381-390 of 590 results
FoFA amendments made
The Federal Government has made the 'time critical' FoFA amendments with new regulations saying that any financial product advice provided to an employer about their default superannuation fund is a financial service provided to a retail client. ...
Superannuation and the Government's response to the FSI
The Governments response to the FSIs superannuation recommendations is as with much of the rest of the responses somewhat safe and as a result arguably disappointing As with the Inquirys recommendations it shifts from the sublime to the ridiculous ndash on the one hand it deals with the really ...
Allens advises QBE Insurance Limited on equity raising
Allens has advised QBE Insurance Group Limited in connection with their A$810 million equity raising. The equity raising comprises an A$650 million underwritten institutional share placement and a ...
Allens advises on NAB's record-breaking A$5.5 billion entitlement offer
Allens has advised Macquarie Capital (Australia) Limited, Merrill Lynch Equities (Australia) Limited and Morgan Stanley Australia Securities Limited as the joint lead managers and underwriters of ...
Allens advises Bendigo and Adelaide Bank on strategic partnership with Equity Trustees
Allens has advised Bendigo and Adelaide Bank on a strategic partnership with Equity Trustees involving the sale of its Estates business. The strategic partnership also includes a five-year referral ...
Penalties: The final word
The High Court decision in Paciocco v Australia and New Zealand Banking Group Limited, provides welcome clarity on the application of the 'penalties rule' implicating a broad range of sectors. ...
Financial advice and fees - ASIC reports
ASIC released its report Financial advice Fees for no service today It says that there has been a systemic failure by advice licensees within some of the major banks and AMP to provide ongoing advice in return for ongoing fees The report relates chiefly to arrangements between licensees and clients ...
Productivity Commission's report on superannuation - an odd mix of recommendations
The Productivity Commission's report on superannuation has provided an odd mix of reccomendations ranging from uncontroversial to outright bizarre, Senior Regulatory Counsel Michael Mathieson writes. ...
ASIC consultation on fees and costs disclosure reform following expert review
Its been a long five years or so of amendments to and consultation on the fees and costs disclosure regime for superannuation and managed investments products And industry might be forgiven for feeling a sense of dj vu with the release earlier this year of ASICs consultation paper on the regime ...
What does the Government's response to the FSI mean for banks?
The short answer is it depends on which kind of bank you are The Financial System Inquirys final report and the Governments response mean a lot for ANZ CBA NAB and Westpac particularly given their significant residential mortgage portfolios They also mean a lot for Macquarie As for the rest of the ...