ASIC to be handed new product powers

22-Dec-2017|By Sarah Kendell

ASIC will be empowered to intervene in the distribution of financial products where they are being inappropriately sold under new draft legislation released by the government yesterday. The new powers, which the regulator has repeatedly call.. Read More

Super charter should not be legislated: FPA


The federal government’s superannuation charter should adopt a flexible public policy approach and avoid being enshrined in law, according to the FPA. The peak financial planning association made the sugge.. Read More

Eureka buys large piece of CBA dealer


Financial planning firm Eureka Financial Group has acquired a large portion of Commonwealth Bank of Australia (CBA)-owned dealer group Whittaker Macnaught. Under the deal, the firm has retained nine Whittaker Ma.. Read More

Insurance losses prompt AMP to issue guidance


Higher insurance claims and more lapses of policies in the second quarter of 2013 prompted AMP to issue an unscheduled earnings update for the first half of 2013. The company indicated it had suffered losses fo.. Read More

Threadneedle searching for high yield


Investment manager Threadneedle believes there are high-yield opportunities for the business to leverage off, despite the likelihood low yield will become a central theme over the next decade. Threadneedle fund .. Read More

Dynamic approach resonates with investors: UBS


The dynamic approach used for UBS’s Tactical Beta Funds had tracked well with investors, as they increasingly focused on costs, volatility and risks, the global asset manager said last week. The funds, lau.. Read More

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