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Showing 3481 - 3490 of 4777 results for "July 8"

Managed accounts get FOFA boost

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
Managed Discretionary Accounts are reaping some benefits from the introduction of FOFA as advisers turn to new investment vehicles, recording $150 million of inflows during the five months to November 30 for IAS. Investment Administration Services (IAS) ...

PJC: Government needs to re-think payday reforms

RACHEL DAVIS  |  MONDAY, 5 DEC 2011
The Government's proposed reforms aimed at tightening controls over payday lenders need to be reassessed, the Joint Committee on Corporations and Financial Services has found. On 22 September 2011, the House of Representatives referred the Consumer ...

BlackRock launches sovereign risk management fund

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
BlackRock Investment Management has launched a new sovereign risk management fund for Australian institutions. BlackRock said its Global Screened Government Bond is supported by the firm's Sovereign Risk Index, and is a proprietary index ranking the ...

Melbourne director gets jail sentence

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
A former Melbourne company director has been sentenced to a total of three years and two months behind bars on charges which include insolvent trading and theft. Anula Kumari Kaye, 59, of Toorak, former director of International Consulting Group (ICG) ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Government confirms super guarantee age limit abolished

CLAIRE MCGREAL  |  TUESDAY, 29 NOV 2011
The move to scrap the superannuation guarantee age limit will give Australians an incentive to remain in the workforce for longer, according to the Government. Superannuation Minister Bill Shorten has confirmed that the amendment to abolish the age ...

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 ...