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Showing 5721 - 5730 of 9320 results for "Red"

Industry responds to super fees study

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Superannuation industry bodies have responded to the Grattan Institute's report on super fees, arguing that fundamental change is not necessary. Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees (AIST), said that the ...

Kinetic Super to reduce admin fees

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
Kinetic Super will reduce the fixed portion of its member administration fee by as much as 10.5%, the fund has announced. While the fund has not committed to a definite figure, it has given the 10.5% as a maximum limit. Currently the fund charges $1.90 ...

Future Fund and super returns on par

ALEX DUNNIN  |  TUESDAY, 29 APR 2014
The Future Fund has achieved rolling 3 year returns of about 9.5% pa, putting the de facto sovereign wealth fund on par with workplace super funds when the Future Fund's tax-free and member-free status is taken into account. The $98 billion Future Fund ...

Australia signs FATCA agreement with US

MARK SMITH  |  TUESDAY, 29 APR 2014
The Australian government has signed an inter-governmental agreement with the United States to implement the US Foreign Account Tax Compliance Act (FATCA) in a bid to improve international tax compliance. The agreement, together with relevant enabling ...

Japan's 1997 deja vu

BENJAMIN ONG  |  TUESDAY, 29 APR 2014
Despite market optimism over 'Abenomics' and widespread expectations that the Bank of Japan (BOJ) would eventually announce further expansion of monetary policy, Japan's stock market continues to trend lower. The Nikkei-225 index has sunk by 11.4% so ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
The government should get involved in picking default superannuation funds in order to increase competition and bring down fees, a Grattan Institute report has argued. The report, entitled 'Super sting: how to stop Australians paying too much for superannuation' ...

FoFA amendments undermine confidence in advisers: Shorten

LAURA MILLAN  |  MONDAY, 28 APR 2014
The Opposition Leader Bill Shorten said that the government's proposed amendments to the Future of Financial Advice (FoFA) legislation undermine confidence in financial advisers. Speaking to journalists in Brisbane today, Shorten said that "the government ...

Over 50s want to work longer, survey finds

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
Employer attitudes towards older people in the workforce are improving as employees show a willingness to work longer, according to a study commissioned by the Financial Services Council (FSC). The report, which was conducted by Kreab & Gavin Anderson ...

Catholic Super seeds new AllianceBernstein fund

ALICE URIBE  |  MONDAY, 28 APR 2014
Catholic Super has become the first investor in a new actively-managed AllianceBernstein Australian equities investment fund which aims to help investors in or near retirement. The Fund will form part of diversified investment options available to Catholic ...

FEATURE: Re-imagining Australia's financial future

STAFF WRITERS  |  THURSDAY, 24 APR 2014
With the deadline now closed for submissions to the Financial System Inquiry, the first investigation into the sector in 16 years, Financial Standard investigates the big themes, the surprises and what has been missed amongst the more than 250 publicly ...