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| | | At least 10 credit unions are in merger talks with superannuation funds set to follow as the financial services sector consolidates, Australian Central Savings & Loans director Terry McGuirk said yesterday. Speaking at a forum on fund mergers at the ... |
| | | | A governance framework asking superannuation funds to disclose executive pay and review directors of multiple boards was launched today at the Conference of Major Super Funds on the Gold Coast. The new framework, developed by the Australian Institute ... |
| | | | There is not enough time to comprehensively deal with all the issues involved in the implementation of the Stronger Super package by June, the chair of the Federal Government's working group on the super system review has told the Conference of Major ... |
| | | | AustralianSuper has improved its nationwide representation with the appointment of Simone McGurk, the first West Australian-based director on its trustee board. McGurk, who replaces the retiring Cath Bowtell, is a director of Westscheme, which is set ... |
| | | | Thousands of 100-year-old baby boomers will live out their last days in poverty unless superannuation changes are passed, Assistant Treasurer Bill Shorten has told delegates at the Conference of Major Super Funds. Minister Shorten, who flew to the Gold ... |
| | | | The Australian stock market has received negative leads from offshore markets, after Wall Street gave up early gains to finish lower, while oil and metals prices eased overnight. At 0710 AEDT, the June share price index contract was up four points at ... |
| | | | A trial program to electronically process super fund rollovers has passed with flying colours and is now open for business. REST, Sunsuper and StatewideSuper tested out the Industry Funds Forum's new eRollover system to see whether it would accurately ... |
| | | | The Australian stock market has received positive leads from the US and Europe overnight, as investors overlooked a litany of bad news. At 0905 AEDT, the June share price index contract was up 28 points at 4,750 points, on volume of 4,457 contracts. ... |
| | | | Trust and understanding the simplicity of the advice business is the key to surviving FOFA, according to Mark Spiers, general manager of advice, BT Financial Group. Adviser are anxious around the Future of Financial Advice (FOFA) but Spiers said despite ... |
| | | | Australia's managed funds are among the world's worst in terms of disclosure, a report has found, with financial advisers caught between client commitments and secretive funds. Managed funds in Australia and New Zealand do not have to publish portfolio ... |
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