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16 July 2013 • By Tim Stewart • 1 min read

Industry receives six-month FATCA reprieve

The Australian financial services industry will have a further six months to comply with what it calls the “onerous procedures” contained within the ...

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Accountants playing the long game on referrals

With ‘traditional’ referral arrangements no longer possible under FOFA, accounting practices are instead using a ‘joint venture’ referral model with ...

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Analyst tip-offs show ASIC warning on target

A warning from the regulator for companies not to selectively disclose financial information to analysts appears to have been on the money, with new ...

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Bennelong’s new advice arm to run independently

A new national wealth management arm being created by investment and funds management group The Bennelong Group will be run independently of funds ...

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LIC profits hit by banks’ exercising options

Listed Investment Company (LIC) Djerriwarrh Investments has reported a profit drop of over $6 million for the 2013 financial year, in part due to ...

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Lapse rates hitting direct insurance

Lapse rates in direct risk insurance can be more than four times higher than for adviser-sold business in the first year, although adviser-based ...

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NAB planner loans aimed at bank-aligned channels

The financial planning banking division of NAB has outlined its preference for advisers who are backed by large, institutionally backed dealer groups

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FOFA remuneration structure benefiting listed funds

The commission-free pay structure under the Future of Financial Advice (FOFA) regime has heightened the interest in listed investment funds among ...

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Regulation costs ‘starting to hurt’: APRA survey

A wide-ranging survey of prudentially-regulated bodies shows many stakeholders believe not enough consideration is given to the costs of regulation ...

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Perception gap hindering insurance take-up

A “significant gap of perception” between what consumers expect from an insurance claim and what they value is contributing to the national ...

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