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Showing 1371 - 1380 of 2383 results for "Rule"

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...

Retiree 4pct drawdown limits too high

ALEX DUNNIN  |  TUESDAY, 11 MAR 2014
... decades. The report concludes that, based on analysis of different capital markets scenarios using 112 years of data the 4% rule may be too high and it should instead be reduced to 3%. It cites separate research that found much higher growth asset weights ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Planned changes to the regulation of managed discretionary accounts (MDAs) will not go ahead, the Australian Securities and Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy ...

OneVue rules out further acquisitions in run up to IPO

ALICE URIBE  |  THURSDAY, 6 MAR 2014
OneVue chief executive Connie Mckeage has ruled out any more acquisitions as the wholesale SMSF solutions provider looks towards Easter for its much anticipated IPO. Mckeage said that despite OneVue "always looking for acquisitions" in the platform ...

Fund managers expect clients to turn aggressive

MARK SMITH  |  WEDNESDAY, 5 MAR 2014
... measures - given the impact developments such as QE tapering, US fiscal spending going into sequestration and the Volker Rule have had on global markets," Unger said. "The knock-on effects from some of these, particularly QE tapering on some fragile ...

Death and TPD dominate Super Complaints Tribunal

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
More than half of all complaints made to the Superannuation Complaints Tribunal in the December quarter related to death and disability insurance claims. Death benefit disputes made up 32.2% of complaints, while disability related disputes, including ...

Regulators must enforce rules, not write them: Brogden

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
The Murray inquiry must review the role of the financial regulators to ensure that they remain within their remit of regulation enforcement, Financial Services Council (FSC) chief executive John Brogden has said. Speaking at the launch of the FSC/Deloitte ...

Treasury looks at further FoFA amendments

JAMES FERNYHOUGH  |  TUESDAY, 25 FEB 2014
Treasury is considering confidential proposals to reverse rules that ban conflicted remuneration arrangements for corporate super specialist advisers, according to Douglas Latto, president of the Corporate Super Specialist Alliance (CSSA). Traditionally ...

Millinium Australian equity income fund receives rating

STAFF REPORTER  |  TUESDAY, 25 FEB 2014
... Investment Corporation and outperformed the S&P/ASX 200 index over eight years. He said: "We firmly believe that the first rule of investing is not to lose money, so the Fund usually has lower volatility and a lower beta than the market." Despite being ...

'Leaner' HSBC hikes profits, bonuses

BEN PERRY, AAP  |  TUESDAY, 25 FEB 2014
London-headquartered HSBC has controversially unveiled measures to avoid new EU rules on bank bonuses, drawing the wrath of union bosses. This comes after Europe's biggest bank managed a 15.5% A jump in annual net profits and warned about emerging markets ...