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Showing 1251 - 1260 of 3210 results for "Scheme"

Super chief opposes SG increase

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... compulsory superannuation can work well for 60% of the population, there are many people who will not save enough through this scheme to contribute in a meaningful way...This makes Government-funded age pension an important safety net." Baird said he ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... misconduct at "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort (CSLR), the FSC urged the government to work with the financial services industry to ensure that CSLR compensation ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... Financial Professionals wants product failures and financial losses from those failures factored into the Compensation Scheme of Last Resort. The AIOFP said it agrees with the "general thrust" of the Compensation Scheme of Last Resort and findings from ...

Push for more foreign investment

ELIZA BAVIN  |  FRIDAY, 7 FEB 2020
... the long-term benefits of foreign investors for the economy by increasing incentives under the Significant Investor Visa scheme. Executive chair of Atlas, Guy Hedley said the fund manager entirely supported the government's review of the scheme and its ...

BetaShares calls for universal pension

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
BetaShares has proposed that Australia adopt a system that would provide a pension to everyone, funded by superannuation contributions. The proposal was made in the company's submission to the Australian Treasury as part of its consultation with market ...

Adamantem acquires ASX-listed company

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Adamantem Capital has announced the acquisition of 100% of shares in Legend Corporation by way of a Scheme of Arrangement. The proposed acquisition is Adamantem's second public-to-private transaction and will be the fund's sixth investment in its portfolio ...

Amish community scammed

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
An alleged fraudulent investment scheme has targeted the Amish community in the US, with the Securities and Exchange Commission now bringing charges. The SEC's complaint alleges Philip Riehl provided accounting services to Amish and Mennonite communities ...

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... of the average cost of running an SMSF includes Australian and overseas interest, insurance premiums, forestry managed scheme expenses, investment expenses and something called 'other amounts' - these expenses only apply to a very small number of SMSFs," ...

Industry fund dumps Link

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
An industry superannuation fund managing around $2.6 billion in retirement savings has ended its seven-year administration mandate with Link. AvSuper has appointed Mercer Administration Services as administrator following a competitive tender process. ...