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Showing 8131 - 8140 of 18273 results for "Plan"

Age Pension under the spotlight in tonight's budget

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
The 2015 Budget is expected to focus largely on Age Pension reforms that will likely require changes in the approach that the superannuation industry, financial advisers and professional investors take to design retirement strategies. Prior to the release ...

CCMC chief executive appointed as lead ombudsman

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
The chief executive of the Code Compliance Monitoring Committee (CCMC) for the Code of Banking Practice, June Smith, will be leaving to expand her role at the Financial Ombudsman Service from July. Smith, who is also currently the general manager of ...

SEC and FINRA issue robo warning

ALEX DUNNIN  |  TUESDAY, 12 MAY 2015
The US Securities and Exchanges Commission (SEC) has issued a warning to investors regarding what it calls 'automated investment tools,' a group of web-based tools that include robo-advisers. The warning, prepared by the SEC's Office of Investor Education ...

Market Wrap AM

AAP  |  TUESDAY, 12 MAY 2015
The Australian market looks set to open lower following falls on Wall Street overnight. At 0646 AEST on Tuesday, the June share price index futures contract was down four points at 5,570. Locally on Tuesday, official housing finance figures for March ...

SSgA appointed to rebuild Findex investment strategy

LAURA MILLAN  |  MONDAY, 11 MAY 2015
State Street Global Advisors (SSGA) will conduct a review of Findex's investment strategy and research approach, following the group's acquisition of Crowe Horwath. SSGA will be in charge of streamlining Findex's business structure and operating model ...

Cbus faces serious industry problems with super payments

DARREN SNYDER  |  MONDAY, 11 MAY 2015
... an isolated action by two employees. Cbus chief executive David Atkin said work has commenced to develop an implementation plan that will position the fund to meet members and employers future needs. "It has highlighted the major challenge we face in ...

Barrett in buyout mode, acquires CBA firm

LAURA MILLAN  |  MONDAY, 11 MAY 2015
Former ANZ advice director Paul Barrett has acquired Commonwealth Bank-owned Eureka Whittaker Macnaught through his financial planning business AZ Next Generation Advisory (AZ NGA). This is the group's first acquisition, but Barrett confirmed that it ...

Too many adviser associations: ASFA

ALEX BURKE  |  MONDAY, 11 MAY 2015
The Association of Superannuation Funds of Australia (ASFA) argued that there should be a single adviser association. Noting its "concerns" about multiple associations, ASFA said in a submission to Treasury that the current situation creates "unnecessary ...

Retirees can increase their withdrawal rate: Milliman

DARREN SNYDER  |  MONDAY, 11 MAY 2015
Actuarial consulting firm Milliman believes there are retirees who could comfortably increase their standard withdrawal rate by at least 50% per annum. A recent Milliman paper, 'The 6% Rule', aims to answer how retirees can provide for themselves and ...

Dear mom, all's good

BENJAMIN ONG  |  MONDAY, 11 MAY 2015
Happy Mother's Day! Mothers everywhere must still be bathing in the afterglow of the public (and private) displays of affection showered upon them over the one day of the year especially dedicated to mommies. Mama Mia! The sharp rebound in financial ...