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Showing 1731 - 1740 of 2989 results for "ARRA"

Invesco launches new fund

MARK SMITH  |  WEDNESDAY, 20 AUG 2014
Invesco Australia has launched a new capital defensive income fund to the wholesale market. The Invesco Wholesale Senior Secured Income Fund opened on 14 August. It invests in US and European senior secured loans with a focus on income and preservation ...

IOOF completes SFGA buyout

LAURA MILLAN  |  WEDNESDAY, 20 AUG 2014
IOOF has effectively completed the acquisition of 100% of the shares in SFG Australia, following the buyout proposal made public in May. As part of the scheme of arrangement, SFGA shareholders could elect to receive IOOF shares only or a cash alternative ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
The Australian Prudential Regulation Authority (APRA) has released the updated framework for the supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). ...

CareSuper, Crowe Horwath partner to wind up SMSFs

STAFF WRITER  |  WEDNESDAY, 13 AUG 2014
CareSuper has set up a self-managed super fund (SMSF) wind up service in partnership with accounting and financial advice firm Crowe Horwath. CareSuper noted that the latest figures from the Australian Taxation Office (ATO) point at an increasing trend ...

Independent trustees fix wrong problem

ALEX DUNNIN  |  TUESDAY, 12 AUG 2014
The push for more independent super fund trustees has been spurred by flawed assumptions, reveals new research released by the McKell Institute. In the report 'The Success of Representative Governance on Superannuation Boards' the authors - professor ...

ASIC cracks down on advisers over PI insurance

LAURA MILLAN  |  THURSDAY, 7 AUG 2014
The Australian Securities and Investments Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations. The review targeted licensees which had not requested ...

SFGA shareholders approve IOOF acquisition proposal

ALICE URIBE  |  MONDAY, 4 AUG 2014
SFG Australia (SFGA) shareholders have voted in favour of IOOF's Scheme of Arrangement to acquire 100% of ordinary shares in SFGA. SFGA will now seek orders from the Federal Court of Australia for the approval of the Scheme at the second court hearing ...

Energy Super names new head of investments

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
Energy Super has appointed ESSSuper's William Graus to the newly-created role of general manager, investments. Graus joined Energy Super from ESSSuper, where he spent five years as senior investment officer. Prior to this he was the chief investment ...

ASX agrees to changes after ASIC review

MARK SMITH  |  MONDAY, 28 JUL 2014
The Australian Securities Exchange (ASX) has agreed to make changes to its operations to address a number of issues highlighted by the Australian Securities and Investments Commission (ASIC) in a recent review. The changes will affect the way the ASX ...

SMSF advisers gear for referrals from accountants

MARK SMITH  |  MONDAY, 28 JUL 2014
More than half (55%) of SMSF financial planners expect referrals from external accountants to be a future source of clients, CoreData's 2014 SMSF Professional Report reveals. Overall, three-quarters of all SMSF intermediaries expect 10% growth in their ...