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ASIC appoints new commissioner
CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
John Price has been appointed as a new ASIC commissioner on a three year term. Price has worked as a lawyer at the Australian Securities and Investments Commission (ASIC) for the past 12 years, holding a number of senior positions. He was involved in ...
CommInsure names new head of national accounts
CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
CommInsure has appointed Olivia Sarah-Le Lacheur as head of national accounts. In her new role, Sarah-Le Lacheur will manage the insurer's relationship with CBA's advice businesses and the bank itself. She will also be responsible for CommInsure's national ...
Schroders loses two analysts
CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
Standard & Poor's said its ratings on Schroders' Australian equity fund are unchanged following the resignations of two analysts. The agency said Kent Jensen is returning home to Norway while Alex Mears has decided to take a career break. "We are comfortable ...
Details still needed on opt-in: ANZ Wealth
CLAIRE MCGREAL  |  FRIDAY, 23 MAR 2012
The devil will be in the detail of the new requirements on opt-in according to ANZ Wealth, with a number of issues still to consider. The government yesterday released its amendment to the FOFA legislation relating to the controversial requirement ...
FOFA opt-in amendment in full
CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The government has moved to clarify the FOFA amendment relating to opt-in. The amendment, as seen by Financial Standard this afternoon, states: Corporations Amendment (Future of Financial Advice) Bill 2011 Schedule 1, item 10, page 8 (after line 19) ...
FSC: Government drops opt-in requirement
CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The Financial Services Council has accused the government of "walking away" from the "centrepiece" of the FOFA reforms by dropping the opt-in requirement for advisers. The FSC said it was responding to FOFA amendments tabled in parliament today, maintaining ...
Former Count boss made SPAA director
CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
Former Count Financial chief Andrew Gale has been appointed as a director on the board of the Self- Managed Super Fund Professionals' Association of Australia. Gale was managing director and chief executive of Count Financial before it was taken over ...
AFA hits out at ISN over deal allegations
CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
The AFA has weighed into the debate over allegations a deal had been struck between the FPA and Industry Super Network on opt-in and the use of the term "financial planner". National media reported this week that the Financial Planning Association (FPA) ...
PJC releases MySuper report
CLAIRE MCGREAL  |  WEDNESDAY, 21 MAR 2012
The PJC is recommending the government redraft the MySuper Bill to clarify the clause relating to large employers and the provision of tailored MySuper products. In its 102-page report released this week, the Parliamentary Joint Committee (PJC) on Corporations ...
Praemium board restructure
CLAIRE MCGREAL  |  WEDNESDAY, 21 MAR 2012
Financial portfolio administrator Praemium has made a number of changes to its board, which includes the resignation of non-executive director and former chair Don Stammer. Stammer was chair from the time the company was first listed on the ASX in July ...
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