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Showing 1991 - 2000 of 2989 results for "ARRA"

Mariners bid underdone

BEN COLLINS  |  TUESDAY, 14 AUG 2012
Mariner Corporation was this morning considering an appeal, after the Takeovers Panel ruled that it couldn't count on the funding for its proposed bid for Austock. Darren Olney-Fraser, Mariner CEO, was unable to confirm the appeal, but said a meeting ...

Mercer: Stronger Super adds pressure on funds

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
The compliance and cost burden created by Stronger Super reforms will put unprecedented pressure on the Australian corporate super fund industry, according to Mercer. Mercer said since the inception of compulsory super, the number of corporate super ...

UK adviser offered 50% PI discounts

ALEX DUNNIN  |  TUESDAY, 7 AUG 2012
UK wealth intermediary group Tenet has introduced a 50% discount on the cost of professional indemnity (PI) insurance for advisers promoting risk-rated multi-asset funds. Tenet, a large fee for service intermediary support services group that works ...

Market Wrap

AAP  |  TUESDAY, 7 AUG 2012
Australian shares opened stronger, buoyed by overnight leads and hopes the European Central Bank will take action soon to relieve the euro zone debt crisis. At 1015 AEST on Tuesday, the benchmark S&P/ASX200 index was up 6.6 points, or 0.15 per cent ...

First Super appoints MetLife

ALEX DUNNIN  |  TUESDAY, 31 JUL 2012
First Super has appointed MetLife Insurance Limited as its group insurance provider after a recent review of its insurance arrangements. Marc Lieberman, chief executive officer at MetLife, said, "We are committed to bringing long-term value to our relationship ...

Industry funds ride SMSF wave

MELANIE TIMBRELL  |  FRIDAY, 20 JUL 2012
Within 24 months, all large industry and corporate super funds will be offering SMSF-like capability to members. That is the prediction of Ian Dunbar, head of investment platforms at UBS Australia, which together with FNZ Australia developed the platform ...

FSC focuses FATCA talk on govt agreement

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
Financial Services Council chief John Brogden is back in Washington DC arguing for a country specific exemption for Australian super funds to avoid compliance burdens associated with the contentious FATCA regime. Under draft Foreign Account Tax Compliance ...

ASIC bans Sydney adviser

LINDA HAUSKEN  |  WEDNESDAY, 18 JUL 2012
The Australian Securities & Investments Commission has banned Sydney based adviser Colin James Oberg from providing financial services after he withdrew over $1.55 million of client funds without approval. At the time of the offence, Oberg was a financial ...

APRA updates MySuper FAQ guide

ALEX DUNNIN  |  THURSDAY, 12 JUL 2012
Superannuation regulator APRA has updated its MySuper Frequently Asked Questions guide to help super funds clarify how the new product class will operate. The guide covers general operating practices, transition arrangements and investment strategy. ...

Aust needs better PPP infra structures: Greiner

MELANIE TIMBRELL  |  WEDNESDAY, 11 JUL 2012
Canadian pension funds' aggressive appetite for Australian infrastructure assets is indicative of the failure of Australian governments to structure deals in a way suitable for local super funds. Nick Greiner, chairman of Infrastructure NSW, said yesterday ...