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Showing 1261 - 1270 of 1586 results for "Power50"

SMSFs carry underlying key person risk: report

MICHAEL HOBBS  |  WEDNESDAY, 4 AUG 2010
A new report has raised concerns about the structure of self managed super funds (SMSF) as trustees potentially become unable to adequately invest and administer their retirement savings as they get older. The Financial Wellbeing in Retirement report ...

AUSCOAL Super chief wins award

MICHELLE BALTAZAR  |  WEDNESDAY, 4 AUG 2010
Bruce Watson, the head of the super fund billed as one of the top 50 employers in Australia, was named the 2010 Fund Executive of the Year for his achievements in superannuation. The award was handed last night in a dinner reception by the Fund Executive ...

Mandatory trustee pay disclosure draws debate

MICHELLE BALTAZAR  |  FRIDAY, 30 JUL 2010
Proposed trustee governance reforms will fix many of the regulatory gaps in the system, but Cooper Review panelist Sandy Grant questions adopting 'listed company' type governance measures, such as mandatory pay disclosure, just for the sake of having ...

Challenger wins $200m from AustralianSuper

AUSTRALIANSUPER RELEASE  |  MONDAY, 12 JUL 2010
AustralianSuper has signed a $200m deal to invest in an unlisted debt portfolio managed by Challenger Financial Services Group, which invests in a combination of property and private equity debt in Australia and New Zealand. Challenger will co-invest ...

ASX power handover to ASIC heralds new trading rules

PRESS RELEASES  |  FRIDAY, 9 JUL 2010
Starting next month, investors will have to follow a new set of trading rules when regulator ASIC takes over the supervisory role historically held by the local bourse. Chris Bowen, minister for financial services, superannuation and corporate law ...

Maritime and Auscoal Super in merger talks

RUTH LIEW  |  FRIDAY, 9 JUL 2010
Maritime Super is in merger talks with coal community industry fund Auscoal Super to create an $8 billion-plus fund. The Maritime Union of Australia confirmed that Maritime Super, which had around $3 billion in assets at the end of March according to ...

Olive branch for SMSF art investors

MEDIA RELEASE  |  TUESDAY, 6 JUL 2010
SMSFs' investments in exotic assets including art may be banned if the Cooper Review's recommendations go ahead - but one of the review's panelists, Meg Heffron, said art is still an option for investors, if they restructure their fund. Heffron, one ...

Review reinforces power of fund scale

RUTH LIEW  |  MONDAY, 5 JUL 2010
The importance of fund scale and consolidation were some of the key issues highlighted by the Cooper Review, but some players are skeptical on the need for mega funds. In the report, the review panel pointed out that "lack of scale" was one of the key ...

Cooper Review wants bigger role for APRA

ALEX DUNNIN  |  MONDAY, 5 JUL 2010
The Super System Review's recommendation to expand APRA's role among superannuation could be the key to unlocking many of the potential benefits arising from the Review. This direction in the recommendations is strategically crucial because it is not ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
ASIC has released a consultation paper on new laws regulating mortgage early exit fees, which are unconscionable or unfair. The new paper, titled Mortgage early exit fees: Unconscionable fees and unfair contract terms (CP 135), contains proposals that ...