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Showing 5441 - 5450 of 6884 results for "Act2"

ASX power handover to ASIC heralds new trading rules

PRESS RELEASES  |  FRIDAY, 9 JUL 2010
Starting next month, investors will have to follow a new set of trading rules when regulator ASIC takes over the supervisory role historically held by the local bourse. Chris Bowen, minister for financial services, superannuation and corporate law ...

Coding error review prompts sell rating

MEDIA RELEASE  |  FRIDAY, 9 JUL 2010
Standard & Poor's Fund Services has rated the AXA Wholesale Global Equity - Core fund as a "sell" after the final review from AXA Rosenberg about the mishandling of a coding error, which ultimately led to the group founder's resignation and demotion ...

Market Wrap - Morning

AAP  |  FRIDAY, 9 JUL 2010
The Australian market is likely to open higher after another surge on overseas markets overnight. Key indices were higher, as was oil and copper, although silver and gold were lower. At 0728 AEST on the Sydney Futures Exchange, the September share price ...

AAS, Pillar and Superpartners brace for SuperStream

COMPANY RELEASE  |  WEDNESDAY, 7 JUL 2010
Three of Australia's largest fund administrators - AAS, Pillar Administration and Superpartners - have formed an affiliation that will take on board the recommendations from the Cooper Review to improve super fund back office efficiencies. The Superannuation ...

Olive branch for SMSF art investors

MEDIA RELEASE  |  TUESDAY, 6 JUL 2010
SMSFs' investments in exotic assets including art may be banned if the Cooper Review's recommendations go ahead - but one of the review's panelists, Meg Heffron, said art is still an option for investors, if they restructure their fund. Heffron, one ...

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 ...

Review reinforces power of fund scale

RUTH LIEW  |  MONDAY, 5 JUL 2010
The importance of fund scale and consolidation were some of the key issues highlighted by the Cooper Review, but some players are skeptical on the need for mega funds. In the report, the review panel pointed out that "lack of scale" was one of the key ...

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 ...

Market Wrap - Midday

AAP  |  FRIDAY, 2 JUL 2010
The Australian share market was making gains at noon, following the scrapping of the Resources Super Profits Tax. At 1200 AEST, the benchmark S&P/ASX200 index was up 23.1 points, or 0.55 per cent, at 4,260.6 points, while the broader All Ordinaries ...

The disappearing act of lose-lose funds

MICHELLE BALTAZAR  |  FRIDAY, 2 JUL 2010
Fund managers and super funds are responding to the 'credibility gap' in the wake of the GFC with major reforms to the way they structure fees, create products and meet their fiduciary duties, research found. This week, UK-based CREATE-Research released ...