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Showing 10111 - 10120 of 10713 results for "May 2011"

APRA warns super funds over choice advertising

The Australian Prudential Regulation Authority has written to superannuation trustees warning them that some advertising and marketing campaigns before the introduction of choice may breach the sole purpose test and a trustee's duty to members. The ...

Tower to make amends for account balance errors

Tower Superannuation (Tower Super) has given ASIC an enforceable undertaking to correct errors pertaining to the members' account balances for the Tower Superb Master Trust (Superb). The errors arose from an administrative mistake by Superb's fund administrator ...

Award Agreements could prevent choice of fund

Speaking at a recent Clayton Utz forum, workplace relations specialist Michael Byrnes signalled the advent of choice could some bring on some testing industrial relations scenarios where Australian Award Agreements (AWAs) may preclude groups of employees ...

Tricom offers funds to retail market

Wholesale boutique investment manager Tricom Investment Management will move into offering investments for retail investors with two funds using absolute return strategies. Tricom will offer the two funds, the Tricom Trust and the Elysian Fund, to advisers ...

AFS licensees behind the eight ball with account lodgement

Almost 15 per cent of Australian financial services (AFS) licensees are overdue with lodging their 2004 annual accounts and auditor reports with the Australian Securities and Investments Commission (ASIC). The 618 licensees with overdue accounts were ...

Fincorp feels ASIC's displeasure

Financial watchdog ASIC has filed proceedings in the NSW Supreme Court against the heavily publicized Fincorp Investments. ASIC is alleging that Fincorp offered securities under a replacement prospectus, which contained misleading or deceptive statements ...

Clarification: Former Sanford head banned by ASIC

In yesterday's newsletter it was reported that Dr Goh was also known as Stephen Goh. This is not correct with the actual relationship between the two being father and son. Stephen Goh was involved with Sanford Limited at a later date than Dr Goh and ...

Former Sanford head banned by ASIC

The former founder and managing director Dr Bean San Goh of Sanford Securities has been banned from providing financial services in relation to securities for five years by the Australian Securities and Investments Commission (ASIC). Dr Goh was banned ...

Mercer proposes lower taxes on super and a rise in pension age

Mercer Human Resource Consulting has recommended the Federal Government reduce taxes levied on superannuation funds and raise the official pension age from 65 to 67 in order to address the problems presented by the aging workforce. The suggestions have ...

ASIC moves against misleading advertising

ASIC has acted against misleading advertising by accepting an enforceable undertaking from Mortgage Point in response to the regulators concerns in 2001 that the mortgage broker included misleading statements in its promotional brochures. Brochures ...