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05 May 2014 • By Tim Stewart • 1 min read

Extend general advice exemption: Minter Ellison

The carve-out of general advice from the conflicted remuneration rules should be extended beyond employees of the product issuer, according to legal ...

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ISA backs Murray’s focus on ‘moral hazard’

Industry Super Australia (ISA) has welcomed David Murray’s confirmation that the ‘moral hazard’ of bank bailouts will be one of the key themes of the ...

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NAB Wealth compensates Navigator users

NAB Wealth has identified a system error indicating Navigator platform customers were incorrectly compensated following a series of investment income ...

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Financial services profit boosts Macquarie result

In its full-year result, Macquarie Group has delivered a net profit of $260 million across its banking and financial services arm, a seven per cent ...

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FSC backs increased preservation age

The Financial Services Council has endorsed the Commission of Audit’s recommendation to reduce the gap between the preservation age and the age ...

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CommInsure responds to SIS Act changes

CommInsure has announced a series of product changes in response to upcoming changes to insurance in superannuation. Speaking at a media briefing ...

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Murray to lift lid on 'unhealthy' competition

The Financial System Inquiry (FSI) will look at concentrations of competition within financial supply lines that “may not be healthy and may influence ...

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Lawyer assuages MDA regulation concerns

Financial services practitioners should be “fairly comfortable” operating limited managed discretionary accounts under the existing regime, according ...

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BT refutes fund manager accusations

BT Financial Group has responded to accusations made by the managing director of Sirius Fund Management regarding BT Wrap’s “lack of transparency” and ...

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ANZ posts $3.4 billion profit

ANZ statutory half-year profit has increased 15 per cent from the previous corresponding period, rising to $3.4 billion. The Australian division of ...

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