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Showing 1321 - 1330 of 2383 results for "Rule"

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... use as estate planning tools rather than pure longevity insurance. The final section proposes changing the minimum drawdown rule, allowing more flexibility in line with investment market performance. The release of this discussion paper has been in the ...

UK annuities policy dubbed 'political schizophrenia'

JAMES FERNYHOUGH  |  THURSDAY, 17 JUL 2014
The chief executive of a British pension fund industry body has dubbed the UK government's decision to scrap compulsory annuitisation as 'political schizophrenia'. The comments came on the same day the Financial System Inquiry floated the possibility ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
... submissions to the review argued they also benefit from the perception that they are "too big to fail". "It is not possible to rule out the risk of failure nor is it possible to rule out the use of taxpayers funds in extreme circumstances," Mr Murray ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... suspended payment and a large number of non-bank financial institutions failed. Our report observes that it is not possible to rule out the risk of failure. Nor is it possible to rule out the use of taxpayer funds in extreme circumstances. In this respect ...

Global body calls for Asia Funds Passport rethink

MARK SMITH  |  MONDAY, 14 JUL 2014
The Asia Funds Passport initiative has received public support from ICI Global but the global investment industry body said the model needed to be rethought to improve its chances of long-term success. ICI Global, the international arm of US body the ...

Super funds have clout to demand transparency

JAMES FERNYHOUGH  |  FRIDAY, 11 JUL 2014
Super funds should not be shy of demanding full holdings disclosure from alternatives managers in order to meet reporting standards, HOSTPLUS chief investment officer Sam Sicilia has said. Sicilia said that if the managers refuse to provide the information ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
Industry super funds could face stricter rules around block charging members for financial advice if the Senate blocks the amendments to the Future of Financial Advice (FoFA) reforms, Finance Minister Mathias Cormann has said. Singling out exemptions ...

New laws bring aged care advice into the spotlight

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The Living Longer, Living Better reforms that began on July 1, 2014, are forcing financial advisers to review their clients' aged care arrangements. Advisers need to take into account the client's assets and income to ensure that the approach taken ...

Federal Court judgements contradictory on adviser liability

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The Federal Court has issued two separate and contradictory judgements that cast a doubt over financial advisers' proportionate liability when facing client legal claims. Within less than one month, the Full Court of the Federal Court has judged the ...

Super funds procrastinate on holdings disclosure

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
Super funds are not treating the looming reality of portfolio holdings disclosure as a priority, according to BNP Paribas Securities Services' chief administration officer Daryl Crich. Speaking to media this week, Crich said: "I don't think it is front ...