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Sinodinos defends "speedy" FoFA legislationBY ALICE URIBE | FRIDAY, 31 JAN 2014 11:15AM
The Assistant Treasurer Arthur Sinodinos has denied claims that the government's plan to implement the Future of Financial Advice (FoFA) reform measures through regulations, rather than via legislation, is a way to avoid opposition scrutiny.
Read more: Assistant Treasurer Arthur Sinodinos, Australians, Financial Advice, Future, Regulatory, Bill, February 2014, Financial Services, Financial Standard, March 2014, Prime Minister Tony Abbott, Shadow Minister, Superannuation Bernie Ripoll, Sydney, Treasurer Joe Hockey
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Media Super is increasing its administration fees and insurance premiums, despite a pending merger with $60 billion industry fund Cbus.
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A newly created team, led by a former BlackRock regional executive, is boosting the international manager's presence in Australia as it launches its first pan-Asia strategy.
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The inclusion of superannuation administration fees in the Your Future, Your Super performance benchmark will not punish funds that reduced fees in recent years, according to minister for superannuation Jane Hume.
The ratings house has appointed a new chief executive, after it announced Charlie Haynes's impending departure last month.
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