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Showing 731 - 740 of 1011 results for "ASF"

Treasury targets $18.8bn in lost super

ELISE BURGESS  |  MONDAY, 7 FEB 2011
Draft legislation released by the Treasury on Friday has called for submissions regarding the use of tax file numbers (TFNs) on superannuation funds, a motion receiving mixed responses from the industry. The draft proposes to assign TFNs to identify ...

Former Astarra investment manager pleads guilty

ELISE BURGESS  |  MONDAY, 7 FEB 2011
... Richard admitted to dishonestly receiving disclosed payments in his role as investment manager of the Astarra Strategic Fund (ASF) and Astarra Superannuation Plan (ASP), and that he knowingly made materially misleading statements about the value of investments ...

Super baby bonus validity questioned

ELISE BURGESS  |  MONDAY, 7 FEB 2011
Calls for a "super baby bonus" opens door for change and a greater push for more benefits in Australian women's superannuation entitlements, according to Association of Superannuation Funds of Australia (ASFA). Last week, the Australian Council of Trade ...

Related party asset exposures pose conflict: report

RUTH LIEW  |  THURSDAY, 20 JAN 2011
In its Annual Superannuation Bulletin this year, APRA reports on the most significant asset exposures of super funds, with some obvious, and not so obvious, findings on where potential conflicts of interest could arise. According to the report, retail ...

Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
... benefit of his company. The funds Richard placed in the overseas hedge funds had been raised by the responsible entity of ASF, Trio Capital Limited. ASIC alleged that Richard and AAM received in excess of $6.4 million in undisclosed payments. Richard ...

MTAA halts new money to 'illiquid' option

RUTH LIEW  |  WEDNESDAY, 1 DEC 2010
The $5.7 billion MTAA Super Fund is closing its Target Return Option to new money, as part of the fund's plan to align its liquidity policy with best practice guidelines and proposed APRA reforms. MTAA Super said that it will no longer accept members' ...

Clouds gather in financial services

ELISE BURGESS  |  TUESDAY, 23 NOV 2010
Financial services software group IQ Business Group (IQ) responds to regulatory concerns against 'cloud computing' in financial services and says the widespread use of cloud systems is a sign of the times. IQ came forward after the Australian Prudential ...

More voice needed in policy debate: AustralianSuper

RUTH LIEW  |  THURSDAY, 18 NOV 2010
Super funds controlling Australia's $1.3 trillion retirement savings have not played a strong enough role in policy debates and need to lift their game, said the chief of the country's largest industry fund. Ian Silk, chief executive of the $33 billion ...

Cooper push for "Super Council"

ELISE BURGESS  |  FRIDAY, 12 NOV 2010
Speaking at the ASFA conference, Jeremy Cooper, leader of the recently completed Super System Review, said he will recommend the swimEC Council establish a co-regulatory super council. Cooper, who is currently completing his final report for swimEC ...

Gen Yers want advice

RUTH LIEW  |  FRIDAY, 12 NOV 2010
If you think the majority of people who seek insurance and consolidation advice are older Australians, then think again - new research shows fund members aged 25 and below are the primary seekers of single issue advice. John McMurtrie, chief executive ...