Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1221 - 1230 of 1728 results for "Provisio"

APRA requirements welcomed by sector

BEN COLLINS  |  THURSDAY, 20 SEP 2012
Both sides of the superannuation sector have welcomed revised reporting standards proposed by APRA. New proposals released by the prudential regulator yesterday aim to increase the amount of data required of super funds, bringing them in line with other ...

Altius: Role of fixed interest hazy

LINDA HAUSKEN  |  TUESDAY, 11 SEP 2012
Australian investors do not fully understand the role and benefits of fixed interest in a portfolio because of the statistical and complex nature of this asset class, according to an industry expert. There is increasing evidence that many investors ...

Gonski calls for NFP director liability review

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
A safe-harbour provision for board directors of not for profit organisations should be of prime concern for the Australian Charities and Not-for-profits Commission (ACNC), David Gonski told an industry event yesterday. Speaking at Philanthropy Australia's ...

APRA probe key in NAB case: Lawyers

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
It's APRA's understanding that National Australia Bank's (NAB) risk assessment of investments linked to toxic US subprime mortgages was insufficient, according to documents filled in the Supreme Court of Victoria yesterday. An affidavit tendered to ...

GBST Quant and Russell alliance to foster tax-aware investing

MARK STORY  |  WEDNESDAY, 29 AUG 2012
Technology solutions provider GBST announced today that its GBST Quant capabilities will provide customised after-tax benchmarking for the new Russell After-Tax Survey, due to launch late August. Russell Investments has designed the After-Tax Survey ...

MySuper flipping ban passes lower house

BEN COLLINS  |  THURSDAY, 23 AUG 2012
Tranche one of the Federal Government's MySuper legislation has passed through the House of Representatives, with some last-minute amendments. A push by Greens deputy leader and employment spokesperson Adam Bandt to stop employers gouging additional ...

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
Minister for Financial Services Bill Shorten has been accused of 'gazumping' the Productivity Commission inquiry into default super by moving to head off options that would give employers more choice in fund selection. The Minister yesterday pointed ...

ACT prohibits guns & smokes

ALEX DUNNIN  |  TUESDAY, 21 AUG 2012
The ACT government will become the first government in Australia to specifically exclude its investment funds from investing into the tobacco and arms industries. The prohibition is expected to only marginally impact the investment strategy of the $2.3 ...

Wealth down as ANZ posts $4.5bn profit

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
ANZ has posted unaudited underlying profit for the nine-month period to June 30 of $4.5bn, a rise of 5.5% on the prior corresponding period, driven by increases in income across divisions, with wealth the notable exception. Cash profit for the June ...

CBA posts good profits despite volatile markets

LINDA HAUSKEN  |  WEDNESDAY, 15 AUG 2012
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 ...