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Showing 1371 - 1380 of 2025 results for "Legislation"

Future Fund tarred by its tobacco stocks

ALEX DUNNIN  |  THURSDAY, 18 OCT 2012
... justify their tobacco investments before a Senate Committee. Appearing before the Finance and Public Administration Legislation Senate Committee were managing director Mark Burgess and chief investment officer David Neal. Burgess, who has been with the ...

MLC adds nine inv options to super product

LINDA HAUSKEN  |  THURSDAY, 18 OCT 2012
... towards the new regulatory regime brought about by the Future of Financial Advice reforms." Mulholland added that as the legislation and details are finalised, there will be further changes to MLC MasterKey Business Super. MLC MasteKey Business Super ...

IOSCO recommends reforms to the $4.7tr MMF sector

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
... Responding to these concerns, the IOSCO review has recommended MMFs be explicitly defined in Collective Investments legislation. The review also recommends limitations be put in place governing the types of assets they can invest in, and they be more ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
... today that it has released for public consultation its draft guidance for the transfer of funds under the MySuper legislation. The guidance is intended to assist registerable superannuation entity (RSE) licensees to meet their obligations under Prudential ...

APRA releases final MySuper package

BEN COLLINS  |  THURSDAY, 4 OCT 2012
... amounts into a suitable MySuper product before 1 July 2017. APRA Deputy Chairman Ross Jones said that although the legislation is yet to be finalised, APRA is releasing the proposed final MySuper package to give industry as much certainty as possible ...

Compliance stifling innovation: BTFG

MELANIE TIMBRELL  |  WEDNESDAY, 26 SEP 2012
... advice among Australians that way," Power said. In a further hint at what the future may hold, Power also said that if legislation were to allow it, the three-year horizon would likely see the extension to capture consent provision around advice by voice ...

AMP Capital chases Asian growth

BEN COLLINS  |  TUESDAY, 25 SEP 2012
... about how to best implement retail offerings if the regulations change, which Dunne said would be dependant on final legislation and market cycles. AMP Capital - which recently shifted its Asian headquarters from Singapore to Hong Kong - said yesterday ...

Draft legislation to streamline trans-Tasman retirement savings

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
The government has released a draft legislation to establish a trans-Tasman retirement savings portability scheme, expected to assist the thousands of Australians and New Zealanders who move across the Tasman every year. The new proposed scheme, which ...

Retail MySuper to put NFPs on back foot

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
... of MySuper is all about driving down the cost of providing superannuation services." In fact, Costello said, in the legislation, cost is only mentioned once. He urged funds to stay diversified but to get on the front foot by articulating that "it is ...

Cbus takes lead on trustee disclosure

BEN COLLINS  |  MONDAY, 17 SEP 2012
... recommendations, provided to all member funds, said Fiona Reynolds, AIST chief executive. "While there is currently no legislation enforcing higher standards of disclosure on super funds, this move recognises that in the post-GFC environment, full remuneration ...