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Showing 411 - 420 of 682 results for "Shorte"

ALP leadership issues will delay FOFA: Chikarovski

MELANIE TIMBRELL  |  WEDNESDAY, 22 FEB 2012
The ALP leadership stoush is detracting from the government's responsibility and will likely cause further delays in gaining certainty around FOFA, said Kerry Chikarovski at an AFA event last night. The political strategist for the Association of Financial ...

Bendigo Wealth opts for scaled advice ahead of FOFA

MELANIE TIMBRELL  |  TUESDAY, 21 FEB 2012
Bendigo Wealth has announced a scaled-advice capability to drive down the cost of financial advice in an effort to address key FOFA issues such as accessibility. In a fact-sheet to planners circulated with the announcement, Bendigo Wealth wrote, "FOFA ...

Shorten locks down accountant timeline

ELISE BURGESS  |  MONDAY, 20 FEB 2012
Financial Services Minister Bill Shorten has committed to a two week deadline for legislation surrounding the role of accountants in the advice industry, in addition to reaffirming his plans to raise contribution caps. Speaking at the Self-Managed Super ...

New MLC unit focuses on accountants servicing SMSFs

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
MLC has established a new team to focus on establishing the right advice and licensing arrangements for accountants wishing to advise clients on SMSFs. The new unit, called MLC Accountant Solutions was set up in response to the volume of enquiries from ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
More than $54 million in compensation is set to be pumped into the super accounts of over 5,000 people whose retirement savings were defrauded in the collapse of Trio Capital from today. The government is granting the financial assistance to members ...

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 ...