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|Financial advice and planning businesses are set to receive a boost with the extension of the Federal Government's $20,000 instant asset write off legislation passing through the Senate.|
|The Financial Services Council is launching a multi-million-dollar data project that will aggregate and distribute life insurance industry data.|
|Shadow Treasurer Chris Bowen said it is hard to argue against a case for better-performing superannuation funds as put forth by the Productivity Commission, yet the best in show approach must be careful that it doesn't dampen competition.|
|One of Australia's largest group insurers believes it should be up to individual superannuation fund trustees to determine the minimum age for providing automatic default life insurance cover.|
|The FOMC minutes revealed "participants" discussed the flattening yield curve at the June meeting - some were concerned, others tried to explain it away.|
|The US Federal Reserve projects good growth over at least the next three years yet investors are buying safety instead of risk assets. That, indeed, is a conundrum.|
|Industry Super Australia is lobbying the Federal Government to improve proposed laws that further address unpaid superannuation, a figure estimated to be about $5.9 billion as at 2015-16.|
|The Federal Government has agreed to strengthen some of ASIC's powers but has deferred acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings.|
|The Banking Executive Accountability Regime legislation was passed in the Senate yesterday.|
|A number of new measures that will dramatically impact the way consumers interact with the financial services industry have cleared both houses of parliament.|
The longstanding chief executive of Colonial First State Global Asset Management has resigned.
The executive team at a Melbourne-based global equities manager has bought out the majority stake held by its parent firm. The buyout includes a name change and new board chair.
As the winding down of Arnhem Investment Management rolls on, the portfolio manager of its Global Growth SMA is bowing out.
Self-managed super fund trustees are using multiple SMSFs to manipulate tax outcomes, Australian Taxation Office deputy commissioner superannuation James O'Halloran said in his speech to the National SMSF Conference in Melbourne.
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