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Telstra Super appoints new CEO

ALICE URIBE  |  THURSDAY, 5 SEP 2013
... said. Davies expressed his excitement at joining Telstra Super, and welcomed the prospect of leading the fund through its next phase of evolution. "I am excited to join such a highly respected fund and a great team of very talented people. I look forward ...

Anne Street SMSF advice falls under ASIC radar

LAURA MILLAN  |  THURSDAY, 5 SEP 2013
... practice has agreed to engage an independent expert who will review, assess, make recommendations and report to ASIC over the next 18 months. ASIC concerns related to the low balance with which SMSFs were established and the advice not being sufficiently ...

Wonderully dreadful set of numbers

BENJAMIN ONG  |  THURSDAY, 5 SEP 2013
... by 2.4% this year and 2.7% in 2014.A At the same time, it expects the US to grow by 1.8% in 2013 before expanding by 2.7% next year.A Growth in the UK and the eurozone would continue to trail those in Australia and the US in both years. If accurate ...

Future Fund MD Burgess to step down

MARK SMITH  |  WEDNESDAY, 4 SEP 2013
... provided to the board during his time with the Fund. "Mark has played an important role in leading the Agency through its next stage of development and in the implementation of a number of important initiatives. I respect Mark's decision to return to ...

NAB hangs on to custody of UBS GAM

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
... Prime Super, which has been with NAB since 2007, recently put out a tender, and expects to announce the winner within the next week. A spokesperson from Prime Super said a major consideration was the capability of the custodians to deliver on the complicated ...

Financial services to make 100,000 millionaires by 2017

MARK SMITH  |  TUESDAY, 3 SEP 2013
A booming financial services industry will account for an explosion in the number of millionaires over the next four years, according to a report by WealthInsight. By 2017, the research and data provider said there will be an estimated 402,000 millionaires ...

Sagging commodities see drop in foreign investment

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
... behind this lag. However, he said he believes the downward trend will be short-term. However, he said that whoever forms the next government will need to address the taxation regime around managed investment trusts. "In general terms, the withholding ...

Prime targets investment in accounting firms

MARK SMITH  |  FRIDAY, 30 AUG 2013
... as well as recruiting them. The wealth management group has targeted growth beyond what it can achieve organically for the next financial year. Prime has actively reduced its debt pile in 2013, reducing net debt from $7.6 million to $5.9 million over ...

AustSafe gets MySuper approval

JAMES FERNYHOUGH  |  FRIDAY, 30 AUG 2013
... Stevens said AustSafe would help members and employers make sense of the regulatory changes as they come into play over the next few months.

IFS to triple adviser numbers in 3 years

LAURA MILLAN  |  FRIDAY, 30 AUG 2013
... which provides advice services to industry superannuation funds expects to triple its financial planner headcount in the next three years. IFS chief executive Bill Danaher told Financial Standard that advice is a key issue for industry super funds from ...