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Showing 1621 - 1630 of 2989 results for "ARRA"

Challenger enters strategic partnership with Janus

ALEX BURKE  |  THURSDAY, 2 JUL 2015
Challenger has sold its 25% stake in Kapstream Capital to Janus Capital, entering a strategic partnership with Janus in the process. Challenger chief executive Brian Benari said that the sale "opens the door for further long-term strategic collaboration ...

Corporate bond issue closes at $35m oversubscribed

STAFF WRITER  |  THURSDAY, 2 JUL 2015
Queensland property group W.A Stockwell has closed its $35 million bond issue oversubscribed following a strong response from self-managed super fund (SMSF) trustees and other sophisticated investors. The six-year senior secured amortising note issue ...

EOFY means new laws and new products

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
The new financial year rings in several legislative changes affecting the superannuation industry, including SuperStream, early access to super for terminally ill patients and new significant investor visa (SIV) rules. The Australian Tax Office (ATO) ...

Forward-thinking advisers benefit from opt-in deadline

ALEX BURKE  |  WEDNESDAY, 1 JUL 2015
ASIC's "facilitative approach" to the Future of Financial Advice (FoFA) opt-in and fee disclosure statement requirements ends today, but forward-thinking practices have nothing to worry about. The deadline was originally June 30, 2014, but it was extended ...

ASIC reviews One Big Switch, bans adviser

DARREN SNYDER  |  TUESDAY, 30 JUN 2015
A report to the Australian Securities and Investments Commission (ASIC) identifies that One Big Switch contained potentially false and misleading statements in recent insurance campaigns. Appointed by ASIC to review One Big Switch's compliance with ...

Industry super warns against uniform laws

AAP  |  FRIDAY, 26 JUN 2015
The most successful superannuation operations would be hit hardest by the federal government's planned changes, industry funds warn. But the government says millions of retirees are expected to benefit from proposed new laws to improve the way superannuation ...

Australia's largest unrated bond issue closes at $85m

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
Australia's largest unrated bond issue by rail freight operator SCT Logistics has closed its $85 million offer oversubscribed. FIIG Securities acted as sole originator for the dual-tenor issue, which comprised a four-year floating rate note series of ...

Industry moves away from upfront commissions

LAURA MILLAN  |  THURSDAY, 25 JUN 2015
Australia's life insurance advisers and providers have reached an agreement to transition from high upfront commissions to alternative remuneration models. The Association of Financial Advisers (AFA), the Financial Planning Association (FPA) and the ...

FPA pushes for three-year opt-ins

ALEX BURKE  |  WEDNESDAY, 24 JUN 2015
The Financial Planning Association is pushing for member clients to receive three-year opt-in notices rather than the two-year arrangement proposed in the Future of Financial Advice reforms. Speaking to Financial Standard, FPA chief executive Mark Rantall ...

KPMG hires heavy in financial services

DARREN SNYDER  |  TUESDAY, 23 JUN 2015
KPMG Australia's advisory division is positioning itself for a year where large corporates are expected to have more appetite for mergers and acquisitions. This is reflected in the company's recent intake of 51 new partners and executive directors ...