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Showing 9221 - 9230 of 18128 results for "superannuation"

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
... government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds. Graeme Colley, SPAA director of technical and professional standards told Financial Standard that they were initially ...

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... rejecting it. Media reports, meanwhile, have reported the issue as being about breaking the influence of unions on superannuation fund boards, although the report did not explicitly cite this as a motivation, instead talking more generally about conflicts ...

SPECIAL REPORT: Financial System Inquiry

ALICE URIBE  |  MONDAY, 8 DEC 2014
... final report here. The report, which is likely to shape industry and regulatory policy for the financial planning, superannuation and investment management industries for years to come, was delivered by Treasurer Joe Hockey and FSI chair David Murray ...

Global shares tipped amid slow local growth

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... in the economy going into "income recession." Falling commodity prices are unlikely to have a direct effect on superannuation funds, as they are not major direct investors in commodities. According to APRA figures, as of September 2014 just 0.06% of ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... Bowen asked the government to work with the opposition to reach "bipartisan consensus on the objectives of the superannuation system," following the release of the Financial System Inquiry (FSI) final report. Bowen said that Labor welcomes the release ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... innovation in funding social service delivery. FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment. The report said that impact investing, which is growing in prominence ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation funds. It said that the government should restore the general prohibition on direct borrowing by removing Section 67A of the ...

Industry braces for majority independent directors

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
Superannuation fund boards should comprise a majority of independent directors including an independent chair, David Murray has recommended in the Financial System Inquiry final report. If the government implements this recommendation, it would represent ...

FSI favours Chile-style default super auction

JAMES FERNYHOUGH  |  SUNDAY, 7 DEC 2014
... model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees have not fallen as low as they could have done, due largely to an "absence of strong consumer-driven competition." It put ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... Nevertheless, showing just how infuriated the FSI board is over this topic is that just one year into the new MySuper superannuation regime the FSI wants it scrapped - not because it hasn't lowered fees but because it hasn't lowered them enough. Given ...