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Showing 1741 - 1750 of 2989 results for "ARRA"

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
The Fair Work Commission (FWC) review of default superannuation will cost $400 million and throw the superannuation of 2.25 million Australians into "turmoil", the Financial Services Council (FSC) has claimed. The FSC's claims come on the back of a ...

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
Standard & Poor's, ABN AMRO (now RBS) and Local Government Financial Services (LGFS) will not be allowed to appeal a Federal Court ruling in favour of 12 local councils who suffered losses on investments they administered in the wake of the financial ...

Cbus and FPA sign adviser referral deal

LAURA MILLAN  |  WEDNESDAY, 23 JUL 2014
Industry super fund Cbus members will have access to Financial Planning Association (FPA) certified financial planners after the two organisations joined together to launch a referral program. The national referral program which is scheduled to start ...

US manager appoints Breakwater to bring funds to Australia

MARK SMITH  |  MONDAY, 21 JUL 2014
US-based investment firm Voya Investment Management is entering the Australian institutional market via a distribution partnership with local marketing and advisory firm Breakwater Advisory. Voya IM, formerly known as ING U.S. Investment Management ...

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
The Commonwealth Bank (CBA) has confirmed that it will provide full funding to cover costs involved with the tougher adviser education standards announced last week. As revealed by Financial Standard, CBA decided to raise adviser standards in the wake ...

New Investors Mutual LIC gets rating and platform approval

MARK SMITH  |  THURSDAY, 17 JUL 2014
Investors Mutual's new listed investment company, QV Equities, has been included on BT, Colonial First State, MLC and Macquarie's platform offerings and received ratings from Lonsec and Zenith. The company said the inclusion in leading dealer group's ...

ASIC concerned about SMSFs, warns spruikers

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
The sharp rise in promoters recommending Australians to use their self-managed super fund (SMSF) to invest in property has led the Australian Securities and Investments Commission (ASIC) to remind property developers that they need a license to operate. ...

CFMEU organiser posed as Cbus employee

JAMES FERNYHOUGH  |  TUESDAY, 15 JUL 2014
An organiser for the Construction, Forestry, Mining and Energy Union (CFMEU) has admitted to ringing up Cbus members posing as an employee of Cbus. Appearing at the Royal Commission into Trade Union Governance and Corruption this morning, CFMEU organiser ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
The Financial System Inquiry (FSI) Committee, headed up by chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
Financial System Inquiry (FSI) chairman David Murray spoke at the National Press Club following the release of the FSI interim report. "Thank you to the National Press Club for the interest you have shown in today's release of the interim report of ...