
National Seniors has called on the Financial System Inquiry (FSI) to consider ways in which Australia can deliver "top quality, independent financial advice." In its submission, the over-50s consumer lobby urges the Inquiry to consider the government's ...

AstuteWheel launch estate planning tool

LAURA MILLAN  |  MONDAY, 7 APR 2014
AstuteWheel have launched an estate planning tool that helps advisers gather their clients' information before they meet with the solicitor. "Usually clients don't know where to start when it comes to estate planning and unless the adviser knows how ...