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Showing 6351 - 6360 of 10557 results for "BEI"

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 ...

MDA provider inks deal with Affinity and Redgum

STAFF WRITER  |  TUESDAY, 18 MAR 2014
Managed discretionary account (MDA) operator, managedaccounts.com.au has inked deals two boutique financial advisory firms to integrate the company's solution into their businesses. The deals with Sydney-based Affinity Wealth Services and Melbourne-based ...

ASFA calls for consistent global regulatory standards

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
The global pension community must work together to achieve consistent regulatory frameworks, according to Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA). Speaking at the ASFA's third Asia-Pacific Pension ...

HESTA non-committal on Transfield divestment

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
Industry super fund HESTA has given no commitment to divest from Transfield Services, following calls for it to do so from the Australian Services Union (ASU). The ASU national executive adopted the resolution on Wednesday, on the grounds that ASU members ...

J.P. Morgan launches two wholesale funds

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
J.P. Morgan has entered the Australian wholesale investor market with the launch of two funds: the JPMorgan Global Strategic Bond Fund and the JPMorgan Emerging Markets Opportunities Fund. The former is an unconstrained strategy with "a diversified ...

Onus on consumers to ask about commissions: Sinodinos

JAMES FERNYHOUGH  |  WEDNESDAY, 12 MAR 2014
Consumers must take responsibility for finding out whether their financial adviser has a conflict of interest, according to Assistant Treasurer Arthur Sinodinos. Defending the government's proposed amendments to the Future of Financial Advice (FoFA) ...

PROFILE: MetLife head of distribution Michael Gooddall

MARK SMITH  |  WEDNESDAY, 12 MAR 2014
In a financial services career spanning moreA than thirty years, Michael Goodall has held senior jobs in superannuation, financial planning and banking; but he tells Mark Smith that it was his time away from theA industry that has best helped him put ...

Bottoms up

BENJAMIN ONG  |  WEDNESDAY, 12 MAR 2014
This week, this month, this year marked the fifth anniversary since US equities bottomed on 9 March 2009. The US subprime mortgage crisis that morphed into what is now termed as the global financial crisis sparked market volatility and heightened investor ...

FoFA amendments will reduce quality of advice: lawyer

JAMES FERNYHOUGH  |  TUESDAY, 11 MAR 2014
The government's proposal to amend the best interest duty section of the Future of Financial Advice (FoFA) reforms are "inconsistent with the nature of a best interests duty" and will "reduce the overall quality of financial advice", according to legal ...