Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3471 - 3480 of 4761 results for "July 2011"

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences". The contentious proposal, which was tabled in ...

FOFA Tranche 2 reforms tabled in Parliament today

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
The FOFA Tranche 2 reforms were tabled in parliament this morning, gaining industry support and reinforcing the Government's speed to move these reforms through both houses. Included in the Tranche 2 Future of Financial Advice (FOFA) reforms are the ...

SG rise through House of Representatives

CLAIRE MCGREAL  |  WEDNESDAY, 23 NOV 2011
Leading superannuation bodies have welcomed the passage of the mining tax package through the lower House, which paves the way for the Superannuation Guarantee hike from 9 to 12 %. The 30 % tax on coal and iron ore profits, which successfully made it ...

Political debate defers FOFA clarity

CLAIRE MCGREAL  |  THURSDAY, 17 NOV 2011
With only one more round of sitting days currently scheduled for both chambers of parliament, it seems increasingly unlikely that the proposed FOFA legislation will pass through both houses before Christmas. Added to this is the fact that the government ...

Former financial adviser gets three years jail time

CLAIRE MCGREAL  |  MONDAY, 7 NOV 2011
A former Sydney financial adviser has been jailed for three years on six fraud charges. Alan Leslie Brown of Lugarno pleaded guilty in May to one count of obtaining money by deception, one count of using a false instrument and four counts of dishonest ...

Franklin Templeton launches Australian equity fund

RACHEL DAVIS  |  MONDAY, 7 NOV 2011
Following Franklin Templeton's acquisition of Australian equities manager Balanced Equity Management in July of this year, the firm has launched an Australian equities fund for both retail and institutional investors. The new fund aims to outperform ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
The superannuation system revamp continues with the introduction of legislation that will pave the way for MySuper. The Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 proposes the introduction of MySuper, a low-cost default ...

SG Bill enters parliament with strong support

ELISE BURGESS  |  WEDNESDAY, 2 NOV 2011
The Superannuation Guarantee (Administration) Amendment Bill has entered the House of Representatives today with the support of associations and government, with Minister Shorten introducing the abolishment of the age limit. In addition to increasing ...

BTIM fixed focus for new financial year

ELISE BURGESS  |  MONDAY, 31 OCT 2011
BT Investment Management results signify the group's move into the fixed income space, the impact of volatility and acquisition plans for the new financial year. In results posted today, BT Investment Management (BTIM) announced a 8% slip in funds under ...

MilitarySuper chief executive to stand down

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
Michael Seton is stepping down as chief executive of MilitarySuper from next month following the fund's merger with the ARIA group of funds in July. Seton has been at the helm of MilitarySuper since October 2010 when he took over from Paul Watson. Previously ...