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| | | The Australian Prudential Regulation Authority will demand greater transparency on board selection, remuneration and manager selection and insist upon higher capital holdings among super funds. APRA, which is entitled to set prudential standards from ... |
| | | | A legal challenge that questioned whether the Superannuation Guarantee Charge Act was valid under the constitution has lost in the High Court of Australia. The case, Roy Morgan Research Pty Ltd v Commissioner of Taxation, ultimately found that the Superannuation ... |
| | | | Independent dealer group, Australian Financial Services Group, has declined three alliance and merger offers from fellow planning groups as it renews its focus with new products and restructure, including a new MDA facility. The Australian Financial ... |
| | | | Financial planning services are seemingly limitless in distance after Westpac launched its first virtual financial planning service, linking Sydney-based planners to residents in a lucrative mining district. Using video-link and real-time technology ... |
| | | | The UBS board of directors has accepted the resignation of its chief executive, Oswald GrA1/4bel, after the recent rogue trading scandal that lost the Swiss bank $2.36 billion. Sergio Ermotti has been named group chief executive on an interim basis ... |
| | | | A sea of red swamped the world's equity markets - from New York to Rio and old London town - over the past 24 hours. As I've been warning the past few weeks, the global economy is weakening, the odds of another recession has increased and this is sapping ... |
| | | | The Government has released the final details of its Stronger Super reforms policy, which could reduce the fees paid by super fund members by up to 40% with the vast majority of balances being commission free by 2017. From October 1 2013, employers ... |
| | | | Gold, silver and US Treasury bonds are all psychological asset classes that will eventually burn investors, according to a chief investment strategist. James Swanson, chief investment strategist, MFS Investment Management told Financial Standard that ... |
| | | | Mercer has expanded its alternatives investment capability with an addition to its infrastructure team. Toby Buscombe will join Mercer's global infrastructure investment team later this year after more than a decade with Access Capital Advisers, most ... |
| | | | The Australian market looks set to open higher, continuing Wednesday's local upward trend and after strong rallies overseas. At 0706 AEST on Thursday, the September share price index futures contract was up 44 points at 4,240. In economic news on Thursday ... |
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