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| | | Focus on the underlying objective, and not the minutiae of methodology. That's the message from APRA to super funds on incoming reforms. Responding to concerns raised during the consultation process and subsequent public forums, APRA's deputy chair ... |
| | | | APRA will change its stance on insurance in super, allowing registered superannuation entities to seek income protection through general rather than life insurance providers alone. Acknowledging that APRA's initial approach was prescriptive, deputy ... |
| | | | Looks like some in Europe's back from their holidays - there's some stirring going on from there again. Germany's Der Spiegel magazine reported that the ECB plans to buy government bonds to place a cap on yields to a pre-set premium over German bunds. ... |
| | | | The Chi-X wants the ASX to give up control of its current monopoly of clearing and settlement, claiming it will place downward pressure on prices and lead to improved service delivery. Clearing refers to all activities from the time a commitment is ... |
| | | | The Federal opposition argues that a scale test on superannuation fund trustees inappropriately favours industry super funds. This comes on the back of legislation passing through Parliament last night, which gives the Australian Prudential Regulation ... |
| | | | The Commonwealth Bank Group has posted a $7.09 billion full year profit - which represents an 11 % increase on the previous year as at June 2012. The Commonwealth Bank's (CBA) cash profit of $7.11 billion was up 4% on the previous year. The bank's customer ... |
| | | | Vision Super chief executive of 19 years, Rob Brooks, will step down at the end of the month. The board is expected to announce an interim replacement while the fund continues its search for a merger partner following this year's failed attempt to combine ... |
| | | | Treasurer Wayne Swan has talked up the Government's banking reforms, dubbing them "a better banking deal" for consumers amid last week's call for a major financial system review. Former committee member at the Wallis Inquiry, Ian Harper last week issued ... |
| | | | Australian shares were higher at opening as hope continued for improvement in the European debt crisis. At 1015 AEST on Monday, the benchmark S&P/ASX200 index was up 31.8 points, or 0.74 per cent, at 4,309.1 while the broader All Ordinaries index was ... |
| | | | Melbourne based financial technology company CommCentral has launched Revex, a remuneration solution designed for advisers and dealer groups to manage revenue and Future of Financial Advice reform requirements. The new web based software solution, Revex ... |
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