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Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... policy types, including TPD, trauma, disability, funeral insurance, salary continuance and CCI. However, the code would not apply to whole-of-life and endowment insurance, general insurance, health insurance or annuities and life products unless any ...

LGS strengthens ethical commitment

KERRIE SYDEE  |  FRIDAY, 26 AUG 2016

LICG will fight on after failing to trigger AFA constitution talks

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
... sought legal advice which resulted in the LICG being informed that the particular by-law quoted is specifically worded to apply consistency with the Corporations Act and the relevant section - section 249D - was amended in early 2015 to remove the reference ...

Parliament goes to war on super

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
... super in a decade. Opposition Leader Bill Shorten wants the $500,000 lifetime cap on non-concessional super contributions to apply from Budget night 2016 (May 3), not 2007 as proposed by the coalition government. This would reduce revenue by $500 million ...

Sentry Group slams LICG's "opportunistic attack"

ALEX BURKE  |  WEDNESDAY, 24 AUG 2016
... merits of their case." "No reasonable person can support an attack solely on the AFA and wonder why the initiator does not apply with the same logic and tactic against the FPA - unfortunately it can only be interpreted as a personality clash." Hills ...

Equity Trustees restructures philanthropy

JAMIE WILLIAMSON  |  TUESDAY, 23 AUG 2016
... legacy of our generous philanthropists, who entrusted their charitable trusts to our care, are honoured by ensuring that we apply our expertise to generate as much positive impact as possible." Discretionary distributions are possible where Equity Trustees ...

ASX blockchain move defensive: Professor

DARREN SNYDER  |  TUESDAY, 9 AUG 2016
... In its current form, and I have no doubt it will improve over time, it forces you to take aspects of the technology and apply it to part of the problem. There's absolutely no scenario we can see in mainstream capital markets in the near term where you ...

Competition not super's silver bullet: PC

DARREN SNYDER  |  TUESDAY, 2 AUG 2016
The Productivity Commission says competition among Australia's $2 trillion superannuation system "is not an end in itself" to assure efficiency. In releasing its proposed framework to assess super's efficiency and competitiveness the Commission has ...

Indian LIC launches IPO

DARREN SNYDER  |  MONDAY, 1 AUG 2016
... of Nitin Jain, principal portfolio manager supported by seven analysts based on the ground in Mumbai. Investors can also apply for shares in the IPO via the OnMarket Bookbuilds app and web portal where no commissions or brokerage are payable by inves ...

Former Calastone MD launches fintech solution

KERRIE SYDEE  |  THURSDAY, 28 JUL 2016
Former Calastone managing director Shannon Bernasconi has co-founded a new investment platform solution for financial advisers. MA Operator aims to provide advisers with a complete service for managed discretionary accounts (MDAs), a complete solution ...