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

Search Results

Showing 411 - 420 of 589 results for "ACCR"

Public pension deficit exceeds $1trn

MARK SMITH  |  TUESDAY, 16 OCT 2012
The 100 largest US-based public pensions face a funding deficit of $1.2 trillion, $300 billion more than the pension providers have reported themselves, according to a new study by Milliman. The consulting and actuarial firm's first Public Pension Funding ...

$1bn unpaid contributions returned

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
The Industry Funds Credit Control, the fund that collects bad superannuation debts from companies, has just passed the $1 billion threshold for how much unpaid super it has passed back to industry fund members. Unpaid superannuation contributions total ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
The prudential regulator announced today that it has released for public consultation its draft guidance for the transfer of funds under the MySuper legislation. The guidance is intended to assist registerable superannuation entity (RSE) licensees to ...

APRA releases final MySuper package

BEN COLLINS  |  THURSDAY, 4 OCT 2012
APRA has released its proposed final application form and instructions for the authorisation of MySuper products and a prudential standard on the transition to MySuper. The MySuper package also includes APRA's response to submissions received on the ...

Untargeted tax subsidies inept

ALEX DUNNIN  |  MONDAY, 20 AUG 2012
New research suggests that the untargeted nature of tax concessions - the mainstay of Australia's universal superannuation system - make them highly inefficient. The Australia Institute's (TAI) recently released study, 'Can the taxpayer afford 'self-funded' ...

Untargeted tax subsidies inefficient

ALEX DUNNIN  |  THURSDAY, 16 AUG 2012
The Australia Institute (TAI) has just released a study, 'Can the taxpayer afford 'self-funded' retirement", where they reveal that within five years, according to the Commonwealth Budget Papers, the costs of the nation's taxation subsidies will climb ...

AMP updates Ascend SMSF

LINDA HAUSKEN  |  FRIDAY, 27 JUL 2012
AMP has launched a new version of its Ascend SMSF service to its financial advice network with improved online features. The enhanced Ascend SMSF service enables advisers to deliver better customer experiences at lower cost as a result of improved technology ...

State Street acquires GS hedge fund admin services

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
State Street Corporation has agreed to acquire Goldman Sachs' US hedge fund administration services in a cash transaction worth approximately US$550 million. The transaction is due to be finalised early in the fourth quarter of 2012 with State Street ...

APRA updates MySuper FAQ guide

ALEX DUNNIN  |  THURSDAY, 12 JUL 2012
Superannuation regulator APRA has updated its MySuper Frequently Asked Questions guide to help super funds clarify how the new product class will operate. The guide covers general operating practices, transition arrangements and investment strategy. ...

National exam to raise quality of advice

LINDA HAUSKEN  |  FRIDAY, 29 JUN 2012
The Australian Securities & Investments Commission is set to consult with the advice industry on its proposal to develop and implement a national exam for advisers. As part of its next phase on its consultation proposal, Australian Securities & Investments ...