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Showing 5021 - 5030 of 6266 results for "DET"

Central plank of Cooper Review is MySuper

MICHELLE BALTAZAR  |  MONDAY, 5 JUL 2010
Following a year-long study on the efficiency of the superannuation system, the Cooper Review panel recommended the Government introduce a new default fund option for the masses to be called 'MySuper', a simple solution with dramatic consequences. The ...

Cooper recommends info dashboard for members

MICHAEL HOBBS  |  MONDAY, 5 JUL 2010
Cooper has advocated super funds create a standardised plain English 'dashboard' for members that allow them to compare the risk of different investment options and find out the fees and costs of each option. Released this morning, the Super System ...

Cooper Review wants bigger role for APRA

ALEX DUNNIN  |  MONDAY, 5 JUL 2010
The Super System Review's recommendation to expand APRA's role among superannuation could be the key to unlocking many of the potential benefits arising from the Review. This direction in the recommendations is strategically crucial because it is not ...

Down on old news

BENJAMIN ONG  |  THURSDAY, 1 JUL 2010
What really was Moody's intention in announcing that it may downgrade Spain's credit rating last night? Is it Moody's way of proving that it still matters? That it could still move markets? According to Bloomberg, "US stocks fell, extending the first ...

Rosenberg leaves AXA after review

COMPANY RELEASE  |  THURSDAY, 1 JUL 2010
The founder of AXA Rosenberg, Barr Rosenberg, has resigned from the board of the US-based firm after an external review found he did not act in accordance with company policies, following a coding error from June last year. According to a letter to ...

MLC planning arms complete fee-for-service move

MICHAEL HOBBS  |  THURSDAY, 1 JUL 2010
After a four-year transition phase, three of MLC's financial planning businesses have moved to a fee-based model. The institution confirmed it had completed the process it started in 2006 to have MLC Financial Planning, Garvan Financial Planning and ...

UK planners to face tougher standards

ALEX DUNNIN  |  THURSDAY, 1 JUL 2010
The UK Financial Services Authority is imposing yet more compliance hurdles on financial planners, this time requiring them to hold a new Statement of Professional Standing. The FSA has just released a discussion paper regarding how these new rules ...

APRA dictates investment option labels

MICHAEL HOBBS  |  WEDNESDAY, 30 JUN 2010
The prudential regulator has drawn a line in the sand on how super fund investment options are to be labelled and announced it will introduce risk-based criterion for how diversified investment options will in the future be categorised. The move kills ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
ASIC has released a consultation paper on new laws regulating mortgage early exit fees, which are unconscionable or unfair. The new paper, titled Mortgage early exit fees: Unconscionable fees and unfair contract terms (CP 135), contains proposals that ...

Centrepoint and PIS merger agreement changed

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
The merger between Centrepoint Alliance and Professional Investment Services (PIS) is expected to go ahead but the agreement has changed. Centrepoint Alliance found no unanticipated issues with PIS during the due diligence process but the terms of the ...