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Showing 501 - 510 of 1019 results for James Fernyhough

SPAA calls for reduction in SMSF levy

JAMES FERNYHOUGH  |  MONDAY, 10 MAR 2014
The Australian Taxation Office's (ATOs) annual levy on self-managed superannuation funds (SMSFs) should be reduced in the May budget, according to the SMSF Professionals' Association of Australia (SPAA). SPAA's senior manager, technical and policy ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The senate has passed a bill allowing promoters of illegal early release schemes to be prosecuted. The bill is targeted at individuals or organisations that charge a fee for aiding clients in illegally accessing their superannuation before the preservation ...

Industry asked for views on managed investment schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
The Corporations and Markets Advisory Committee (CAMAC) has called for submissions to a new discussion paper on the regulation of managed investment schemes (MISs). The discussion paper follows a report on the subject of MISs published by CAMAC in 2012. ...

Media Super CIO departs

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Jon Glass has left his role as chief investment officer at industry fund Media Super. The fund will not appoint a replacement for Glass, with the position of chief investment officer being absorbed into that of chief executive. Media Super chief executive ...

ASIC drops planned MDA changes

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Planned changes to the regulation of managed discretionary accounts (MDAs) will not go ahead, the Australian Securities and Investments Commission (ASIC) has announced. In a consultation paper released in March last year, ASIC put forward a lengthy ...

Ray King added to Ashington super fund court case

JAMES FERNYHOUGH  |  THURSDAY, 6 MAR 2014
Claims for damages have risen to $14 million and a new defendant has been added to a court case against four prominent super fund - Mercer partner Ray King. The case relates to the collapse of Ashington property group in 2011. Ashington founder Craig ...

AMP becomes outright owner of NAB House

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
AMP Capital Wholesale Office Fund (AWOF) will acquire the 25% interest in NAB House at 255 George Street, Sydney, bringing its stake in the office tower to 100%. National Australia Bank (NAB) remains the main tenant of the building. AMP Capital wholesale ...

Citi appoints head of consumer banking products

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
Citi today announced the appointment of Deirdre Wroth as head of banking and wealth management products for its consumer bank in Australia. Wroth will be responsible for Citi's mortgage, deposit and insurance product teams, as well as the consumer bank's ...

CFS outlines post-awards plans

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
Colonial First State (CFS) has revealed how it will approach a post-awards environment, including the use of advisers and targeting business bank customers. The fund management and super arm of banking giant Commonwealth Bank of Australia (CBA) has ...

LGS to white label MetLife's latest offering

JAMES FERNYHOUGH  |  WEDNESDAY, 5 MAR 2014
Local Government Super (LGS) has entered an in-principle agreement to offer its members a white label version of MetLife's new suite of retirement products, MetLife Max. The new offering, which offers accumulation, transition to retirement (TTR) and ...