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Showing 4631 - 4640 of 6884 results for "Act2"

ASIC releases draft super benefits calculator guidelines

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
ASIC has issued a discussion paper on its proposed policy for superannuation forecast calculators that clarifies assumption the regulator wants fund trustees to include. The paper also outlines what guarantees of protection they will grant if fund promoters ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
Draft legislation rules for self managed super funds on related party transactions has alarmed industry association SPAA, which claims the provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule ...

NGS Super adds three new directors

MARK SMITH  |  WEDNESDAY, 20 MAR 2013
NGS Super, the industry fund for non-government schools, has appointed three new directors to its board following the fund's February board meeting. Geoff Newcombe, Garry Le Duff both come from the Association of Independent Schools and join as employer ...

Govt moves to enshrine 'financial adviser' label

ALICE URIBE  |  WEDNESDAY, 20 MAR 2013
In a widely anticipated move, the government has today tabled a bill that will enshrine the term "financial planner/adviser" into law. The legislation, introduced by the Minister for Financial Services and Superannuation Bill Shorten aims to enhance ...

Market Wrap AM

AAP  |  WEDNESDAY, 20 MAR 2013
The Australian market looks set to open lower following falls on European bourses as Cyprus' international bailout appeared close to unravelling. At 0655 AEDT on Wednesday, the March share price index futures contract was down 26 points at 4,977. In ...

Only 7% of fund members switched options during GFC: study

ALEX DUNNIN  |  TUESDAY, 19 MAR 2013
Super funds build their systems around investment choices yet even in response to the GFC, only a small proportion of fund members changed their investments. A research paper just published in the Australian Journal of Management, titled 'Retirement ...

Former consultant sentenced for insider trading

LAURA MILLAN  |  FRIDAY, 15 MAR 2013
The County Court of Victoria has sentenced former consultant Ulf Ronnie Lindskog after being convicted of four insider trading charges brought by the Australian Securities and Investments Commission (ASIC). Judge David Parsons sentenced Lindskog to ...

Market Wrap

AAP  |  WEDNESDAY, 13 MAR 2013
The Australian market is set to open higher as Wall Street posted a small rise and on better news from Spain, where borrowing costs eased. At 0820 AEDT on Tuesday, the March share price index futures contract was up nine points at 5,123. In economic ...

Fund stalwarts draw $6bn in Aus equities mandates

MARK SMITH  |  TUESDAY, 12 MAR 2013
Of the $10 billion worth of mandates handed out to Australian equity managers in the past 12 months, a staggering $5.97 billion has been given to just three investment houses, data from Rainmaker Information can reveal. The three fund managers, which ...

Managed accounts set for an overhaul

LAURA MILLAN  |  MONDAY, 11 MAR 2013
For the first time in nine years, the country's financial services regulator is placing the managed accounts sector through a comprehensive review, addressing grey areas and fixing major drawbacks that have long derailed the sector's growth. Institutions ...