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Showing 71 - 80 of 362 results for "IFS"

TFN should be member ID: Cooper

MICHAEL HOBBS  |  MONDAY, 5 JUL 2010
The Cooper Review has recommended tax file numbers (TFNs) become the primary super fund member identifier to improve member processing and make it easier for them to switch funds. The set of reforms called "SuperStream" is designed to improve back office ...

APRA dictates investment option labels

MICHAEL HOBBS  |  WEDNESDAY, 30 JUN 2010
The prudential regulator has drawn a line in the sand on how super fund investment options are to be labelled and announced it will introduce risk-based criterion for how diversified investment options will in the future be categorised. The move kills ...

Govt provides flexibility on fee for service

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
The government is not mandating financial planners use one remuneration structure over another as it consults with the financial services industry on the Future of Financial Advice reforms. Speaking in parliament last week, Chris Bowen, minister for ...

Raising SG must remain despite RSPT outcome: Brogden

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
The Investment & Financial Services (IFSA) is calling on the government to commit to increasing the superannuation guarantee (SG) to 12 per cent regardless of the outcome of the Resource Super Profits Tax (RSPT) negotiations. Speaking at an IFSA member ...

IFSA rebrands to the Financial Services Council

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
The Investment & Financial Services Association (IFSA) is changing its name to the Financial Services Council, signalling a move to broaden its reach and influence. The peak body represents retail and wholesale funds management institutions spanning ...

AIST alerts regulator on misleading campaign against super

MICHELLE BALTAZAR  |  FRIDAY, 18 JUN 2010
Superannuation body AIST rejects ad campaigns from mining groups claiming the proposed resources super profit tax (RSPT) will hurt retirement savings - and calls on ASIC to look into these "irresponsible" and "misleading" claims. AIST wants to alert ...

Fund fees not coming down: Cooper

MICHELLE BALTAZAR  |  THURSDAY, 27 MAY 2010
Super System Review chair Jeremy Cooper said market forces in super aren't enough to drive the best outcome for members, arguing that contrary to industry claims, fund fees have gone up, not down, in the past decade. In his speech at the Committee for ...

New performance reporting standards for retail funds

ALEX DUNNIN  |  WEDNESDAY, 26 MAY 2010
The Investment and Financial Services Association is implementing a new investment reporting format that will require retail super funds to revert back to performance figures gross of any ongoing and advice fees. The objective is to facilitate comparability ...

Govt to inject $25m into 'best practice' regulation

MICHELLE BALTAZAR  |  WEDNESDAY, 12 MAY 2010
The government will pump up to $25 million over four years into a new centre that will teach and train the next generation of financial regulators in Australia while building ties with the regulatory powers-that-be in Asia. Speaking at a post-Budget ...

PM repeats calls to make Australia a fin services hub

At an industry forum yesterday, the Prime Minister Kevin Rudd talks about the next wave of superannuation reforms and the critical role the financial services sector play in the national economy. He said the reforms are the most significant set of reforms ...