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Showing 11101 - 11110 of 18131 results for "superannuation"

ACT prohibits guns & smokes

ALEX DUNNIN  |  TUESDAY, 21 AUG 2012
... industries. The prohibition is expected to only marginally impact the investment strategy of the $2.3 billion ACT Superannuation Provision Account (ACTSPA), a fiscal fund that holds assets intended to offset future superannuation liabilities of ACT public ...

Think big on scale, ORFR: APRA

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
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 tweaks insurance in super

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
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 ...

Lifecycle discussion needs context: Milliman

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
The increased discussion of lifecycle products in a MySuper context needs to take into account lessons from overseas failures, including target date funds in the US, according to one consultant. Wade Matterson, practice leader at Milliman said the whole ...

Untargeted tax subsidies inept

ALEX DUNNIN  |  MONDAY, 20 AUG 2012
New research suggests that the untargeted nature of tax concessions - the mainstay of Australia's universal superannuation system - make them highly inefficient. The Australia Institute's (TAI) recently released study, 'Can the taxpayer afford 'self-funded' ...

MLC appoints super funds board member

BEN COLLINS  |  FRIDAY, 17 AUG 2012
MLC has appointment Richard Rassi to the three trustee boards for its superannuation funds. The boards, MLC Nominees, NULIS Nominees (Australia) and PFS Nominees, are accountable to around 1.5 million members and approximately $56 billion in Funds Under ...

Untargeted tax subsidies inefficient

ALEX DUNNIN  |  THURSDAY, 16 AUG 2012
... well it is targeted. "We know from Treasury that a disproportionate share of the benefits of tax concessions for superannuation accrue to the highest income earners [and] we also know from the Australian Bureau of Statistics that none of the benefits ...

ACSI lends weight to ASX plan for rights issues

MELANIE TIMBRELL  |  THURSDAY, 16 AUG 2012
The Australian Council of Superannuation Investors (ACSI) supports an ASX proposal to reduce the timetable for rights issues to 16 days. The ASX consultation on modernising the timetable for rights issues would see 10 days sliced off the current standard ...

Super governance Bill passes amid cries of favouritism

BEN COLLINS, MELANIE TIMBRELL  |  THURSDAY, 16 AUG 2012
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 ...

Vision Super chief steps down

MELANIE TIMBRELL  |  WEDNESDAY, 15 AUG 2012
... future tie-ups. "Even with Equipsuper that issue was on the table and essentially the old LASF [Local Authority Superannuation Fund] was going to be quarantined in terms of the liabilities there so that shouldn't pose any problems for the future." On ...