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Showing 1931 - 1940 of 2989 results for "ARRA"

AvSuper gets MySuper approval

LAURA MILLAN  |  WEDNESDAY, 13 MAR 2013
The Australian Prudential Regulation Authority (APRA) awarded superannuation fund AvSuper with a MySuper licence, the super fund announced yesterday. Under the new licence, AvSuper will be able to offer members a MySuper option wich includes a single ...

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
For the first time in nine years, the country's financial services regulator is placing the managed accounts sector through a comprehensive review, addressing grey areas and fixing major drawbacks that have long derailed the sector's growth. Institutions ...

ASIC imposes AFSL conditions on Lionsgate

ALEX DUNNIN  |  THURSDAY, 7 MAR 2013
ASIC has imposed additional conditions on the Australian financial services licence of NSW-based Lionsgate Financial Group Pty Ltd following a surveillance of its advice business. According to the regulator, Lionsgate currently has 103 authorised representatives ...

More details needed on conflicted remuneration guide

LAURA MILLAN  |  TUESDAY, 5 MAR 2013
The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have welcomed the release of the Australian Securities and Investments Commission (ASIC) guidance on conflicted remuneration but have asked for more clarity on ...

Industry bodies welcome Code of Conduct update

LAURA MILLAN  |  MONDAY, 4 MAR 2013
The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have welcomed the release of the Australian Securities and Investments Commission (ASIC) guidance on the regulatory code of conduct. After the release of the guidance ...

Media Super backs Aussie film industry

LAURA MILLAN  |  FRIDAY, 1 MAR 2013
'Save your legs!' is a comedy cocktail of cricket and Bollywood music, a new movie backed by Media Super. The superannuation industry fund for media and arts professionals keeps supporting the Australian film industry through investing and loan initiatives ...

AFA outlines stance on conflicted remuneration

LAURA MILLAN  |  WEDNESDAY, 27 FEB 2013
The Association of Financial Advisers (AFA) has prepared a document, due for public release shortly, expressing its concerns over the Australian Securities and Investment Commission (ASIC) consultation paper on conflicted remuneration. The AFA already ...

HESTA MySuper option gains approval

ALEX DUNNIN  |  TUESDAY, 26 FEB 2013
HESTA is the latest fund to be granted approval by the regulator APRA to offer a MySuper product. The option will be centred around the highly successful HESTA Core Pool, an investment choice that already has a long established performance track record ...

Super assets up 15% to $1.5tr

ALEX DUNNIN  |  THURSDAY, 21 FEB 2013
Super funds have staged a massive bounceback, reclaiming $192 billion to post the fastest annual asset growth in two-and-a-half years to reach $1.508 trillion. Driving the growth in the APRA reported figures is the 12% average return, according to SelectingSuper ...

Rethinking the value of asset consultants

ALEX DUNNIN  |  TUESDAY, 19 FEB 2013
From being the facilitator and ideas generator, today's breed of asset consultants are fast morphing into self-contained institutional investment platforms. Following a recent restructure, Russell Investments new chief executive for the Asia Pacific ...