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Showing 11301 - 11310 of 18137 results for "superannuation"

Australia's finely balanced $376bn budget

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2012
... care, and $3.7 billion for a restructuring of aged care. Helping to pay for some of this is a trimming back of superannuation concessions for people earning $300,000 pa although the superannuation industry has said administering these new arrangements ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... silver bullet to solve this complex problem overnight," said Bill Shorten, Minister for Financial Services and Superannuation. "The release of this report is an important step in ensuring that Australians have access to the most effective compensation ...

Budget: Super changes risk sound investment

MELANIE TIMBRELL  |  WEDNESDAY, 9 MAY 2012
... it also has the potential to negatively impact efficient investment fund flow, according to the Association of Superannuation Funds of Australia (ASFA). "A move away from superannuation investing means a move away from a diversified investment approach ...

Gap increasing between consumers and cost of advice

LINDA HAUSKEN  |  WEDNESDAY, 9 MAY 2012
... who would contact their super fund for advice is growing with approximately 43% of Australians intending to seek superannuation related advice in the next two years. "Those who are likely to seek advice on super are most likely to contact a financial ...

Budget: Calls for SuperStream levy dialogue

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
... fund, it hasn't taken into account the size and complexity that's involved in different funds." The Association of Superannuation Funds of Australia (ASFA) has called for increased communication with the regulators and more transparency about the funding ...

FPA calls for improved education on advice

LINDA HAUSKEN  |  TUESDAY, 8 MAY 2012
... trying to raise the financial literacy of consumers," said Alison Maynard, ombudsman, investments, life insurance & superannuation, Financial Ombudsman Service. Approximately 260 practicing financial planners, along with licensees and compliance, legal ...

Budget move to take superannuation 'back to the future'

RACHEL DAVIS  |  TUESDAY, 8 MAY 2012
Possible changes to the tax treatment of superannuation for high-income earners, likely to be included in tonight's federal budget, are taking Australia 'back to the future' according to Towers Watson. Andrew Boal, Managing Director for Towers Watson ...

Insurance bonds offer tax effective strategy

LINDA HAUSKEN  |  TUESDAY, 8 MAY 2012
... Insurance bonds are an option for investors looking to reduce their taxable income and grow their wealth outside of superannuation, according to IOOF. "Investment bonds work particularly well as a complimentary wealth accumulation strategy," said Damian ...

SMSFs face fire-sales of illiquid assets

BEN COLLINS  |  TUESDAY, 8 MAY 2012
In the rush to purchase property assets, SMSF trustees may not be considering how these 'lumpy' holdings will be sold after their death, according to an SMSF advice and training provider. The consequences of this oversight could be the fire-sale of ...

Securities lending is not short selling

ALEX DUNNIN  |  FRIDAY, 4 MAY 2012
... in a high interest rate environment would impose huge trading costs on asset owners. These asset owners, such as superannuation funds, make their stock holdings available for securities lending because the fee revenue can be used to offset investment ...