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Showing 161 - 170 of 244 results for "Modi"

FoFA still in need of changes: industry

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
After the effort by the industry to comply with the Future of Financial Advice (FoFA) regulation, the organisations representing the financial services sector are asking for adjustments to FoFA. The Financial Services Council (FSC) specified that the ...

Study finds dark pools damage market quality

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Dark pools are damaging overall price discovery and market quality in the US, according to new research by Capital Markets Cooperative Research Centre (CMCRC). Researchers from the Australian independent academic centre for capital market research looked ...

NZ Super takes stand on nuclear weapons

MARK SMITH  |  TUESDAY, 11 JUN 2013
The New Zealand Superannuation Fund (New Zealand Super) has sold its holdings in a group of nuclear base operators because they have become involved with upgrading or modifying nuclear explosive devices. Publicly listed companies Babcock & Wilcox, Fluor ...

ASIC takes aim at charitable investment funds

JAMES FERNYHOUGH  |  TUESDAY, 21 MAY 2013
The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing changes to existing exemptions for charities that raise investment funds. The proposed changes will affect approximately 200 charitable investment ...

AIST CEO asks for long term changes in super

LAURA MILLAN  |  WEDNESDAY, 3 APR 2013
Modifying superannuation six months before an election is not helpful, but super does need to change on the long term, according to the Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia. Garcia, who took over the role ...

APRA to require funds to lodge 35 data forms

ALEX DUNNIN  |  THURSDAY, 28 MAR 2013
From 1 July this year, Registrable Superannuation Entities (RSEs) will have to submit up to 35 regular data forms, more than double the number they submit today. The changes are part of the prudential regulator APRA's new StrongerSuper data requirements ...

Only 13 MySuper products so far authorised

ALEX DUNNIN  |  THURSDAY, 21 MAR 2013
The 1 July launch date of MySuper is just three months away and only 13 MySuper products have so far been authorised. The 13 products are those offered by AvSuper, Combined Fund, the Commonwealth Superannuation Corporation, HESTA Super, LUCRF, Media ...

ASIC releases draft super benefits calculator guidelines

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
ASIC has issued a discussion paper on its proposed policy for superannuation forecast calculators that clarifies assumption the regulator wants fund trustees to include. The paper also outlines what guarantees of protection they will grant if fund promoters ...

No Grexit, no Cyprexit

BENJAMIN ONG  |  WEDNESDAY, 20 MAR 2013
Go ahead punk, make my day! This is basically what the Parliament of itsy-bitsy-teenie-weenie Cyprus told its Goliath paymasters when it rejected their demand to impose a tax on bank deposits as a pre-condition to their salvation. Not one of the 56 ...

Topdocs automates SMSF deed updating

LAURA MILLAN  |  THURSDAY, 14 FEB 2013
Self Managed Super Funds document provider Topdocs released today the Topdocs SMSF Deed Update, an automated update system for deeds. The new system allows professionals save time updating SMSF deeds after legislative and rule changes. "The new update ...