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Federal Government to stay out of Telstra share buyback

The Federal Government will not participate in Telstra's $1 billion share buyback, Finance Minister Nick Minchin said today. Senator Minchin said the Government's 50.1 per cent stake in the telecommunications giant meant participation in the buyback ...

ALP to unveil retirement incomes policy in November

... Opposition today announced it would release a substantial portion of its own retirement incomes policy later this year. Senator Nick Sherry, Shadow Minister for Retirement Incomes and Savings, said opposition leader Simon Crean would unveil the policy ...

Assirt appoints Ibbetson managing director to replace Saunders

... Previously he was head of investment consulting for Aon Consulting Australia. St George's head of investments and insurance Nick Basile said he was delighted to welcome someone of Mr Ibbetson's calibre to the group. The appointment reflected the importance ...

Opposition launches biting criticism of Government's super policies

The shadow minister for retirement incomes, savings and consumer affairs - Senator Nick Sherry, has said that the gazetted regulations which allow so-called portability in superannuation are phoney and unsafe. In an announcement made today he said that ...

Senator Sherry highlights the need for action on the back of poor super stats

The Shadow Minister for Retirement Incomes and Savings, Senator Nick Sherry, has said that poor returns, high taxes and corporate collapses are hurting superannuation fund members, citing new figures highlighting a continued decline in member contributions. ...

ALP offers no suitable alternative on super bill: Coonan

... would have reduced the surcharge from 15 per cent to 10.5% over three years. Yesterday Labor retirement incomes spokesman Nick Sherry said the bill only benefited those earning greater than $90,500 in surchargeable income, with the greatest benefit going ...

Government blocks ALP super theft compensation bid

... circumstances is mean-spirited and heartless and is effectively throwing super fund members to the wolves," exclaimed Senator Nick Sherry, Shadow Minister for Retirement Incomes and Savings. "The so-called 'moral hazard' argument that consumers should ...

Departing residents increasingly accessing their superannuation: Senator Coonan

... in Australia and the costs of maintaining those accounts. Last week the Shadow Minister for Retirement Incomes and Savings Nick Sherry said that despite the Government forecasting 80 per cent of temporary residents would collect their superannuation ...

Sherry accuses Government of "another major super bungle"

Shadow Minister for Retirement Incomes and Savings Nick Sherry today said that a $245 million hole has been blown in the Howard government's Budget due to the failure of temporary residents to collect their superannuation when they permanently leave ...

Government's children super package rejected by CSS/PSS

... funds CSS/PSS, with over 250,000 members, have decided not to offer the package to members due to a lack of demand. Senator Nick Sherry, Shadow Minister for Retirement Incomes and Savings, said that only one such account has been opened, well below the ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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