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Showing 1951 - 1960 of 2989 results for "ARRA"

Fewer managers drive lower fees at legalsuper

BEN COLLINS  |  FRIDAY, 11 JAN 2013
Active international equities mandates have been taken away from three managers by legalsuper, helping lower most members' fees, the industry fund's chief executive said. After reviewing all asset classes, the fund decided that Capital, Marathon and ...

Advisers at risk over asset-based fees

BEN COLLINS  |  THURSDAY, 10 JAN 2013
Advisers might need to change the way that they charge asset-based fees, which can create conflicts of interest, said finance consulting group The Fold. While the Federal Government's Future of Financial Advice (FoFA) reforms have done a clean-sweep ...

SMSF growth highest in five years

MARK STORY  |  FRIDAY, 14 DEC 2012
The number of new SMSF funds established for the 2011/12 year was 36,270, the highest in five years and the second highest ever, according to the latest ATO update. The number of windups for the same period was 994, the lowest ever by nearly 4,000. ...

HOSTPLUS consortium wins Destination Sydney bid

ALEX DUNNIN  |  WEDNESDAY, 12 DEC 2012
The HOSTPLUS industry superannuation fund has won the bid to deliver Sydney's new convention, exhibition and entertainment precinct (SICEEP). The project includes the design and construction of the expanded and enhanced international convention centre ...

Jury out on AFSL uptake by accountants

BEN COLLINS  |  THURSDAY, 6 DEC 2012
Some accountants could have no choice but to take up the proposed Australian Financial Services License when it is finalised to retain their existing clients. Minister for financial services and superannuation Bill Shorten last week released draft regulation ...

MySuper tranche three clears House of Reps

BEN COLLINS  |  FRIDAY, 30 NOV 2012
Tranche three of the Government's MySuper legislation has passed with complete support through the House of Representatives, on the last sitting day for the year. Passed yesterday, the Bill contains one of the key components of the Gillard Government's ...

Draft regulation released for Accountant Exemption

BEN COLLINS  |  THURSDAY, 29 NOV 2012
Draft regulations were released yesterday by the Minister for Financial Services and Superannuation that could see accountants provide more financial advice if it passes into law. Minister Bill Shorten released the draft regulation which he said will ...

Professional Associations Super names new chairman

MARK SMITH  |  TUESDAY, 27 NOV 2012
Professional Associations Super has appointed Frank Gullone as chairman, it was announced today. The industry super fund oversees around $2 billion of funds under management on behalf of over 420,000 members across RecruitmentSuper, Accountants Super ...

Bendigo and Adelaide Bank to buy fin planning business

BEN COLLINS  |  MONDAY, 26 NOV 2012
Bendigo and Adelaide Bank has entered into an agreement to buy Southern Financial Group's financial planning business, loan book and some of its investments. The Bank said that the deal, worth $290 million, would allow it to expand its presence in western ...

DUET Group approves internal management

BEN COLLINS  |  MONDAY, 26 NOV 2012
Plans announced in July to internalise the management of Macquarie and AMP Capital-owned utilities investor DUET Group have been approved by the listed fund's shareholders. Macquarie and AMP Capital now hope to internalise DUET's management arrangements ...