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| | | ... John McCullagh have been nominated as member representative directors for the Government's proposed Commonwealth Superannuation Corporation. Both Cosgrove and McCullagh were nominated by the chief of the Defence Force, air chief marshal Angus Houston. ... |
| | | | Opposition is growing to increasing the Superannuation Guarantee and the super funds industry has a major fight on its hands. The Australian Chamber of Commerce and Industry (ACCI) said it rejects financial services industry claims that the SG increase ... |
| | | | One of the largest US funds, CalPERS, has voted to strip one board member's position as chair of the fund's health benefits committee along with her travel privileges after failing to file financial disclosure statements. According to a press release ... |
| | | | The $7 billion-plus HOSTPLUS has opened new offices in Darwin and Parramatta, to cater for continued growth in these areas. For local employers, the new offices will provide a personal service on the ground, according to a press release. "A local office ... |
| | | | AMP Financial Services is cutting the number of superannuation products it provides from six to two - closing four superannuation and pension products with more than $34 billion in assets under management to new money from July. This means AMP SignatureSuper ... |
| | | | The resource super profits tax (RSPT) is a cash grab from the mining industry that shows overseas investors Australia is prepared to change the rules at the height of a boom, said a leading tax academic. Professor Neil Warren from the Australian School ... |
| | | | ... "Australia's SMSF market is growing rapidly each year with 31 per cent ($332 billion assets) of all Australian superannuation assets invested through SMSFs. "This market represents an outstanding opportunity for advisers and accountants to extend and ... |
| | | | The $1 billion-plus AvSuper has appointed Hannover Life Re as its new insurer. According to a press statement from the fund, AvSuper's new insurance mandate and arrangements kick in on 1 July. Hannover Life Re's mandate includes group life insurance ... |
| | | | ... - particularly on the accountants exemption and how advisers are charged. The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen, said he welcomed the industry board support for the reforms because it will go a long way to ... |
| | | | ... Australian-based asset managers were also well represented in the statement including the Australian Council of Superannuation Investors (ACSI), ARIA, CARE Super, Media Super, LUCRF, Telstra Super, VicSuper and Vision Super. "As investors, we believe ... |
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