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30 August 2013 • By Chris Kennedy and Aleks Vickovich • 1 min read

Fiduciary duty trumps vertical integration

The best interests duty under Future of Financial Advice (FOFA) changes overrides any perceived conflicts in product recommendation within vertically ...

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Takeover bid hits Equity Trustees profit

Equity Trustees’ attempted takeover of The Trust Company took a $1.16 million chunk out of the firm’s net profit after tax (NPAT) for the 2012/2013 ...

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Perpetual transformation takes hold

A three-year transformation program announced by Perpetual last year has been manifested in the group’s financial results one year on, with a big ...

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SMSF rhetoric ‘separate from reality’: Bravura

Industry rhetoric that suggests “exponential” expansion of self-managed super funds (SMSFs) does not accurately represent the growth and future of the ...

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Wilson HTM revenues down, losses up

Wilson HTM Investment Group has recorded falling revenue in its full-year results, as its securities business continues to suffer losses

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Acquisitive SFG ups debt facility

SFG Australia has added $25 million to its debt facility with St George, as it looks to make further strategic and ‘tuck in’ acquisitions

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APRA reconsiders religious charitable funds exemption

The Australian Prudential Regulation Authority (APRA) has revealed its revised proposals for the exemption order for religious charitable development ...

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YBR posts another loss as revenue grows

Yellow Brick Road (YBR) lost $6.6 million last year as it doubled its marketing expenditure and continued its expansion into the wealth management ...

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SCT uses funding to cut complaints backlog

The Superannuation Complaints Tribunal (SCT) has used its increased funding in the federal Budget to put a five-member team in place to deal with a ...

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APESB ups ethical requirements

Recent revisions to international ethical standards requirements for accountants have led to proposed increased requirements here, including a ...

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