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| | | ... yesterday called for commission payments for risk products to continue despite agreeing last year that commissions on superannuation products should be phased out. The FPA said the problem is that fee-for-advice payments on risk products could make life ... |
| | | | ... Fleetwood Advisory Group from December 1998 to July 2008. FLAG's business included the provision of investment, superannuation and risk management advice and offered clients a share trading service called the Fleetwood Advisory Group Premier Service ... |
| | | | Leading asset consultants were grilled about the value they add to super fund portfolios at an industry conference held yesterday. The results? Refreshingly honest. The heads of four asset consultancies - JANA, Frontier, Towers Watson and Sovereign ... |
| | | | ... the FPA Board re-affirmed that all six of the financial planner remuneration principles should apply to corporate superannuation. "It was agreed that, in accordance with the current legislative approach in the SIS Act, we would widen the definition of ... |
| | | | ... - including giving personal loans to members - continue to plague the sector. According to the latest Partners Superannuation Services' research, SMSFs in breach of fund rules have dropped by over 4 per cent - from 11.3 per cent in 2008 to 7.2 per cent ... |
| | | | Trustees should use their collective muscle to punish investment managers and listed company directors who are robbing investors blind through capital raisings and deals that ultimately destroy shareholder value, said a governance expert. Dean Paatsch ... |
| | | | The New Zealand Superannuation Fund returned more than 17 per cent for the financial year to date at the end of February this year - a $2.3 billion net gain. According to the sovereign wealth fund's February performance update, it has returned just ... |
| | | | ... funds. Their annual contributions at $36 billion are equivalent to 32 per cent of all the money contributed into superannuation, triple the proportion of 10 years ago, according to research by Rainmaker. The value of SMSF tax concessions, estimated conservatively ... |
| | | | ... under management as at 30 June 2009, representing approximately two-thirds of the entire value of the Australian superannuation industry. The response alone gave some indication. Just over 30 per cent participated, representing AU$302 billion in funds ... |
| | | | ... system; and faster rollovers. But where he received a round of applause was in the proposal to change the rules on superannuation account balances of less than $1,000, potentially abolishing the current 'member benefit protection' regime. At present ... |
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