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01 April 2014 • By Tim Stewart • 1 min read

NZ FUM up 21 per cent in 2013

The New Zealand retail managed funds sector grew by 21 per cent in the 2013 calendar year, according to Plan For Life research. The increase ...

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ASIC planning FOFA enforcement

ASIC is currently considering a "range of matters" for enforcement including "some that involve potential breaches of the new FOFA laws", says ASIC ...

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BT to roll out advice licensee fees

With the grandfathering of volume rebates for existing arrangements set to end on 1 July 2014, BT is gearing up to roll out a range of new advice fees ...

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Catch-all will create 'unnecessary uncertainty'

The 'catch-all' provision of the best interests duty creates "unnecessary uncertainty" with advisers left guessing what parliament could have meant by ...

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Treasurer proposes infrastructure asset recycling

State and territory treasurers have endorsed Treasurer Joe Hockey’s proposal to provide incentives to states and territories for recycling proceeds ...

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Towers Watson paints bleak picture for retirees

A large proportion of Australians are unlikely to have sufficient income during retirement, according to a survey conducted by the University of ...

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Westpac records highest cross-sell

Westpac Group is leading the big four banks in the cross-sale of its wealth management products to its traditional banking customers, according to a ...

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ASIC in ‘unusual territory’ on FOFA

The government’s decision to ‘pause’ the FOFA amendment process has placed the corporate regulator in an awkward position, according to financial ...

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FSC calls for tax incentives for life insurance

The Financial Services Council (FSC) is set to release figures that will show what the federal government would save by providing tax benefits for ...

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Planning and accounting bodies team up

The Association of Independently Owned Financial Professionals (AIOFP) has entered into a strategic alliance with the National Tax and Accountants’ ...

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