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Showing 8851 - 8860 of 18276 results for "Plan"

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
Commonwealth Bank has apologised again for the misconduct of its financial advisers that resulted in clients losing millions in retirement savings and has refuted accusations that its sales-based culture was "reckless." The bank has issued a statement ...

James knows when

BENJAMIN ONG  |  FRIDAY, 27 JUN 2014
Jumpin' Jiminy Cricket Batman! The US Federal Reserve will begin to lift interest rates soon - that is, sooner than everyone in the planet expects. Bullard of bull (dropping?). Federal Reserve Bank of St. Louis President James Bullard said so in his ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Treasury contemplates TASA relief for experienced advisers

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
Financial planners who have had six years of experience over the past eight and belong to a professional association will not have to meet the new Tax Agents Services Act 2009 (TASA) requirements for advisers, Treasury said. The government has issued ...

Health and wealth go hand in hand: Survey

MICHELLE BALTAZAR  |  THURSDAY, 26 JUN 2014
One financial adviser says helping his clients meet their financial and fitness wishlist can be the right tonic for their long-term financial ails. Senior financial planner Michal Bodi from Sydney Financial Planning is a big fan of behavioural finance. ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
Individual responsibility remains a core part of the financial services system, the Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said, ahead of the Senate report on the inquiry into the regulator. The Senate Economics ...

Banks suspected of pocketing grandfathered commissions

JAMES FERNYHOUGH  |  TUESDAY, 24 JUN 2014
Banks could be pocketing grandfathered commissions rather than passing them on to financial advisers, Industry Super Australia (ISA) has warned. ISA has called on the Australian Securities and Investments Commission (ASIC) to investigate the issue of ...

Young adviser wins first Gwen Fletcher Memorial Award

LAURA MILLAN  |  TUESDAY, 24 JUN 2014
The Financial Planning Association of Australia (FPA) has awarded a young financial adviser the inaugural Gwen Fletcher Memorial Award. Dixon Advisory financial planner Erin Shields took out the award for being the highest achieving student in last ...

IOOF appoints Perpetual exec to head Bridges

MARK SMITH  |  TUESDAY, 24 JUN 2014
IOOF-owned Bridges Financial Services has appointed Nick Langton as its chief executive officer. Langton joins Bridges from Perpetual, where he was most recently general manager of private clients. During his time with Perpetual he was also acting group ...