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Showing 371 - 380 of 1019 results for James Fernyhough

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
Corporate super specialist advisers have found a legal loophole that could allow them to maintain a business model that has been banned under the Future of Financial Advice (FoFA) legislation. The loophole, as described by Commonwealth Bank of Australia ...

Don't be afraid of sales, industry funds told

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
Industry superannuation funds must embrace a sales culture if they are to compete with retail funds in an increasingly open market, according to Metta Group director and AustralianSuper consultant Clive Wilkinson. Speaking to an audience of not-for-profit ...

States urged to recycle infrastructure

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
The federal government is urging state governments to privatise infrastructure assets, with the creation of a $5 billion 'asset recycling initiative'. For a period of five years, the federal government will use this pool to pay state governments 15% ...

Towers Watson wins Kinetic Super contract

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
Kinetic Super has reappointed Towers Watson as its asset consultant for another three years following an "extensive review process". Paul Kessell, chief investment officer of the $2.5 billion super fund, said Kinetic Super's investment strategy focuses ...

Labor to oppose rise in pension age

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
Opposition leader Bill Shorten has said Labor will not support the government's bill to lift the Age Pension eligibility age to 70. As part of his budget reply speech in parliament yesterday, Shorten accused the government of 'haranguing' Australians ...

Governance eclipses social and environmental concerns

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
Governance almost totally eclipses environmental and social factors when it comes to stakeholder concern, a report by AXA Investment Managers (AXA IM) has shown. The report showed that stakeholders with voting rights are overwhelmingly concerned with ...

Low income retirees to feel budget pain

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
Pensioners on low incomes will be significantly worse off under the changes announced in Tuesday's budget, according to Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA). Speaking at ASFA's post-budget briefing ...

Govt needs six votes to pass pension changes

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
The government will need six cross bench votes in the Senate if it is to pass its proposed changes to the Age Pension. The government has proposed lifting the pension age to 70 by 2035, and indexing it to inflation rather than wages. The Coalition will ...

LUCRF names Sword's replacement

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
Industry super fund LUCRF Super has appointed trade unionist Charles Donnelly as its new chief executive, replacing superannuation pioneer Greg Sword who leaves at the end of June. Donnelly has been general secretary of the National Union of Workers ...

SPAA applauds tax changes to excess contributions

JAMES FERNYHOUGH  |  WEDNESDAY, 14 MAY 2014
The government will allow individuals to withdraw superannuation contributions in excess of the non-concessional contributions cap made from 1 July 2013, it has said in the budget. It said that any associated earnings in these excess contributions may ...