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Showing 1591 - 1600 of 2989 results for "ARRA"

New laws define inactive super members

DARREN SNYDER  |  WEDNESDAY, 30 SEP 2015
The federal government has released draft legislation aiming to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed super administrative arrangements. Under the new laws a super member will be considered inactive ...

Vision Super intra-fund advice soars

ALEX BURKE  |  TUESDAY, 29 SEP 2015
Vision Super has recorded a massive increase in financial advice given to its members over 2015. Over the past year, Vision Super's financial advice team has had 2,422 meetings with members - a 70% boost from the 1,431 meetings in 2014. General advice ...

Super funds cautious about administration

DARREN SNYDER  |  TUESDAY, 29 SEP 2015
Super fund chairs have expressed caution over the administration transition occurring at Link Group, saying there is a large responsibility to deliver the right technology outcomes for both long-standing and new clients. Speaking at an Australian Institute ...

ASIC's robo-advice taskforce to monitor AFSLs

STAFF WRITER  |  MONDAY, 28 SEP 2015
ASIC's brand new robo-advice taskforce will monitor businesses that intend to provide digital advice. The regulator thinks that "the majority of digital advice initiatives will be proposed by existing licensees rather than start-up businesses." Another ...

Super tax reform on hold for election

DARREN SNYDER  |  WEDNESDAY, 23 SEP 2015
Serious tax reform in finance is likely to be progressed in the next term of federal government according to Shadow Treasurer Chris Bowen. Speaking to the AFR Tax Reform Summit, Bowen said the change in federal government leadership was close to the ...

Plastics manufacturer launches $40m bond issue

LAURA MILLAN  |  FRIDAY, 18 SEP 2015
Plastics manufacturer Integrated Packaging Group has launched a bond issue of $40 million, available to sophisticated investors and self-managed super fund (SMSF) trustees. The four-year fixed rate senior unsecured issue is arranged by FIIG Securities ...

ASIC bans former NAB-aligned adviser

ALEX BURKE  |  THURSDAY, 17 SEP 2015
ASIC has banned a former adviser from Meritum Financial Group, which is wholly owned by NAB. Alfie Chong worked at Meritum from September 2005 to March 2006, and then July 2007 to June 2014. During that time, ASIC has alleged that Chong engaged in a ...

Vision Super joins cost cutting frenzy

LAURA MILLAN  |  MONDAY, 14 SEP 2015
Vision Super has brought down member fees by cutting operating costs by 42% and investment costs by 25%. The fund for local government and water authority employees has said that further reductions are achievable. So far, cost cuts mean that members ...

Mercer handed fine for unlicensed advice in Singapore

MARK SMITH  |  THURSDAY, 10 SEP 2015
The Monetary Authority of Singapore has fined Mercer Singapore S$15,000 ($15,100) for contraventions of the Financial Advisers Act. On 18 August, Mercer Singapore accepted composition amounts of $10,000 for contravention of section 23B(3) of the FAA ...

Regulators put super funds on notice

DARREN SNYDER  |  TUESDAY, 8 SEP 2015
The Australian Securities and Investments Commission (ASIC) has flagged new developments in post-retirement as an area it will be monitoring closely. Speaking at the Australian Institute of Superannuation Trustees (AIST) investment conference recently ...