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Showing 2151 - 2160 of 2989 results for "ARRA"

ASIC bans "deceptive" planner for five years

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
Corporate watchdog ASIC has banned a financial planner for five years after he tricked his clients with shonky advice which included arranging margin loans for them, it said today. ASIC said Ian John Weaver of Clear Island Waters, Queensland, broke ...

Count morphs into super entity with new AFSL

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
Clarification around FOFA has positioned Count to become an Investor Directed Portfolio Services (IDPS) operator and Responsible Superannuation Entity (RSE) in respect of its strategic platform offerings. The independent dealer group said the cut of ...

Ministers backed to raise super contribution

MATT WOODINGTON  |  MONDAY, 2 MAY 2011
Christian Super is supporting the decision by the Baptist Union of NSW and ACT to raise the superannuation levy for Ministers of Religion from 9 per cent to 11 per cent. There have been concerns that due to unique taxation arrangements to help churches ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Dealer groups today welcomed the future of financial advice reforms - but unanimously disapproved of the banning of life insurance commissions within superannuation funds. MLC & NAB Wealth, AMP and AXA, and BT Financial Group said they were happy the ...

SPAA positive but fears bad practice post FOFA

ELISE BURGESS  |  THURSDAY, 28 APR 2011
The Self Managed Super Fund Professionals' Association (SPAA) has responded positively to the FOFA reforms but expressed fears that the banning of risk commissions may shift market. The association has concerns about dealing with risk commissions separately ...

Merger gets Japan FSA thumbs up

ELISE BURGESS  |  MONDAY, 18 APR 2011
The $1.2 billion merger between TOWER Australia and Dai-ichi Life Insurance Company (Dai-ichi Life) continues after Financial Services Agency of Japan (FSA) gives the green light. The FSA has now approved the proposed acquisition of the remaining shares ...

Super merger on track

MATT WOODINGTON  |  FRIDAY, 15 APR 2011
Towers Watson has been retained by Queensland funds City Super and LGsuper, which are on course to complete their merger by the end of June. The funds said they have appointed service providers for the merged business and have opted to continue with ...

Merged super funds coy on CEO decision

MATT WOODINGTON  |  WEDNESDAY, 13 APR 2011
Queensland's LGsuper to retain its name following merger with fellow local government super fund City Super but the chief executive of the combined business is yet to be announced. Despite making key decisions on the structure of the board of directors ...

Extra year for tax related overhauls

MATT WOODINGTON  |  FRIDAY, 8 APR 2011
The federal government has granted an extra year to both Managed Investment Trusts (MITs) and financial planners providing tax advice to come to terms with new legislation. Bill Shorten, assistant treasurer and minister for financial services and superannuation ...

Europe to follow Australian sustainability lead

MATT WOODINGTON  |  MONDAY, 4 APR 2011
UK investment managers are taking tips from Australian funds on sustainable investing practices, following the launch of the Responsible Investment Academy. Seen as a leader in innovation and leadership in the field of responsible investing, Australia ...