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Tax rules put off overseas fund managers

MARK SMITH  |  THURSDAY, 1 AUG 2013

Govt to index military age pensions

STAFF WRITER  |  TUESDAY, 30 JUL 2013
... Personnel Warren Snowdon and the Minister for Defence Materiel Mike Kelly announced the changes this morning. The changes will apply to retired military service personnel who were members of the Defence Forces Retirement Benefits (DFRB) scheme that was ...

Yellow Brick Road amends staff authorisations after ASIC concerns

MARK SMITH  |  FRIDAY, 26 JUL 2013
... YBR's cooperation in responding to the matter. Yellow Brick Road operates a network of over 150 branches to help consumers apply for credit contracts. The companies operating Yellow Brick Road branches do so under a branch agreement with the licensee ...

AFA to release code of conduct this year

LAURA MILLAN  |  WEDNESDAY, 24 JUL 2013
... behavioural expectations, but it would not need to be ASIC-approved," Anderson said at the AFA Roadshow in Sydney. This code will apply to all AFA members and there will be the possibility to complement it with an opt-in exemption code which will be ...

IFM's FUM surges by 34% on global support

ALICE URIBE  |  TUESDAY, 23 JUL 2013
... Commenting on the launch IFM chief executive Brett Himbury said: "The fee reduction will be effective from January 2014 and will apply to existing open pools and mandates." IFM invests on behalf of institutional investors and is owned by 30 major not-for-profit ...

IFM reveals start date for fee reduction

ALICE URIBE  |  MONDAY, 22 JUL 2013
... Commenting on the launch IFM chief executive Brett Himbury said: "The fee reduction will be effective from January 2014 and will apply to existing open pools and mandates." "For existing investors this reduction will offer some attractive benefits," ...

OneVue strenghtens platform offering

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... recourse borrowing arrangements, collectibles, non custodial shares, warrants and structured products. The packages will apply to all new clients while existing clients will not be impacted unless they choose to transition. "Both investment packages ...

AMP, MLC impose Stronger Super levy

JAMES FERNYHOUGH  |  MONDAY, 15 JUL 2013
Retail superannuation providers AMP and MLC are the first retail super funds to signal that they will charge members a levy to pay for expenses related to the government's Stronger Super regime. The news came when MLC sent out a letter to advisers warning ...

Govt introduces new infra tax break

JAMES FERNYHOUGH  |  MONDAY, 15 JUL 2013
... introduced a new tax incentive aimed at encouraging private sector investment in infrastructure. The new rules will only apply to infrastructure projects considered to be 'nationally significant', and amends rules around the use of prior year losses. ...

BT insurance available on Asgard

LAURA MILLAN  |  FRIDAY, 5 JUL 2013
... and more secure about their financial future," BT head of Life Insurance Phil Hay said. A 10% platform super discount will apply to BT Protection Plans policies funded via an Asgard super account and the discount on the premium is automatically applied ...