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| | | ... enforcement responsibility has occurred. The report also noted ASIC should approach enforcement by starting with whether or not a court should determine the consequences of a contravention of the law. Hayne also said the corporate regulator should recognise ... |
| | | | ... recommendation, saying: "The Royal Commission has highlighted problems with clients being charged fees for services that have not been provided. This is mostly associated with clients in ongoing fee arrangements. These changes will help ensure clients ... |
| | | | A set of ideas or principles aligned to community standards resulting from the financial services Royal Commission must not be solely grafted as optional extras for better business profits, an ethics specialist believes. The Ethics Centre executive ... |
| | | | ... they are tangible unlike shares." He noted the value of gold increased by more than 260% over the past 16 years, with silver not far behind, picking up over 220% in value. "Investors have experienced good capital gains from these assets," he said. SMSF ... |
| | | | ... funds is complicated, with high tax rates and many exemptions - creating the impression our funds are highly taxed even though not much revenue is raised from the funds," FSC chief executive Sally Loane said. "Addressing Australia's complex, uncompetitive ... |
| | | | ... service. As a result, CFPL is now required to immediately stop charging or receiving ongoing service fees from customers and must not enter any new ongoing service arrangements with customers. ASIC said this requirement was included in the EU to ensure ... |
| | | | ... policy are determined by the inflation outlook. If the economy wants to grow faster than it currently is, and inflation is not showing any tendency to rise to the point where it could threaten our medium-term objective, then we would not restrict the ... |
| | | | Fund managers are warning investors not to expect the major banks to trade at the premium they've been accustomed to. And the financial services Royal Commission's final report, due today, will play its part. The major banks have experienced ... |
| | | | ... 2018. In 2014, this was about $36,935, an increase of 41.1%. Interestingly, female representation in ASX-listed companies are not far behind. Latest research from MSCI shows more women joined Australian company boards in 2018. The proportion of women ... |
| | | | Synchron director Don Trapnell is sticking by his long-held view that if risk advice and financial advice are not separated, dedicated risk advisers will exit the industry in droves. "Australians need access to both life insurance advisers and financial ... |
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