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Showing 1941 - 1950 of 2989 results for "ARRA"

VOFF slams MP response Trio Capital fraud

MARK SMITH  |  THURSDAY, 14 FEB 2013
Victims of Financial Fraud (VOFF) has criticised member for Thornsby Stephen Jones over his response to the Trio Capital fraud. Jones said in a WIN News interview on 11 February that he intends to present a Private Members Bill to Federal Parliament ...

Interest rate cuts drive SMSFs to FI, property

LAURA MILLAN  |  TUESDAY, 12 FEB 2013
Interest rate cuts in December 2012 drove Self Managed Super Funds (SMSF) trustees from cash holdings to fixed interest and direct property investments, Multiport SMSF Investment Patterns Survey found. Cash holdings fell 1.9% to 24.5% in the December ...

Back-off super: FSC missive to Canberra

BEN COLLINS  |  THURSDAY, 7 FEB 2013
All Australian political parties have been told to leave superannuation laws alone by the Financial Services Council, which said that the industry has 'had enough'. Financial Services Council chief executive John Brogden this morning hit out at politicians ...

How advisers can double their business value

MARK SMITH  |  WEDNESDAY, 6 FEB 2013
Putting greater emphasis on earnings can double the value of financial planning businesses, according to Centurian Market Makers' Chris Wrightson. Financial advice practices are typically valued on a multiple of annual recurring revenue with many institutionally ...

Coalition wants fund governance changes: Fletcher

BEN COLLINS  |  TUESDAY, 5 FEB 2013
Paul Fletcher, the Liberal Party member for Bradfiled who sits on the Parliamentary Joint Committee on corporations and financial services, has voiced the Federal Opposition's concerns about superannuation fund governance. Speaking yesterday in Melbourne ...

Platform asset-based fees under fire

MARK SMITH  |  THURSDAY, 31 JAN 2013
The retail platform market is on the cusp of a revolution which will see standard asset-based pricing replaced with a fee-based structure, said Chris Wrightson, managing director of Centurian Market Makers. The business broking expert says that, in ...

ISN welcomes financial planner fee guidance

BEN COLLINS  |  TUESDAY, 29 JAN 2013
Industry Super Network has welcomed fee disclosure guidance released last week by the Australian Securities & Investments Commission. Industry Super Network chief David Whiteley said that transparency around financial planner remuneration under the ...

AIST argues for fee-cap in MySuper submission

BEN COLLINS  |  FRIDAY, 18 JAN 2013
The Australian Institute of Superannuation Trustees' submission to the final tranche of the Federal Government's MySuper legislation will highlight problems with asset-based administration fees. After putting the finishing touches on its submission ...

Market Wrap PM

AAP  |  THURSDAY, 17 JAN 2013
Australian shares have opened flat as traders wait to see if the market surpasses a 19-month high reached after the New Year. At 1014 AEDT on Thursday, the benchmark S&P/ASX200 index was up 9.6 points, or 0.2 per cent, at 4,748.0 and the broader All ...

SPAA backs limited recourse borrowing rule changes

MARK SMITH  |  TUESDAY, 15 JAN 2013
The SMSF Professionals' Association of Australia has backed the government's plan to redefine limited recourse borrowing arrangements as financial products. Based on proposed changes, only fully-licensed financial planners would be able to advise on ...