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Publication: InvestorDaily

First reported Apr 29 2013 - Updated Apr 30 2013 - 1 reports

Australian Securities & Investments Commission

Court winds up fraudulent investment scheme

The Australian Securities and Investments Commission (ASIC) has announced it successfully applied to the Supreme Court of Queensland for three companies in the state's south east to be wound up, following an investigation into an "unlicensed and fraudulent" ... [Published InvestorDaily - Apr 29 2013]

Entities: Application-Specific Integrated Circuit, Fraud, William Fletcher, Greg Tanzer, Australian Securities & Investments Commission

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Count changes show group is on track: Lane

Platform pricing and back-office upgrades to benefit members Significant changes to the Count Financial business are another step in the group's path to winning over and winning back members, as a number of recent acquisitions highlight, says chief executive ... [Published InvestorDaily - Apr 29 2013]

Entities: David Lane, Count Financial Ltd, Custom Solutions, Volatility

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Australian Prudential Regulation Authority

'Dubious' Trio response won't stop further fraud

Despite the government's belated response to the Trio Capital/Astarra fraud, further incidents are all but certain to occur, Tria Investment Partners has said.Tria managing partner Andrew Baker in his monthly Trialogue update described the government's ... [Published InvestorDaily - Apr 29 2013]

Entities: Andrew Baker, Fraud, Trio Capital Ltd, John Hempton, Australian Prudential Regulation Authority

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

FPA flags adviser concerns in wake of Trio response

The Financial Planning Association (FPA) has raised concerns for "already struggling" financial advisers in relation to the government responses to the Richard St John report.Mark Rantall, chief executive officer of the FPA, said that while the government ... [Published InvestorDaily - Apr 29 2013]

Entities: Richard St John, Encumbrance, AdvICE™, Tsunami

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Countplus acquisition model boosts succession planning

Part ownership is better model for accounting space A new acquisition strategy outlined yesterday by Countplus will also make it easier for up and coming advisers and accountants to buy into the industry, according to Countplus chairman Barry Lambert ... [Published InvestorDaily - Apr 29 2013]

Entities: Countplus Ltd, Succession, Acquisition

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Government approves variations to APX licence

The government has approved a number of changes to the Asia Pacific Exchange (APX) that will permit the APX to commence operating in Australia.Minister for Financial Services and Superannuation Bill Shorten and Parliamentary Secretary to the Treasurer ... [Published InvestorDaily - Apr 29 2013]

Entities: Bill Shorten, Bernie Ripoll, Australia, Australian Securities & Investments Commission, Application-Specific Integrated Circuit

First reported Apr 28 2013 - Updated Apr 29 2013 - 1 reports

Insurers growing more optimistic

GSAM survey finds insurers more open to investment risk Insurers are willing to take on more portfolio risk than they were last year, according to a recent survey of leading chief investment officers (CIOs) and chief financial officers (CFOs) of the insurance ... [Published InvestorDaily - Apr 28 2013]

Entities: Michael Siegel, Equity Market, Total Return

First reported Apr 28 2013 - Updated Apr 29 2013 - 1 reports

Coalition blasts Trio delay

The government has shown "a troubling lack of urgency and engagement" on the Trio collapse, Shadow Minister for Financial Services and Superannuation Matthias Cormann has stated.The comments were in response to Minister for Financial Services and Superannuation ... [Published InvestorDaily - Apr 28 2013]

Entities: Richard St John, Bill Shorten, Coalition, Application-Specific Integrated Circuit

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

Bonuses still prevalent in financial product space

Bonuses are holding up for financial services product development specialists, although salaries have plateaued over the past three years, according to a survey by Parity Consulting.Other key findings of the group's Product Management Salary Survey were ... [Published InvestorDaily - Apr 28 2013]

Entities: Retail Banking, Product Management, AdvICE™

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

FOS pinpoints five new systemic issues

The Financial Ombudsman Service (FOS) has identified five new systemic issues in its Autumn 2013 Circular.Under its terms of reference, FOS is obliged to identify, resolve and report issues that "will have an effect on people beyond the parties to a ... [Published InvestorDaily - Apr 28 2013]

Entities: Financial Ombudsman Service, Application-Specific Integrated Circuit, Consumer Credit, Terms of Reference

