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Showing 2821 - 2830 of 6884 results for "Act2"

Rice Warner predicts super fee-hike

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
Rice Warner is predicting Productivity Commission recommendations aimed to curb the number of individual superannuation accounts will impact super funds to the tune of $350 million. The researcher believes the number of superannuation accounts in Australia ...

Amendments to retirement income law assent

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
A bill amending retirement income legislation is now law, with several changes made to the legislative framework surrounding retirement income and social security receiving Royal Assent late last week. The Social Services and Other Legislation Amendment ...

Bond fund launches to local investors

KARREN VERGARA  |  MONDAY, 11 MAR 2019
A new credit fund has launched to Australian wholesale investors. The Loomis Sayles World Multi-Asset Credit Fund invests in global investment grade and high yield credit, bank and securitised loans, and emerging markets sectors. It replicates the $US2.9 ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
A promotional offer to members of a super fund exposed the grey areas of superannuation regulation, as the industry debates whether bonus frequent flyer points schemes breach the sole purpose test. AustralianSuper is currently offering 20,000 Qantas ...

New life insurer is RC good news story

HARRISON WORLEY  |  THURSDAY, 7 MAR 2019
A freshly launched life insurer believes it is the "good news story" to come from the Royal Commission. Speaking at the Sydney leg of a nationwide adviser roadshow, Integrity Life managing director Chris Powell said the firm was well positioned to take ...

MSCI ups China A-shares, managers respond

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
MSCI said it will increase weighting of China A-shares in its indices from 5% to 20% by the end of this year. Here's what managers think. Mainland Chinese shares could rise: VanEck VanEck believes the inclusion could hoist mainland Chinese shares ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
The Federal Government has opened consultation on a proposal to remove the exclusion of insurance claims handling from the definition of financial service. Industry stakeholders were worried about the unintended consequences of removing the exclusion ...

Grandfathered commissions ban unconstitutional: Association

JAMIE WILLIAMSON  |  MONDAY, 4 MAR 2019
A financial advice industry association is looking to take the Government to the High Court over the planned ban on grandfathered commissions, arguing the changes may not be constitutionally valid. The Association of Independently Owned Financial Professionals ...

Former ASFA chair sees new EQT role

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
Equity Trustees is welcoming a new deputy chair, moving a former Association of Superannuation Funds of Australia chair alongside current EQT chairman Jeff Kennett. Jim Minto has been appointed as deputy chair of Equity Trustees. It is a move set to ...

YBR in trading halt, flags loss

KARREN VERGARA  |  MONDAY, 4 MAR 2019
Yellow Brick Road has been suspended from trading for failing to lodge its half-year report. YBR told the market on Friday it will incur a statutory after-tax loss for the six months to 31 December 2018. The results include a material non-cash impairment ...