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Showing 1691 - 1700 of 2989 results for "ARRA"

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
The Australian Securities and Investments Commission (ASIC) should be given greater powers and more money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

ATO exec leaves to join consulting firm

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Australian Tax Office (ATO) assistant deputy commissioner for superannuation has left the regulator to join Brisbane-based consultancy firm McPherson Super Consulting. Stuart Forsyth was involved in drafting the ATO ruling on limited recourse borrowing ...

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH  |  TUESDAY, 2 DEC 2014
The Department of Social Services (DSS) has given its reasons for changing the way it assesses Challenger's Care Annuity, saying it had mistakenly been assessing it on the grounds that investors in the annuity could not get their capital back. However ...

AustralianSuper appoints Principal to advise on US real estate

MARK SMITH  |  TUESDAY, 2 DEC 2014
Giant industry fund AustralianSuper has selected Principal Real Estate as its investment advisor for its US office strategy, effective immediately. The non-discretionary mandate will focus on large, high-quality office investments in major US markets ...

Independent dealer groups eye Genesys practices

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
Centrepoint Alliance has opened its doors to Genesys advisers after the closure of the dealership and asked them to choose a dealer group aligned with their values. "The impending closure of the Genesys dealer group has shone the spotlight once again ...

Equip-AustSuper partnership draws interest

JAMES FERNYHOUGH  |  MONDAY, 24 NOV 2014
Equip's partnership with AustralianSuper as a defined benefit (DB) provider is gaining traction, with one significant prospect already in the pipeline. As well as seeing Equip take over AustralianSuper's DB scheme, the partnership will also see the ...

Hedge fund growth problem not helped by new products

MARK SMITH  |  FRIDAY, 21 NOV 2014
Hedge fund managers pinning their hopes on new products to drive inflows and business growth are underestimating the costs involved as well as the effect on margins, a new report from EY has found. The global survey compared opinions from 100 hedge ...

REST announces JV with US property developer

JAMES FERNYHOUGH  |  FRIDAY, 21 NOV 2014
REST Industry Super has joined forces with US residential property manager and developer Greystar Real Estate Partners, in a move to increase its exposure to residential developments in the United States. The ten year joint venture means REST will be ...