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| | | | Banned South Australian financial adviser, Trevor Wayne Carll, is facing 28 charges from ASIC, including deception, with a possible jail time of ten years for each offence. Carll, of Port Pirie, South Australia, was banned from the industry in February ... |
| | | | Superannuation funds and asset consultants want hybrid longevity risk products on the market, according to a PIMCO research paper, in an effort to keep super members and address issues of ageing populations. Research paper, Addressing Longevity Risk ... |
| | | | The Australian market looks set to open lower after Wall Street lost more than 3.5 per cent and European stocks also fell sharply overnight. At 0714 AEST on Friday, the December share price index futures contract was down 76 points at 3,890. In economic ... |
| | | | The Government has released the final details of its Stronger Super reforms policy, which could reduce the fees paid by super fund members by up to 40% with the vast majority of balances being commission free by 2017. From October 1 2013, employers ... |
| | | | ASIC has obtained urgent orders from the Federal Court to preserve invested funds in a Brisbane-based mutual fund operating without a licence, according to the regulator. The City Index Australian Mutual Fund operates on the cityindexmutual.com website ... |
| | | | QIC is to change the management structure of its funds management business, which will see the current head Hazel McNeilage depart the company by the end of the year. McNeilage's current position, head of funds management, will be dissolved with separate ... |
| | | | Self managed super fund trustees will be allowed to make improvements to property assets under a proposed new ruling from the Australian Taxation Office, which has also relaxed its interpretation of single acquirable assets. The ATO's draft ruling on ... |
| | | | Praemium has completed a $5 million capital raising, to provide for long-term growth plans and the implementation of short term cost efficiencies. Praemium requested a trading halt on Wednesday before successfully completing the $5 million capital raising ... |
| | | | Investors able to separate stock price volatility signals from a company's underlying business activity will find the Australian share market a fertile place, said Goldman Sachs yesterday in an upbeat assessment of the local bourse. Dion Hershan, Goldman ... |
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