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Showing 461 - 470 of 677 results for "Shorte"

Investment cloud clears with Govt draft proposal

ELISE BURGESS  |  WEDNESDAY, 17 AUG 2011
Moves to align Australia with other financial centres and concerns of uncertainty has prompted the Federal Government to release draft legislation on Australia's investment manager regime. In response to a recommendation by the report of the Australian ...

In defence of superannuation

ALEX DUNNIN  |  MONDAY, 15 AUG 2011
Superannuation funds earning nearly 7% per annum over the past 20 years has forced minister Bill Shorten to defend the system itself while arguing why lifting SG from 9 to 12% is still a good idea. Speaking on ABC TV's Insider's program yesterday, Minister ...

Super tribunal needs members to solve disputes

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
The Superannuation Complaints Tribunal is looking for members to resolve disputes as 13 of the 18 member appointments are set to expire in November. It is not known how many of the expiring appointments may be reappointed, nor whether the overall number ...

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
The Productivity Commission's inquiry into Australia's aged care system has released its final report. Fundamental changes to the way aged care is delivered and financed are proposed, including the move towards user pays. The Productivity Commission's ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...

FSC insurance churn action divides planners

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
Financial advisers fear that new measures from the Financial Services Council aimed at reducing churn in the insurance market will lead to some penalties for acting in the best interest of a client. Financial Services Council (FSC) chief executive officer ...

Industry looks to draw line under reforms

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
By comparing the government to a gestating sperm whale at the FSC conference, Assistant Treasurer Bill Shorten made light of slow progress implementing financial services reforms but patience is wearing thin within the industry. Shorten himself has ...

Government bowing to pressure on super risk commissions

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
The government looks set to revoke plans to altogether ban commissions on risk insurance within superannuation as it prepares to submit draft legislations on the future of financial advice in September. Speaking at the Financial Services Council conference ...

Debt crisis not so bad for Latin America

ELISE BURGESS  |  WEDNESDAY, 3 AUG 2011
A misunderstanding of Latin American financial markets and smart positioning in the face of US and European debt crisis sees Latin America shape up to an attractive investment outlook. Generally regarded for its dependency on exports, Brazil in particular ...

Intrafund advice a sticking point for Stronger Super group

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
No agreement was reached by representatives of the Stronger Super Peak Consultative Group on the contentious issue of intra-fund advice, a source present at the meetings has said. The 15-member group could not reach common ground as to what constituted ...