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Showing 1431 - 1440 of 2025 results for "Legislation"

Longevity forcing industry to adapt to thrive

BEN COLLINS  |  TUESDAY, 1 MAY 2012
An increase in life expectancy will force financial services to think more actively about the products they offer, according to a discussion paper released at the Actuaries Institute Financial Services Forum. "Financial services businesses and trustees ...

FOFA will not be delayed: Minter Ellison

BEN COLLINS  |  TUESDAY, 1 MAY 2012
The Federal Government's FOFA legislation will be implemented on target, said Minter Ellison Lawyers at a roundtable yesterday. "I can't see there being any delays. It would require a change to legislation to do that and I'm sure that there won't be," ...

MySuper consultation draws focus on divisions

MELANIE TIMBRELL  |  MONDAY, 30 APR 2012
Tranche three of draft MySuper legislation has raised the stakes in super governance, but the industry is looking to the consultation process to remedy long-held concerns over inequalities between the not for profit and retail sectors. The draft legislation ...

Trustee reforms risk being neutered

ALEX DUNNIN  |  THURSDAY, 26 APR 2012
... directors because the directors of the trustee company are not employed by the fund. The inability of superannuation legislation to 'look through' trustee company arrangements, which are in technical terms a service provider to the fund, will consequently ...

Citigroup shareholders reject CEO pay

MELANIE TIMBRELL  |  WEDNESDAY, 18 APR 2012
... bank's plan to pay chief executive Vikram Pandit US$15 million. The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas. Given absentee votes are counted as rejections ...

Budget tightening to hit IMR

MELANIE TIMBRELL  |  WEDNESDAY, 11 APR 2012
... to overseas investment funds. "In more than two years since the report was released Labor has yet to finalise the legislation that would make this vision a reality," said opposition senator Matthias Cormann in a statement. "This new investment would ...

Former minister joins Cbus

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
... culminated in his decision to resign from politics. "As Treasurer, Mr Dawkins was responsible for both the SGC and SIS legislation, which together underpin the modern superannuation system of compulsory contributions as well as industry superannuation ...

SPAA reassures members on opt-in

MELANIE TIMBRELL  |  WEDNESDAY, 28 MAR 2012
... a statutorily imposed 'opt-in' is made superfluous by the best interest duty and fee for service provisions in the legislation. "SPAA welcomes the 'best interest duty,' long advocating that acting in the best interests of clients is of paramount importance ...

Shorten demands clarity of stance on SG rise

MELANIE TIMBRELL  |  MONDAY, 26 MAR 2012
... guarantee increase, asking for a clarification of position. Last week's passage of the minerals resource rent tax legislation with changes to the superannuation guarantee (SG) bundled in, resulted in backlash from employers who reject Minister Shorten's ...

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
The Future of Financial Advice legislation has successfully passed through the House of Representatives to very mixed reactions from the wealth management industry. Minister for Financial Services Bill Shorten called the legislation "historic reforms" ...