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Showing 2011 - 2020 of 2989 results for "ARRA"

RI Advice expands financial planning offer

LINDA HAUSKEN  |  THURSDAY, 14 JUN 2012
The merger of RI Advice Burnie and Devonport with Coles Financial Group has created Zenith Wealth, a new financial advice offering based in Tasmania. Grant Howe, managing director of Zenith Wealth said this merger means that Coles Financial Group's ...

EOFY: Review of super contributions essential

LINDA HAUSKEN  |  TUESDAY, 12 JUN 2012
To avoid clients being hit with tax penalties on excess contributions advisers should be reviewing their salary sacrificing arrangements, according to industry experts. The concessional super contributions cap is legislated to reduce from $50,000 to ...

SuperStream levy unclear

MELANIE TIMBRELL  |  MONDAY, 4 JUN 2012
The Financial Services Council has raised concerns on the expenditure of monies levied on the industry to pay for SuperStream and the manner in which they are to be raised. Speaking at public hearings of the Parliamentary Joint Committee Inquiry into ...

NSW universities face $4.3bn in super liabilities

BEN COLLINS  |  MONDAY, 4 JUN 2012
The New South Wales auditor-general has cited a "critical need" for NSW universities to negotiate funding arrangements for superannuation liabilities with the Australian Government, after an audit of the state's 10 universities. The affected schemes ...

ASIC highlights CFD compliance issues

BEN COLLINS  |  FRIDAY, 1 JUN 2012
The Australian Securities & Investments Commission review of client money handling and reconciliation practices has shown non-compliance by a number of issuers of over-the-counter contracts for difference and margin FX derivatives. The Australian Securities ...

APRA releases final form prudential standards

LINDA HAUSKEN  |  FRIDAY, 1 JUN 2012
The Australian Prudential Regulation Authority has released a set of prudential standards in final form, and a response paper as part of its review of capital standards for general and life insurers. The aims of Australian Prudential Regulation Authority's ...

BT: Focus on Count disproportionate

MELANIE TIMBRELL  |  WEDNESDAY, 30 MAY 2012
The focus on Count practices that have moved to BT ignores larger market issues, according to BT Financial's Mark Spiers, which in the last 12 months have prompted a total of 34 practices to shift to BT dealer groups. Moving to quash rumours of practices ...

Demand for US Treasuries outstrips supply

ALEX DUNNIN  |  WEDNESDAY, 30 MAY 2012
Turbulence in European debt markets is pushing global investors back towards US Treasury bonds, with demand so high that supply can't keep up. The effect is so extreme that Bloomberg has reported yields are being compressed to what are now 10-year lows. ...

FOFA disadvantages early move on fee-for-service

MELANIE TIMBRELL  |  FRIDAY, 25 MAY 2012
Draft regulation released on grandfathering and conflicted remuneration this week, may disadvantage advisers who have already moved to a fee-for-service model in line with the new FOFA regime. Dante De Gori, general manager policy and government relations ...

Sign on fees creating dealer group controversy

MELANIE TIMBRELL  |  THURSDAY, 24 MAY 2012
Selected sign on payments create a culture of haves and have-nots, according to Count chief David Lane, responding to rumours of fees in excess of $500,000 being paid to some adviser practices by other dealer groups. "At Count, we do not believe in ...