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Showing 781 - 790 of 1019 results for James Fernyhough

Xpress Super adds direct property to SMSF platform

JAMES FERNYHOUGH  |  TUESDAY, 27 AUG 2013
Self-managed superannuation fund (SMSF) platform provider Xpress Super has added direct property to its suite of investments. The new option will allow SMSF trustees to access limited recourse borrowing arrangements (LRBAs) through two lenders, St George ...

ClearView reports 92% drop in profits

JAMES FERNYHOUGH  |  TUESDAY, 27 AUG 2013
Financial planning dealer group ClearView has reported a 92% drop in profits from last year, with net profit after tax (NPAT) of $1.9 million. This compares to NPAT of $22.3 million last year. Clearview also saw a drop in underlying NPAT, putting the ...

ISN criticises "irresponsible" CPA super report

JAMES FERNYHOUGH  |  MONDAY, 26 AUG 2013
CPA Australia's latest report on the superannuation system is "irresponsible" and based on "flawed" methodology, according Industry Super Network (ISN) chief executive David Whiteley. The central finding of the report was that the gradual rise in superannuation ...

Suncorp outsources custody to NAB

JAMES FERNYHOUGH  |  MONDAY, 26 AUG 2013
Suncorp has outsourced its entire custody and investment administration operations to National Australia Bank's custody arm, NAB Asset Servicing. Both Suncorp and NAB have said very little about the deal, and would not comment on suggestions that it ...

Rudd promises to expand Super Clearing House

JAMES FERNYHOUGH  |  FRIDAY, 23 AUG 2013
Prime Minister Kevin Rudd has said he will extend the Small Business Superannuation Clearing House service to businesses with fewer than 100 employees if he is re-elected. Currently the service is only open to businesses with 19 or fewer employees. ...

Product Dashboard could spook risk-averse members

JAMES FERNYHOUGH  |  FRIDAY, 23 AUG 2013
Increased data reporting on the Product Dashboard could see risk-averse members making overly cautious and ultimately self-defeating investment decisions, according to Tom Garcia, chief executive of the Australian Institute of Superannuation Trustees ...

NAB embroiled in £1.3 billion UK bank scandal

JAMES FERNYHOUGH  |  FRIDAY, 23 AUG 2013
The National Australia Bank (NAB) owned Scottish bank Clydesdale Bank is one of 13 UK banks that will have to pay back customers after they mis-sold protection for identity theft and credit card fraud. The Financial Conduct Authority (FCA) yesterday ...

Abbott's PPL scheme to cost retirees $1.6 billion in hidden tax

JAMES FERNYHOUGH  |  THURSDAY, 22 AUG 2013
Superannuants and lower-income shareholders could be coughing up $1.6 billion towards the Coalition's paid parental leave (PPL) scheme, it has emerged. The Coalition has said it will, in part, pay for the PPL through a 1.5% levy on business earnings ...

Wealthtrac steps up SMSF campaign

JAMES FERNYHOUGH  |  THURSDAY, 22 AUG 2013
... its business in the potentially lucrative, but hard-to-access DIY super market. As business development manager - SMSF, James Macken will be responsible for the online SMSF administration service Wealthtrac SMSF platform. Macken's most recent position ...

Treasury Group records $10m profits

JAMES FERNYHOUGH  |  THURSDAY, 22 AUG 2013
Funds management investor Treasury Group Ltd has recorded net profits of $10.4 million, an increase of 54% from last year. The investment business, specialising in boutique fund managers, put its underlying net profit after tax at $10.6 million, representing ...