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Showing 1361 - 1370 of 2989 results for "ARRA"

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
Self-managed superannuation funds will be banned from direct borrowing under an expanded housing affordability policy unveiled by the Federal Opposition today. Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target ...

Perennial loses Century LIC mandate

ALEX BURKE  |  WEDNESDAY, 19 APR 2017
Listed investment company Century Australia Investments ended its seven-year arrangement with Perennial Value Management, appointing a new investment manager as part of a major restructure. In Perennial's stead, Wilson Asset Management will now be Century's ...

Elder financial abuse requires education

KARREN VERGARA  |  TUESDAY, 18 APR 2017
The SMSF Association believes preventing elder financial abuse requires increased education for trustees and advisers, not stricter legislation. The dangers emerging from an ageing population and cognitive decline makes elderly superannuation fund members ...

Former Future Fund MD joins HESTA

ALEX BURKE  |  TUESDAY, 11 APR 2017
After announcing a new investment strategy in January, HESTA has created a new investment committee and appointed three members. Former Future Fund managing director Mark Burgess will chair the committee, while former QIC chief executive Melda Donnelly ...

CGT top of adviser minds

KARREN VERGARA  |  TUESDAY, 11 APR 2017
Capital gains tax is the fastest growing adviser query ahead of the 1 July changes to superannuation, according to the BT Advice Technical team. BT technical consultant Tim Howard said during the March quarter advisers were most keen to identify how ...

First Super halts private equity investments

ALEX BURKE  |  MONDAY, 10 APR 2017
First Super will make no new investments in its private equity program as its existing $100 million private equity portfolio is under review. This is being done, the fund said, due to concerns about poor labour practices exhibited by companies in which ...

Life insurance claims handling must improve: ISWG

JAMIE WILLIAMSON  |  FRIDAY, 7 APR 2017
The Insurance in Superannuation Working Group is calling for the removal of complexity around claims handling. Releasing the second of its discussion papers around the development of the Life Insurance Code of Practice for superannuation trustees, the ...

ASIC wins first court action for FoFA breaches

EMMA RAPAPORT  |  WEDNESDAY, 5 APR 2017
Corporate regulator ASIC successfully brought its first action against a licensee for breach of the Future of Financial Advice reforms in the Federal Court. Melbourne-based financial advice firm NSG Services (NSG) was found by the court to have breached ...

Industry model costing good advisers

KARREN VERGARA  |  MONDAY, 3 APR 2017
The proposed industry funding model to help ASIC regulate poor advisers is at the cost of those behaving professionally and ethically, according to the Association of Financial Advisers. The ASIC Supervisory Cost Recovery Levy Bill, which details an ...

Two-year road to Brexit begins

BENJAMIN ONG  |  THURSDAY, 30 MAR 2017
It's official. It's signed, sealed and delivered. Making good on the promise she made in October last year, UK prime minister Theresa May invoked Article 50 of the Treaty of the European Union formally setting in motion the two-year time limit for negotiations ...