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Showing 12891 - 12900 of 21799 results for "Dec"

SMSFs need no more regulation: Treasury

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The self-managed superannuation fund (SMSF) industry does not need to be prudentially regulated, Treasury has argued in its submission to the Financial System Inquiry. It said that a major attraction of SMSFs was the light-touch regulation, providing ...

PE backed IPOs outperform

ALEX DUNNIN  |  THURSDAY, 10 APR 2014
Initial public offerings backed by private equity investment managers out-perform other IPOs by a factor of almost 50:1, according to research just released by the private equity and venture capital association AVCAL. The study which was prepared by ...

Class Super CEO departs suddenly

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The newly-appointed chief executive of Class Super David Smith has departed suddenly after just three months in the role, following disagreements over his level of commitment to the company. Smith has been replaced by former Class chief operating officer ...

Could MySuper free-for-all lead to illegal inducements?

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
The removal of super from modern awards could see the big banks employing illegal or dubious methods to get new employers to sign up to their MySuper products, according to Cbus chief executive David Atkin. Currently, super funds wishing to provide ...

Australian budget to blow

BENJAMIN ONG  |  THURSDAY, 10 APR 2014
Minute to win it!... or rather the minutes of the Fed's 18-19 March FOMC meeting win it for Wall Street. The S&P 500 and the Dow jumped by 1.1% and yesterday's hated Nasdaq is now loved again, up 1.7%. But this was - more or less - how we saw it when ...

Advisers under threat from robot replacements

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
The financial advice profession is likely to disappear and planners could be replaced by robots. That is the finding of a new study which reveals that machines could easily provide financial advice to consumers thanks to complex algorithms. Financial ...

PROFILE: Bernie Ripoll

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
As the Future of Financial Advice (FoFA) debate rages on, Shadow Financial Services and Superannuation Minister Bernie Ripoll looks back at its inception. Laura Millan A reports. At the beginning, the future of financial advice was in the hands of Bernie ...

Market Wrap AM

AAP  |  WEDNESDAY, 9 APR 2014
The Australian share market is set for a positive start to trade, after a slight recovery in technology stocks pushed Wall Street higher. At 0750 AEST on Wednesday, the June share price index futures contract was up 24 points at 5,428. In economic news ...

PM Capital eyes Asia fund listing

MARK SMITH  |  TUESDAY, 8 APR 2014
Equity fund manager PM Capital is set to list its Asian Opportunities Fund on the Australian Securities Exchange (ASX). The initial public offering is the second of its kind for the group after the successful launch of its first listed investment company ...

Time to go away?

BENJAMIN ONG  |  TUESDAY, 8 APR 2014
Three consecutive down days on the Street have turned the S&P 500 index's 2.3% gain for the year to a 0.2% loss; the Dow's flat (0.02%) performance into a 2.0% loss; and the Nasdaq's positive 2.4% into negative 2.3%. Three down days and suddenly allusions ...