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08 July 2014 • By Tim Stewart • 1 min read

FOS consults on $500,000 limit

Recommendations within a recent senate committee report have prompted the Financial Ombudsman Service to reassess its $500,000 jurisdictional limit

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Confusion reigns on financial advice liability

Two contradictory Federal Court judgements concerning proportionate liability have left the financial planning industry scratching its head, says a ...

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Lobbyist mudslinging follows CBA scandal

The Association of Independently Owned Financial Professionals has issued a strongly worded open letter to the FPA, criticising its response to the ...

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Smaller funds under pressure to merge

New APRA prudential standards stipulating super funds must establish rolling three- to five-year business plans could place increased pressure on ...

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Australian super system ‘half baked’

Over half of pre-retirees have inadequate superannuation savings, a new survey has found. A joint report by National Seniors Australia and ...

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Investors Mutual launches LIC

Investors Mutual has announced plans to launch its first listed investment company (LIC), QV Equities Limited (QVE). The equity fund manager said ...

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Australian ETFs hit $11.6bn

The Australian exchange-traded fund (ETF) market has grown $1.7 billion in the six months to the end of June 2014, up to a record high of $11.6 ...

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ANZ Trustees acquisition completed

Financial services company Equity Trustees has completed its acquisition of ANZ Trustees Limited for $150 million. InvestorDaily reported in April ...

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Asia Funds Passport facing ‘glaring flaw’

The Asia Region Funds Passport will never get off the ground in Australia if it is limited to unit trusts, argues Henry Davis York partner Lucinda ...

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CBA response 'too little too late'

The Commonwealth Bank’s proposed actions to address fraud and misconduct within its financial planning division are “too little, too late”, says the ...

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