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Showing 2101 - 2110 of 2989 results for "ARRA"

SMSFs given leeway on property assets

MATT WOODINGTON  |  WEDNESDAY, 14 SEP 2011
Self managed super fund trustees will be allowed to make improvements to property assets under a proposed new ruling from the Australian Taxation Office, which has also relaxed its interpretation of single acquirable assets. The ATO's draft ruling on ...

ASIC surveillance sharpens focus on AFS licensees

MATT WOODINGTON  |  TUESDAY, 13 SEP 2011
Financial services licensees must effectively monitor business models for possible conflicts of interest and prioritise training and supervision of advisers, said ASIC, as part of plans to raise standards in the advice industry and hold gatekeepers ...

Bennelong absolute return fund earns top rating

MATT WOODINGTON  |  MONDAY, 12 SEP 2011
The Bennelong Kardinia Absolute Return Fund has received a 'highly recommended' rating from Zenith Investment Partners. The fund is the product of a joint venture between Bennelong Funds Management and the newly established Kardinia Capital, which is ...

Trio directors accept APRA suspension

ELISE BURGESS  |  FRIDAY, 9 SEP 2011
Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ...

Retail super fund commissions revealed

MATT WOODINGTON  |  TUESDAY, 6 SEP 2011
Retail super fund members paid almost $3 billion in commissions during 2010, according to new Rainmaker research. The fee study, commissioned by Industry Super Network, shows that members parted with $1.9 billion in payments linked to super investments ...

Bennelong and Legg Mason get ratings boosts

MATT WOODINGTON  |  FRIDAY, 2 SEP 2011
The recently established small caps fund, Bennelong Avoca Emerging Leaders Fund, received a 'recommended' rating from Zenith Investment Partners. The fund is a joint venture between Bennelong Funds Management and Avoca Investment Management and is co-owned ...

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The former directors of Australian Capital Reserve, the fundraising arm of Estate Property Group, have pleaded guilty to making false or misleading statements to obtain a financial advantage. Samuel Pogson and Murray Lapham each admitted to one charge ...

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
The Government's stance on the banning of commissions has proven to be a contentious issue, attracting quick responses from industry heavyweights after today's release of draft legislation of the Future of Financial Advice reforms. Despite hinting that ...

Super funds need modern platforms to disclose holdings

ALISON BEVEGE  |  FRIDAY, 19 AUG 2011
Superannuation funds worried about the cost of disclosing their portfolio holdings need to ditch their old legacy platforms, one of the world's biggest platform providers said yesterday. The Australian Securities and Investments Commission (ASIC) this ...

Bennelong lands new fund

ELISE BURGESS  |  THURSDAY, 18 AUG 2011
Bennelong Funds Management has gained a new fund from Herschel Asset Management, who lost the two portfolio managers of the fund to Bennelong in July. From September 1 this year, the Herschel Absolute Return Fund will be open to new investors and renamed ...