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Showing 2301 - 2310 of 2989 results for "ARRA"

ComSuper faces executive and admin reforms

RUTH LIEW  |  MONDAY, 30 NOV 2009
Government superannuation schemes have not escaped ongoing governance reviews, with the schemes' administrator ComSuper mandated to outsource some of its work to cut taxpayer bill and the 'Commissioner for Superannuation' role dropped in favour of a ...

VISSF appoints mandate with State Trustees

RUTH LIEW  |  THURSDAY, 26 NOV 2009
The Victorian Independent Schools Superannuation Fund has appointed State Trustees Limited to provide financial planning services to its members. VISSF chose Victoria-based State Trustees after a thorough evaluation process, noted a statement from the ...

Ripoll recommends investor compensation fund

MICHAEL HOBBS  |  TUESDAY, 24 NOV 2009
The Parliamentary Joint Committee (PJC) said the government should investigate launching a "last resort statutory compensation fund" to cover financial advice licensee failings. The committee received a number of submissions from the regulator and Financial ...

Planners brace for fiduciary revolution

ALEX DUNNIN  |  TUESDAY, 24 NOV 2009
The financial planning industry's worst nightmare is about to come true with the Ripoll Report recommending advisers become fiduciaries, payments from product providers to planners should cease and that ASIC significantly step up its shadow shopping ...

Ripoll heats up sales or advice debate

RUTH LIEW  |  TUESDAY, 24 NOV 2009
Are financial planners sales professionals or do they advice clients to use products that best suit their needs? The Ripoll Inquiry has taken a serious look at where planners' allegiances lie. In fact, the Inquiry has put the spotlight on the elephant ...

Lessons learned from Opes Prime

RUTH LIEW  |  TUESDAY, 24 NOV 2009
From selling sophisticated products to retail investors to ineffective disclosure, the Ripoll Inquiry has investigated the factors that fuelled the failure of Opes Prime - and outlined what needs to be done to prevent future disasters. One of the biggest ...

AvSuper reviews custody and insurance mandates

RUTH LIEW  |  FRIDAY, 20 NOV 2009
AvSuper Fund is evaluating its long-standing custodial arrangement with National Australia Bank Asset Servicing and group insurance mandate with ING. AvSuper Fund, which had just over $1 billion in assets under management at the end of September according ...

Planners should be fiduciaries: IFSA

ALEX DUNNIN  |  THURSDAY, 19 NOV 2009
IFSA chief executive John Brogden said financial planners should have fiduciary responsibilities to always act in their clients' best interests, regardless of how they are remunerated. Speaking during a major interview on ABC's Business Lateline last ...

Bookmakers fund closer to liquidity resolution

RUTH LIEW  |  WEDNESDAY, 18 NOV 2009
Bookmakers Superannuation Fund, which in August announced it was facing liquidity issues, has made progress on the mortgages and property fronts to achieve a resolution for members. The fund applied to the Australian Prudential Regulation Authority ...

MMC pays $428 million in compensation

MEDIA RELEASE  |  MONDAY, 16 NOV 2009
Marsh & McLennan Companies, which owns consultant Mercer, has agreed to pay $428 million (US$400 million) in settlement for a lawsuit filed six years ago that accused the firm of breaking securities law covering its contingent commission practices. ...