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31 July 2014 • By • 1 min read

Financial advice licensee enters EU

ASIC has accepted an enforceable undertaking (EU) from Adelaide-based licensee PGW Financial services over deficiencies in its advice to clients and ...

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Murray urged to overhaul disclosure regime

With the shorter PDS regime widely judged to have failed, David Murray has made a compelling case for a ‘layered’ approach to disclosure, says Henry ...

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Fund managers failing 'persistency' test

Fewer than four per cent of managed funds consistently remained in the top performance quartile between March 2012 and March 2014, according to ...

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SMSF property gearing will 'end in tears'

The government should consider adopting similar measures to the UK’s self-invested personal pension scheme (SIPP) to avoid 'colossal' property losses, ...

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Lonsec lowers return targets

Research house Lonsec has rejigged its core model portfolios and strategic asset allocation to take into account weaker global investment markets

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NAB signs up to SMSF borrowing guidelines

NAB has continued to ramp up its SMSF strategy by signing up to new industry guidelines on limited recourse borrowing arrangements (LRBAs)

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Business confidence falls in June

Business confidence among Australia’s largest firms deteriorated sharply in June, with businesses reacting to a subdued domestic outlook, according to ...

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ME Bank appoints chief risk officer

ME Bank has appointed Carlo Cataldo as chief risk officer as part of its plans to capitalise on the new comprehensive credit reporting (CCR) regime in ...

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Gonski hails end to ‘closed off boardrooms’

In launching the Governance Institute’s new guidelines for ASX-listed company engagement with institutional investors, ANZ chair David Gonski has ...

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Australia to be hit hard by next global downturn

The next global downturn will have a much greater impact on Australia than the last due to a significant deterioration in the nation’s fiscal ...

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