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Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
Treasurer Scott Morrison's Budget missed the mark in setting superannuation policies right, proving they cannot be trusted with more than $2.1 trillion in assets, according to the Federal Opposition. Shadow Treasurer Chris Bowen and Shadow Revenue and ...

What the 2017 Budget means for you

DARREN SNYDER  |  TUESDAY, 9 MAY 2017
The entire wealth management and financial services sector will be impacted by the 2017 Federal Budget, a document that's received mixed reviews and needs caution in its digestion. Financial advisers will face several challenges as they attempt to navigate ...

Pension fund eyes Fairfax Media

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2017
... deliver shareholder value. Fairfax is continuing to progress the announced separation of Domain Group," the statement read. At close of trade on Friday, Fairfax shares were priced at $1.06. At the time of writing it had moved to $1.087, with Fairfax ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... allowing it to be resolved or proceed to the tribunal stage earlier. Preliminary results show the tribunal has been able to close complaints earlier, averaging 141 days from receipt to finalisation compared to 405 for other death benefit distribution ...

Pengana hires Morningstar manager ahead of merger vote

ALEX BURKE  |  WEDNESDAY, 3 MAY 2017
... shares upon completion of the merger would be between $3 to $3.50 per share. This would represent a 29% premium to the last close price of Hunter Hall shares on May 1. Hunter Hall's board said the proposal would create numerous benefits to shareholders ...

Voting opens for MAX Awards

DARREN SNYDER  |  WEDNESDAY, 3 MAY 2017
One hundred finalists across 20 categories will represent leading financial services marketing, advertising and sales professionals at the 2017 Financial Standard MAX Awards. As voted by Financial Standard's readership, the 2017 Marketing, Advertising ...

AIA launches flexible premium structure

KARREN VERGARA  |  MONDAY, 1 MAY 2017
Life insurance specialist AIA Australia launched a new product feature that will help clients curb costly stepped premium increases for up to 15 years. Advisers will have greater flexibility in matching premium terms to their clients' needs, with the ...

Ellerston and Coombe buy Austock stake

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2017
Superannuation reform is driving the formation of a strategic relationship between Austock and a specialist investment manager, as well as the appointment of a new director to Austock's board. Ellerston Capital has entered into a subscription agreement ...

Government reform to close super gender gap

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2017
Women are facing significant challenges when it comes to saving for retirement and the gender gap won't be relieved without government input. That was the key message shared by Minister for Financial Services and Revenue Kelly O'Dwyer in a video address ...

O Canada

BENJAMIN ONG  |  WEDNESDAY, 26 APR 2017
... Not surprisingly, the Canadian dollar dropped to a 14-month low against the US dollar before settling at US$73.67 at the close of last night's trading - down 0.5% from the previous day and 1.0% this year to date. However, Canada's stock market gained ...