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Showing 1631 - 1640 of 2989 results for "ARRA"

Fund manager fees too high: David Neal

MARK SMITH  |  THURSDAY, 18 JUN 2015
Investment management fees are too high and if they remain unchecked then fund managers will find clients moving management capabilities in house or search for cheaper options. That's according to Future Fund managing director David Neal, who made the ...

Treasury extends tax debate

ALEX BURKE  |  WEDNESDAY, 17 JUN 2015
Treasurer Joe Hockey has announced the submissions deadline for the Tax White Paper will be extended by six weeks to July 24. Hockey said that this was because of the "strong public response" to the whitepaper along with "stakeholder interest in the ...

BTFG hires head of general insurance

MARK SMITH  |  WEDNESDAY, 17 JUN 2015
BT Financial Group (BTFG) has appointed a senior executive from Suncorp to join its insurance and investments business. Gerard McDermott has been named head of general insurance in the division. He joins from Suncorp where he was most recently executive ...

Westpac to raise capital by divesting BTIM stake

LAURA MILLAN  |  TUESDAY, 16 JUN 2015
Westpac Group will sell half of its stake in BT Investment Management (BTIM) to institutional and retail investors in a move that will raise up to $700 million and bolster its capital position. Westpac will reduce its stake in the funds management business ...

FIIG to arrange record bond issue

STAFF WRITER  |  MONDAY, 15 JUN 2015
National transport and logistics company SCT Logistics will undertake Australia's largest unrated bond issue for a private business through a dual-tenor issue of $75-85 million. The issue, which will be arranged by FIIG Securities, comprises two types ...

Actuaries say super taxes need to be reviewed

DARREN SNYDER  |  WEDNESDAY, 10 JUN 2015
Financial services representative groups are weighing in to a debate about the federal government's uncertain position regarding superannuation tax reform. Today the Actuaries Institute said there is growing clamour for clarity around superannuation ...

CPA sets up independent advice license

LAURA MILLAN  |  FRIDAY, 5 JUN 2015
CPA Australia has set up CPA Australia Advice, an independent financial planning licensee that aims to become "a new benchmark for professional and ethical conduct." The business is expected to be fully operational in 2016 and is owned by the accounting ...

Industry reacts to ASIC register update

ALEX BURKE  |  TUESDAY, 2 JUN 2015
ASIC has updated the Financial Advisers Register to include qualifications, training and professional association memberships. Announcing the changes, ASIC deputy chair Peter Kell said: "We want consumers to be able to make an informed decision in their ...

Super reforms to hurt retirees

ALEX BURKE  |  TUESDAY, 2 JUN 2015
The Treasury's proposed changes to the Age Pension in the 2015 Budget were targeted at "liquid millionaires" claiming government assistance, but some industry figures say the new rules will hit the most vulnerable retirees over the long-term. According ...

Legalsuper names new CIO

MARK SMITH  |  MONDAY, 1 JUN 2015
Legalsuper has bolstered its internal investment capability with the appointment of a new chief investment officer from Australian Unity. Edward Smith will begin his new role on 29 June and will be based at the fund's Melbourne offices. He joins from ...