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Showing 411 - 420 of 677 results for "Shorte"

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
The proposed level of involvement by the Australian Prudential Regulation Authority in commercial arrangements between super funds and employers under the new draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

Shorten urges banks to stand by staff

CLAIRE MCGREAL  |  FRIDAY, 3 FEB 2012
Financial Services Minister Bill Shorten has urged Australia's banks not to fall victim to "corporate amnesia". It follows news yesterday that Westpac, which made over $6 billion in profit last year, would be slashing up to 560 jobs as part of cost ...

Super tax concessions in spotlight

MELANIE TIMBRELL  |  MONDAY, 30 JAN 2012
A new government roundtable will see industry groups argue tax concessions are the only way Australians will fully fund their own retirement. Treasurer Wayne Swan and Minister for Financial Services and Superannuation Bill Shorten announced the Superannuation ...

A bullish view could be dangerous after Davos

MELANIE TIMBRELL  |  FRIDAY, 27 JAN 2012
January has seen a positive start to the year, but taking a bullish view at the end of the rally could be a dangerous move, according to trading firm LTG GoldRock. The IMF has downgraded its growth forecast to 3.3% with a predicted fall in commodity ...

Default super inquiry receives positive response

CLAIRE MCGREAL  |  MONDAY, 23 JAN 2012
The government inquiry into the selection and ongoing assessment of default super funds has been broadly welcomed within the industry. Financial Services Minister Bill Shorten revealed on Friday that the Productivity Commission inquiry would start early ...

Demand for term deposits on the rise

MELANIE TIMBRELL  |  FRIDAY, 20 JAN 2012
Risk appetites are resulting in increased demand for the stable returns of term deposits within super and pension portfolios, according to MLC. The MLC MasterKey Fundamentals platform has today reported nearly $400 million in funds under administration ...

Aus can deal with another GFC: Shorten

CLAIRE MCGREAL  |  THURSDAY, 19 JAN 2012
Assistant Treasurer Bill Shorten says Australia is not in the same boat as Europe and is better placed to deal with another worldwide recession. The World Bank yesterday declared the global economy had entered a "dangerous period", warning it could ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
In accordance with the Government's June 22 deadline, MLC has cut the PDS for two of its flagship products to the required eight-page short-form after already releasing a short-form PDS for its MLC MasterKey Business Super in November last year. The ...

Govt releases final issue of investment manager regime

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Australia's $1.8 trillion funds management sector has received its third and final investment manager regime from the Government, designed to attract more foreign capital and help build Australia's reputation as a financial services centre. Under the ...