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Showing 2121 - 2130 of 2989 results for "ARRA"

OnePath arms planners with post FOFA program

MATT WOODINGTON  |  MONDAY, 4 JUL 2011
OnePath is aiming to help advisers adapt to life after FOFA with the launch of its FutureReady program, providing information updates and tools to help advice businesses implement fee for service. FutureReady features online technical papers, transition ...

Merged LGsuper fund born today

ALISON BEVEGE  |  FRIDAY, 1 JUL 2011
Today marks the first official day of LGsuper and City Super as a merged entity. The superannuation funds combined last night to form the third largest super fund in Queensland with $6 billion in funds under management and almost 100,000 members, LGsuper ...

Commonwealth trustee reforms passes Senate

ALEX DUNNIN  |  WEDNESDAY, 29 JUN 2011
Legislation consolidating the trustee arrangements of the Commonwealth's main military and civilian superannuation schemes into a single entity passed the Senate this week. In a statement, the government said the new structure will modernise commonwealth ...

Super heavyweights join forces

ELISE BURGESS  |  WEDNESDAY, 22 JUN 2011
Superannuation associations are joining forces to send the Treasury a proposal to remove plans to introduce the proposed $500,000 balance threshold for individuals over age 50. Association of Superannuation Funds of Australia (ASFA), Self-managed Super ...

ASX grants Chi-X access to TAS

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
The ASX Group (ASX) has decided to allow Chi-X Australia to use its new Trade Acceptance Service (TAS), with Chi-X signing a non-exclusive arrangement. By allowing Chi-X to use the system, investors will now be able to clear and settle transactions ...

MLC deals first blow in planning recruitment drive

MATT WOODINGTON  |  FRIDAY, 17 JUN 2011
MLC said that it hopes to add "many more" financial advisers to its ranks after Haywood Financial Management & Partners agreed to join one of its dealer groups after quitting AXA. Melbourne-based Haywood Financial, which is run by director Scott Hayward ...

NAB sued over financial advice

ALISON BEVEGE  |  FRIDAY, 17 JUN 2011
The National Australia Bank is being sued after a financial planner allegedly told a couple to invest more than half of their portfolio in two European property trusts, losing them more than a million dollars. In 2007, Victorian cattle farmers Malcolm ...

van Eyk calls for pay for ratings disclosure

PRESS RELEASE  |  FRIDAY, 17 JUN 2011
In its future of financial advice (FOFA) submission, investment research house, van Eyk has called for the disclosure of the pay for ratings research model, not currently integrated into the proposed reforms. "As part of the arrangement where a client ...

Tax strategies from ATO, Cavendish

ELISE BURGESS  |  FRIDAY, 17 JUN 2011
The Australian Taxation Office (ATO) has cautioned investors when creating a tax effective strategy, warning of the hidden consequences of new investment arrangements. The ATO has issued a new guide, Understanding tax effective investments, in a bid ...

MLC clarifies AXA adviser hunt

MATT WOODINGTON  |  WEDNESDAY, 15 JUN 2011
MLC has confirmed that it is attempting to capitalise on uncertainty among advisers following the AMP/AXA merger by offering one off payments to lure new talent. In an email sent to its own rank of advisers, MLC's executive general manager, advice and ...