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Showing 1331 - 1340 of 2422 results for "Rule"

AIST attacks big-bank default grandfathering

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
Bank-owned retail funds should be forced to roll all their default superannuation members out of high-fee products into low-fee MySuper products, according to the Australian Institute of Superannuation Trustees (AIST). AIST head of executive manager ...

MySuper hurts low balance members: UniSuper CEO

JAMES FERNYHOUGH  |  WEDNESDAY, 1 OCT 2014
... university employees have no choice but to join UniSuper. UniSuper has come up with a solution to deal with the flat fee rule, which involves rolling inactive, low balance accounts into an eligible rollover fund (ERF). "We'll probably have the bulk of ...

Treasury proposes tax relief for merging super funds

JAMES FERNYHOUGH  |  FRIDAY, 26 SEP 2014
... paper recommending concrete amendments to the current rules. Treasury said the measure would "clarify that a tax integrity rule will not be triggered when superannuation benefits are rolled over to another fund as part of a merger between funds." The ...

How to understand emerging markets

STAFF WRITER  |  THURSDAY, 25 SEP 2014
The emerging markets investment landscape is best understood in terms of country blocs that perform similarly as the macro environment evolves, according to Investec Asset Management Global Strategist, Dr Michael Power. Power presented an analogy where ...

Govt to amend fund merger tax laws

ALEX DUNNIN  |  WEDNESDAY, 24 SEP 2014
... plan to another plan without their request or consent are not disadvantaged through the application of the proportioning rule to their benefits." It added that the Bill will remove the need for a rollover benefit statement to be provided to an individual ...

Market Wrap AM

AAP  |  WEDNESDAY, 24 SEP 2014
The Australian market looks set to open lower after Wall Street endured its third straight day of losses. At 0807 AEST on Wednesday, the December share price index futures contract was down 33 points at 5,373. Locally, in economic news on Wednesday ...

Expect more regulation on 'too-big-to-fail': Hockey

LAURA MILLAN  |  MONDAY, 22 SEP 2014
Large financial institutions considered "too big to fail" are likely to be required to have additional protections in case they fail, Treasurer Joe Hockey said at the G20 meeting of Finance ministers in Cairns this weekend. Hockey said that the Financial ...

ASIC reviews FoFA progress

JAMES FERNYHOUGH  |  THURSDAY, 18 SEP 2014
The Future of Financial Advice (FoFA) reforms have had little effect on either adviser numbers or the type of financial advice AFS licensees provide, according to the Australian Securities and Investments Commission (ASIC). In its review on the implementation ...

CEO pay at lowest level in decade

ALICE URIBE  |  THURSDAY, 18 SEP 2014
Chief executive pay is at its lowest level in a decade, according to a new report by the Australian Council of Superannuation Investors. At an average $4.84 million, the chief executives of ASX 100 companies make 63 times as much money as the average ...

Merrill Lynch Equities Australia handed $96,000 fine

MARK SMITH  |  FRIDAY, 12 SEP 2014
Merrill Lynch Equities Australia has been forced to pay a $96,000 fine to comply with an infringement notice given to it by the Markets Disciplinary Panel. The Australian Securities and Investments Commission (ASIC) said the company received the penalty ...