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DHS to takeover early super release on compassionate grounds

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
... announced a structural shake-up of the early release of superannuation benefits on specified compassionate grounds. From next month, the Department of Human Services (DHS) will take over the administration of the payments from Medicare/DHS, who have ...

ASX: Breakdown unrelated to Monday's Chi-X launch

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
... four-hour trade stoppage wasn't good enough, but said it had nothing to do with the launch of rival exchange operator Chi-X next week. ASX Trade was down from 10.05 am to just after 2 pm following a network connectivity issue with US technology provider ...

Cup Day: Aussies to win

BENJAMIN ONG  |  THURSDAY, 27 OCT 2011
... longer. Speaking of guessing, the guesswork on whether or not the Reserve Bank of Australia (RBA) will cut interest rates next month has been made easier after yesterday's oh so good inflation reading. So good that an RBA rate cut has become the odds-on ...

ASIC accepts Commonwealth Financial Planning EU

MEDIA RELEASE  |  WEDNESDAY, 26 OCT 2011
... management framework. The implementation of the plan will be the subject of review and ongoing reporting to ASIC over the next two years by an independent expert (whose engagement is to be approved by ASIC). Where a client is found to have been adversely ...

MacMillan wins AFA Adviser of the Year

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
... the end of that 12 months, we re-engaged them again and discuss their strategy, how the year progressed and plans for the next 12 months," said MacMillan. "We have been doing opt-in for a couple of years now and we have had no trouble re-engaging the ...

Vow Financial opens second Sydney office

CLAIRE MCGREAL  |  WEDNESDAY, 26 OCT 2011
... joint venture partnership model in Sydney, with another office in North Sydney. Vow Wealth is also opening an office in Perth next month, along with an office to service the Hunter region and Central Coast, with plans afoot for offices in Victoria and ...

D-day deferred

BENJAMIN ONG  |  WEDNESDAY, 26 OCT 2011
... once again continue to kick the crisis can further down the road and promise (again) to come up with a solution, perhaps to next month when the G20 hold another gabfest, this time in Cannes. In which case, the buy on hope, sell on Franco-German disagreement ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 26 OCT 2011
... The Conference Board index measures how shoppers feel about business conditions, the job market and their outlook for the next six months. The Dow Jones Industrial Average fell 207 points, or 1.7 per cent, to close at 11,706.62. The Standard & Poor's ...

ASIC releases equity market structure paper

ELISE BURGESS  |  MONDAY, 24 OCT 2011
... trading activities. "We have an efficient regulatory framework with controls in place to enable competition," said Gibson. "The next step is to consider how emerging trading issues will impact our market over the coming years and enhance our framework ...

Superannuation alliance speeds up rollover times

CLAIRE MCGREAL  |  MONDAY, 24 OCT 2011
... Affiliation of Superannuation Practitioners is to fully implement its electronic rollover program for member organisations over the next 12 months following its success on a pilot basis since September. The electronic solution, which allows ASP members ...