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Showing 3051 - 3060 of 4897 results for "Alex"

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
In its final Financial System Inquiry (FSI) submission to the Treasury, the Financial Services Council (FSC) has petitioned Government to allow APRA-approved MySuper funds into the default superannuation market. Arguing that the current system stifles ...

Hockey slams Labor super tax proposal

ALEX BURKE  |  THURSDAY, 23 APR 2015
Treasurer Joe Hockey has responded to Labor's suggestion of a 15% tax on super earnings above $75,000, saying, "Labor's default position is always to increase taxes." In an interview, Hockey said he hadn't looked at the "details" of Labor's announcement ...

Industry responds to Grattan report

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
Industry Super Australia and the Association of Superannuation Funds of Australia have responded to the latest Grattan report on superannuation fees. In a statement, ISA chief executive David Whiteley said the report served as further evidence of bank-owned ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
CBA chief executive Ian Narev said that he supported the idea of individual adviser misconduct being noted on the ASIC planner register, but the issue was complicated by advisers resigning when the regulator began its investigation. Speaking at the ...

ALP outlines superannuation tax policy

ALEX DUNNIN  |  WEDNESDAY, 22 APR 2015
The federal ALP opposition has outlined a change to their superannuation tax policy that they estimate could save $1.4 billion per year and help rebalance superannuation. The policy was outlined by shadow Treasury spokesperson Chris Bowen who said it ...

No changes to neg gearing, super in Budget

ALEX DUNNIN  |  TUESDAY, 21 APR 2015
Just three weeks out from the Abbott government's second budget, the Prime Minister and Assistant Treasurer have said there will be no changes to tax policy regarding negative gearing or superannuation. On speculation that the government might act to ...

BetaShares launches ASX-listed hedge fund

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... expressing interest in exposures which help manage investment risk in the event of a downturn," BetaShares managing director Alex Vynokur said. He added that BetaShares was in the process of launching a new fund that would provide a similar exposure ...

Hedge funds bare all to seduce instos

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... hedge fund model suffered setbacks driven by the lack of liquidity and transparency," the company's head of distribution Alex Donald said. The manager spotted a demand for "a diversified alternatives fund with low volatility, daily pricing, daily liquidity ...

Signs that churning is on the wane

ALEX BURKE  |  TUESDAY, 21 APR 2015
Research by DEXX&R shows individual lump sum discontinuances in life, TPD and trauma insurance fell in the 12 months to December 2014. Further, rates of discontinuances have been falling since 2012 - having risen steadily for the previous two years ...