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Showing 1551 - 1560 of 2989 results for "ARRA"

Choice of super fund won't always work: REST

DARREN SNYDER  |  FRIDAY, 8 JAN 2016
Offering a choice of superannuation fund to more Australian workers doesn't mean they will exercise the opportunity, nor make any better long-term investment decision. This was one of several views presented by REST Industry Super in its submission ...

Financial services among top taxpayers

DARREN SNYDER  |  FRIDAY, 18 DEC 2015
Financial services firms are paying some of Australia's highest tax bills as a percentage of their total income according to data released by the Australian Tax Office (ATO) yesterday. The measure highlighted that six financial services companies were ...

SMSF borrowing triples in four years

DARREN SNYDER  |  FRIDAY, 18 DEC 2015
Limited recourse borrowing arrangements within SMSFs have almost tripled in four years, the latest Australian Tax Office (ATO) statistics show. The proportion of SMSFs with borrowings has risen from 2.3% of funds in 2010 to 6.7% of funds in 2014. At ...

ASIC bans former Macquarie adviser for market manipulation

ALEX BURKE  |  FRIDAY, 18 DEC 2015
ASIC has banned a former Macquarie Equities accredited derivatives adviser for market manipulation. Working with a former Credit Suisse employee, Tony Davidof manipulated the price of MINI derivatives via sequential buy and sell trades after both pre-arranging ...

Sentry Group restructures management

ALEX BURKE  |  TUESDAY, 15 DEC 2015
Sentry Group has announced major changes to its business and management structure. Under the new arrangement, the dealer group will be divided into four divisions: business development, business solutions, compliance and corporate services. These will ...

Ending super gender gap needs collective approach

LAURA MILLAN  |  FRIDAY, 11 DEC 2015
One single strategy will not be enough to end the superannuation savings gap between men and women, industry stakeholders have concluded. Submissions to the Senate inquiry into 'Economic security for women in retirement' show that the industry is asking ...

Government proposes super portfolio disclosure

DARREN SNYDER  |  THURSDAY, 10 DEC 2015
Super portfolio disclosure is one of a number of measures tabled by the Federal Government to help Australians make more informed decisions about their superannuation. The Federal Government is also proposing using consolidated MySuper data to compare ...

Cumulus practices dumping wraps for MDAs

ALEX BURKE  |  WEDNESDAY, 9 DEC 2015
Four Cumulus Financial Group-aligned practices have started offering managed discretionary account services, finding them more efficient than wrap platforms. The practices - Shine Financial Services, Array Financial Services, Mayneline Financial Services ...

Whitehelm Capital acquires 49% stake in GE business

ALEX BURKE  |  MONDAY, 7 DEC 2015
Whitehelm Capital has acquired a 49.9% stake in General Electric Energy Financial Services' Worsley Multi-Fuel Cogeneration (Worsley Cogen) power plant. Worsley Cogen is valued at $1.2 billion and GE will retain a 50.1% stake in the business. It generates ...

Australians more reluctant to seek professional advice

LAURA MILLAN  |  WEDNESDAY, 2 DEC 2015
A global survey shows that Australians are twice as likely to turn to family and friends for financial information as they are to seek advice from a professional. The survey was conducted by global research firm GfK on behalf of the Financial Planning ...