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Showing 491 - 500 of 677 results for "Shorte"

PC to review how defaults appointed to Awards

ALEX DUNNIN  |  FRIDAY, 10 JUN 2011
The Productivity Commission will in 2012 review how default funds are appointed to Industrial Awards, said superannuation minister Bill Shorten, just one day after APRA released figures showing that the retail sector has again under performed the not-for-profit ...

Financial PDS' 'Shortened'

RACHEL DAVIS  |  THURSDAY, 9 JUN 2011
A new proposal by Finance Minister, Bill Shorten would provide a transition period of just over 12 months for those that aren't ready with their shortened PDS this year. Starting from 22 June 2012, PDS for all superannuation products and simple managed ...

Coalition adopts ALP super clearing house model

ALEX DUNNIN  |  THURSDAY, 9 JUN 2011
The Coalition has adopted the ALP's superannuation clearing house policy as their preferred way to simplify contribution payments for small businesses. Under the morphed policy, the Coalition has proposed small business employers send superannuation ...

Shorten ups Trio super levy to $750,000

ELISE BURGESS  |  WEDNESDAY, 8 JUN 2011
APRA regulated superannuation funds will pay a maximum $750,000 under the compensation levy being introduced to recoup the lost $55 million for the victims of failed investment firm, Trio Capital. Under new regulations announced, Assistant Treasurer ...

Shorten phases out drawdown relief for account-based pensions

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
Assistant Treasurer, Bill Shorten, has today announced the phasing out of drawdown relief for pensioners but made provisions for 2011-12, expected to benefit some 120,000 self-funded retirees. Under past regulations, self-funded retirees were required ...

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
Assistant Treasurer Bill Shorten has refuted claims made by planner association critics that have suggested his FOFA reforms are an industry funds puppet, with a spokesman labelling the claims as "a bit rich". Yesterday the Association of Financial ...

Proposed tough planner rules

ELISE BURGESS  |  THURSDAY, 2 JUN 2011
Financial planners could face a tougher regulator, if changes to ASIC's powers go ahead. Currently under review by the Treasury, proposals include strengthened authority to ban advisers. The reforms in question propose that harsher penalties should ...

New senior port mnger for BlackRock

ELISE BURGESS  |  WEDNESDAY, 1 JUN 2011
BlackRock Investment Management has appointed a second senior portfolio manager to its Asset Allocation Alpha Fund while 'cooling its heels' as the global economy remains unclear. Evan Jones has joined BlackRock in the newly created Sydney-based role ...

Planners commission ban skips property

ELISE BURGESS  |  MONDAY, 30 MAY 2011
Financial planners won't lose out on all commissions after Assistant Treasurer Bill Shorten confirmed the ban on commissions will not cover property investments, pushing opportunities for planners in the self-managed super fund (SMSF) space. Property ...

Super insurance simplified for funds

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
Superannuation industry organisations have welcomed new legislation that makes it easier for super funds to claim tax deductions for the cost of total and permanent disability insurance provided to members. Superannuation Minister Bill Shorten introduced ...