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Showing 9181 - 9190 of 18276 results for "Plan"

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said that in his own view, the regulator still regards financial advice "as the riskiest sector" ASIC regulates. Medcraft appeared this morning at a public hearing of ...

EQT hires AMP exec to target financial adviser relationships

MARK SMITH  |  TUESDAY, 18 FEB 2014
Mani Papakonstantinos has joined Equity Trustees Limited's (EQT) funds distribution business as key account manager, with responsibility for building EQT's relationships with financial advisers in Victoria and West Australia. Papakonstantinos joins ...

Challenger reports record annuities sales

JAMES FERNYHOUGH  |  TUESDAY, 18 FEB 2014
Challenger has reported "exceptionally strong" retail annuities sales in the half year up to December, rising by a record 38% to $1.46 billion. Overall Challenger's retail and institutional sales reached $1.75 billion. In the retail space, 19% of annuities ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
Assistant Treasurer Arthur Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition. Sinodinos said that the aim ...

Praemium launches SMSF functionality

STAFF WRITER  |  TUESDAY, 18 FEB 2014
Praemium is set to launch its self-managed superannuation fund (SMSF) functionality after beginning a beta trial in mid-2013. The product will allow SMSF administrators to undertake fund compliance tasks, including tax lodgement, from with Praemium's ...

FoFA reform brings general advice into the spotlight

LAURA MILLAN  |  MONDAY, 17 FEB 2014
The proposed amendment to Future of Financial Advice (FoFA) that exempts general advisers from conflicted remuneration could see a return to commissions according to the Opposition, despite some industry bodies arguing that these claims are "misconceived." ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... same tax regime as other post-retirement income products. The submission referred to Assistant Treasurer Arthur Sinodinos' plan to conduct a broad review into the regulation of retirement income which he announced in December last year. As yet he has ...

Aged care likely to cost more after July 1

LAURA MILLAN  |  MONDAY, 17 FEB 2014
Aged care is likely to get more expensive from July 1, 2014, with the introduction of legislation that will calculate fees through assets and income, rather than income alone. "Each case is different and you need to look at the individual circumstances ...

Lawyer questions legality of FoFA amendments

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
The government's proposed amendments to the Future of Financial Advice (FoFA) reforms could be deemed legally "invalid" and "susceptible to challenge in the courts" if they are pushed through via regulatory change rather than legislation, law firm Arnold ...

Certified financial planners report higher profitability

LAURA MILLAN  |  FRIDAY, 14 FEB 2014
... satisfaction and 56% say that having certified planners led to increased client retention. The research found that 69% of firms plan to increase the number of CFP advisers during the next 12 months. The study was conducted by independent researchers ...