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

More to managing conflicts than disclosure

Past practice won't 'cut the mustard' under FOFA Basing Future of Financial Advice (FOFA) compliance around past practices is fraught with danger, Clayton Utz partner Randal Dennings has said.When it comes to the conflicts priority rule - the requirement ... [Published InvestorDaily - Apr 28 2013]

Entities: Clayton Utz, Application-Specific Integrated Circuit, AdvICE™

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

Investors blur lines between passive and active strategies

Investors are blurring the lines between passive and active strategies when using alternative indexes, research from Northern Trust has found.In its new white paper entitled The New Active Decision in Beta Management, Northern Trust found asset owners ... [Published InvestorDaily - Apr 28 2013]

Entities: Northern Trust Corporation, Allotment, Index

Quotes

"It is something that these member's firms we've been working with are telling us - they are convinced their clients will pick these documents up in the middle of the year and use them as reference points, which is a spectacular outcome. We're going to roll that out on July 1, concurrent with FOFA."

Count changes show group is on track: Lane [Published InvestorDaily - Apr 29 2013]

"For me, this is not being taken very seriously, and it certainly won't dissuade any self-respecting fraudster" Mr Baker concluded

'Dubious' Trio response won't stop further fraud [Published InvestorDaily - Apr 29 2013]

"The problem is that the only, and the easiest, source of compensation for consumers is through the financial adviser."

FPA flags adviser concerns in wake of Trio response [Published InvestorDaily - Apr 29 2013]

More Content

All (78) | News (78) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)

sort by: Date \| Relevance
Count changes show group is on track: Lane [Published InvestorDaily - Apr 29 2013]
'Dubious' Trio response won't stop further fraud [Published InvestorDaily - Apr 29 2013]
FPA flags adviser concerns in wake of Trio resp... [Published InvestorDaily - Apr 29 2013]
Countplus acquisition model boosts succession p... [Published InvestorDaily - Apr 29 2013]
Court winds up fraudulent investment scheme [Published InvestorDaily - Apr 29 2013]
Government approves variations to APX licence [Published InvestorDaily - Apr 29 2013]
FOS pinpoints five new systemic issues [Published InvestorDaily - Apr 28 2013]
Bonuses still prevalent in financial product space [Published InvestorDaily - Apr 28 2013]
Insurers growing more optimistic [Published InvestorDaily - Apr 28 2013]
More to managing conflicts than disclosure [Published InvestorDaily - Apr 28 2013]
Investors blur lines between passive and active... [Published InvestorDaily - Apr 28 2013]
Coalition blasts Trio delay [Published InvestorDaily - Apr 28 2013]
Presima wins MLC mandate [Published InvestorDaily - Apr 25 2013]
Generation Healthcare REIT expands into NSW [Published InvestorDaily - Apr 25 2013]
First direct US client for GBST platform [Published InvestorDaily - Apr 25 2013]
Advisers to divide into three streams [Published InvestorDaily - Apr 25 2013]
ASIC proposes fixed quarterly fee for cost reco... [Published InvestorDaily - Apr 25 2013]
Kell replaces Gibson as ASIC deputy chair [Published InvestorDaily - Apr 25 2013]
Complaints to FOS down 12 per cent in fourth qu... [Published InvestorDaily - Apr 25 2013]
US property tax changes to tempt Australian sup... [Published InvestorDaily - Apr 25 2013]
EQT appoints interim CIO [Published InvestorDaily - Apr 25 2013]
Industry needs to take 'next step' with ESG [Published InvestorDaily - Apr 25 2013]
ASIC tars all MDAs with the same brush [Published InvestorDaily - Apr 23 2013]
Russell hunts for institutional head after rest... [Published InvestorDaily - Apr 23 2013]
EQT takes 'reasonable' offer to Trust Company s... [Published InvestorDaily - Apr 23 2013]
Management debate holding back ETFs [Published InvestorDaily - Apr 23 2013]
Financial Synergy meets SuperStream software re... [Published InvestorDaily - Apr 23 2013]
BNP to enhance custodial engagement with clients [Published InvestorDaily - Apr 23 2013]
ASIC steps up litigation funding guidance [Published InvestorDaily - Apr 22 2013]
Super fund market to reach pre-GFC level [Published InvestorDaily - Apr 22 2013]

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