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Showing 81 - 90 of 98 results for "Ripoll"

CPRS chaos poses big risks for fin services

ALEX DUNNIN  |  FRIDAY, 27 NOV 2009
... less likely major changes to wealth management will be resisted. The severity of the findings released this week in the Ripoll Report suggest any resistance will already be tough to overcome. Financial services strategists will be closely watching today's ...

The downside of Ripoll

MICHELLE BALTAZAR  |  TUESDAY, 24 NOV 2009
The challenge facing financial planners in complying with the Ripoll Report's recommendation of legislating fiduciary duty is how it can be codified, said a law expert. Michael Peters, business law lecturer from the University of New South Wales, said ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
The financial planning industry's worst nightmare is about to come true with the Ripoll Report recommending advisers become fiduciaries, payments from product providers to planners should cease and that ASIC significantly step up its shadow shopping ...

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
From selling sophisticated products to retail investors to ineffective disclosure, the Ripoll Inquiry has investigated the factors that fuelled the failure of Opes Prime - and outlined what needs to be done to prevent future disasters. One of the biggest ...

Ripoll heats up sales or advice debate

RUTH LIEW  |  TUESDAY, 24 NOV 2009
Are financial planners sales professionals or do they advice clients to use products that best suit their needs? The Ripoll Inquiry has taken a serious look at where planners' allegiances lie. In fact, the Inquiry has put the spotlight on the elephant ...

Giant leap for super advice

MICHELLE BALTAZAR  |  TUESDAY, 17 NOV 2009
... commission-based fees. The new Charter took nearly a year in consultation and was ratified ahead of recommendations from the Ripoll Inquiry on the quality of financial advice following the Storm collapse, and the Cooper Review on the cost of investments ...

Aussies follow Brits pushing advice aside

COMPANY RELEASE  |  WEDNESDAY, 30 SEP 2009
... Financial Advisors to highlight the professional work of financial planners." Guardian also made a lengthy submission to the Ripoll Inquiry last month recognising the need to work closely with regulators to 'weed out' those advisers who, through reckless ...

Ripoll to headline AFA conference

Members of the Association of Financial Advisers (AFA) will get a chance to discuss the Ripoll Inquiry with the man behind the inquiry himself, after Bernie Ripoll, chair of the Joint Parliamentary Committee on Corporations and Financial Services, agreed ...

Price of banning commissions will be high: Treasury

ALEX DUNNIN  |  THURSDAY, 27 AUG 2009
... be advice becoming too expensive, and the advice industry becoming unsustainable, said Treasury in its submission to the Ripoll Inquiry. "Such a ban would eliminate a source of conflicts of interest, or perceived conflicts of interest. The approach better ...