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Showing 661 - 670 of 1011 results for "ASF"

Calls for CGT merger relief

ELISE BURGESS  |  FRIDAY, 13 APR 2012
Lack of clarity around the Government's intention for providing capital gains taxation relief for superannuation mergers is damaging members and limiting MySuper outcomes, according to AustralianSuper and ASFA. With the rising trend of super fund mergers ...

ASFA, FSC applaud passing of SG rise

CLAIRE MCGREAL  |  TUESDAY, 20 MAR 2012
Super industry bodies have heralded last night's passing of the mining tax legislation, which paves the way for the gradual SG rise to 12 %, as an "historic" day for Australians. The legislation also provides for a super tax rebate for low-income earners ...

ASIC calls for detailed disclosure on holdings of super funds

MELANIE TIMBRELL  |  TUESDAY, 20 MAR 2012
ASIC Chair Greg Medcraft has called on all super funds to provide detailed breakdowns of asset allocation in member statements, saying simply reporting major holdings leaves room for cynicism. The rise of the self-managed super fund (SMSF) does not ...

Super funds should refocus on fixed interest

ELISE BURGESS  |  MONDAY, 19 MAR 2012
Superannuation funds need to readjust their view of fixed interest to see its potential as a pre-retirement asset class and its complexities. Dr Doug McTaggart, chief executive of QIC, said that rather than super funds thinking about fixed interest ...

Breach in contrib caps should not be taken for revenue: CPA

MELANIE TIMBRELL  |  FRIDAY, 16 MAR 2012
Speaking at the House of Representatives Committee on Economics inquiry today, Michael Davison, superannuation policy adviser, CPA, warned against using a "sledgehammer for a walnut" by overcomplicating the law for a very small number who purposefully ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
... superannuation entities as well as the responsible entity of a managed investment scheme known as the Astarra Strategic Fund (the ASF), a fund of hedge funds. Last month the government annoucned it would begin reimbursing the super accounts of over 5,000 ...

New cost estimates see MySuper equal SuperStream

MELANIE TIMBRELL  |  FRIDAY, 17 FEB 2012
The costs of implementing MySuper will equal the costs of SuperStream, according to estimates delivered in a joint Ernst & Young and Association of Superannuation Funds of Australia (ASFA) executive survey. Both MySuper and SuperStream are expected ...

ASIC to take hard line on deliberately misleading ads

CLAIRE MCGREAL  |  WEDNESDAY, 15 FEB 2012
ASIC is set to clamp down on misleading advertisments for financial products and services as part of its continued shake up of the financial services system. New guidelines released by ASIC commissioner Peter Kell emphasised the need for promoters to ...

Contrib caps improve super social equity

ALEX DUNNIN  |  WEDNESDAY, 15 FEB 2012
Tightening superannuation contribution caps over the past five years have significantly improved superannuation's social equity, claims a new research report from peak superannuation interest group ASFA. The report, the latest superannuation industry ...

Super tax subsidies don't favour the rich: Mercer

ALEX DUNNIN  |  TUESDAY, 14 FEB 2012
Mercer has released a research paper that dismisses claims retirement income funding through superannuation tax concessions favours the wealthy. The paper 'Tax, Super & the Age pension" reported that the total cost of retirement funding per person in ...