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Showing 7431 - 7440 of 10709 results for "May 2011"

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The former directors of Australian Capital Reserve, the fundraising arm of Estate Property Group, have pleaded guilty to making false or misleading statements to obtain a financial advantage. Samuel Pogson and Murray Lapham each admitted to one charge ...

Rice Warner: opt-in cost applies to advisers in regular contact

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The $11 per client cost of opt-in is based on the assumption that advisers are already in contact with clients at least once every two years, according to Rice Warner who made the calculation. The government yesterday said that the $11 per client includes ...

FOFA: Opt-in obligations, ASIC

ELISE BURGESS  |  MONDAY, 29 AUG 2011
The much anticipated proposed regulations for the financial advice industry have been announced with opt-in, the banning of commissions, new powers for ASIC and a consultation paper on the term 'financial planner' outlined in the first tranche of draft ...

FOFA: Government extends soft-dollar benefit ban to non-super risk insurance

ALISON BEVEGE  |  MONDAY, 29 AUG 2011
The Federal Government has extended its ban on soft-dollar benefits under the Future of Financial Advice draft legislation announced today. It will now include risk insurance outside of superannuation. The ban, scheduled to go live on July 1, 2012 ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
The Government's stance on the banning of commissions has proven to be a contentious issue, attracting quick responses from industry heavyweights after today's release of draft legislation of the Future of Financial Advice reforms. Despite hinting that ...

Market Wrap - Midday

AAP  |  FRIDAY, 26 AUG 2011
Australian shares were flat at noon, falling back from early gains as nervous investors await further direction from offshore. All eyes will be on US Federal Reserve chairman Ben Bernanke, who is scheduled to give a speech after the local market closes. ...

Super funds mindshift imperative

ELISE BURGESS  |  FRIDAY, 26 AUG 2011
The strength of the superannuation industry will come down to a mindshift of super funds, something that is already underway according to financial services software group, IQ Business Group. Super funds have reportedly begun moving towards a member-centric ...

ASX new CEO remains on Tabcorp board

RACHEL DAVIS  |  FRIDAY, 26 AUG 2011
ASX Limited has appointed Elmer Funke Kupper as its new managing director and chief executive but has permitted its new CEO to remain on the board of his previous employer, Tabcorp. Funke Kupper was appointed non-executive director of Tabcorp during ...

Coin toss

BENJAMIN ONG  |  FRIDAY, 26 AUG 2011
Next stop: Jackson Hole, Wyoming. Lucky we're just a few hours away from the main event for I don't think I could take the suspense much longer. All eyes - or should I say, all ears - will be on US Federal Reserve Chairman Ben Bernanke from the very ...

Market Wrap - Morning

AAP  |  FRIDAY, 26 AUG 2011
The Australian dollar was slightly lower following poor US jobs data and as the market waits for a speech from the US central bank chairman. At 0700 (AEST) on Friday, the Australian dollar was trading at 104.31 US cents, down from 104.56 cents on Thursday. ...