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Showing 911 - 920 of 4334 results for "FIG"

MYEFO sees bond issuance drop

ALEX DUNNIN  |  TUESDAY, 18 DEC 2018
The Federal Government's revised Budget figures reveal a sharp reduction in the deficit and a 26% reduction in required bond issuance for this financial year. "Treasury bond issuance for the year is now expected to be around $52 billion compared with ...

Labor pledges tougher unpaid super penalties

KARREN VERGARA  |  MONDAY, 17 DEC 2018
Labor is promising to crack down on "dodgy" employers that underpay or fail to pay superannuation with tougher penalties if it comes to power. Shadow Treasurer Chris Bowen proposed new measures over the weekend in a bid to curb the "enormous issue" ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
MLC confirmed that one of its superannuation funds under the Plum brand incurred an administration error. It is understood the admin error affected about 30 members from a legacy ExxonMobil defined benefit scheme. MLC did not disclose if the incorrect ...

Chief economist update: So much Brexit uncertainty, so little time

BENJAMIN ONG  |  WEDNESDAY, 12 DEC 2018
When UK prime minister Theresa May declared that "Brexit is Brexit" and "no Brexit deal is better than a bad Brexit deal" when she addressed EU ambassadors in London on the 17 January 2017, she laid out 12 objectives for Brexit negotiations: 1. Clarity ...

Advisers failing to submit SMSF returns

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
More than 2700 tax practitioners, who are also trustees of their self-managed superannuation fund, have outstanding SMSF annual returns. This latest figure comes from the Tax Practitioners Board as it launches a new compliance strategy. The TPB is calling ...

IOOF future uncertain: Morningstar

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
The planned sale of ANZ Wealth to IOOF is under threat as a result of the uncompromising action of APRA. As such, Morningstar has placed the stock IOOF Holdings under review. Morningstar described the action brought against IOOF by APRA as a major hit ...

And so this is Christmas, another year (almost) over

BENJAMIN ONG  |  MONDAY, 10 DEC 2018
The "mother of all eco stats" - the US employment report - has been released. But it was neither here nor there and by the looks of it, it didn't make an iota of a difference that the Fed will raise the fed funds rate by another 25 basis points ...

New SG laws hit Senate

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
New laws giving the ATO stronger powers to enforce superannuation guarantee obligations has progressed before the Senate. If the Treasury Laws Amendment (Measures No.4) Bill 2018 is passed, the Commissioner of Taxation will be able to issue a written ...

Why indexing is big business

KARREN VERGARA  |  TUESDAY, 4 DEC 2018
With over three million active benchmarks across the globe growing exponentially, the changing nature of index providers is becoming increasingly more relevant in the investment process. The disproportionate ratio of stocks to indices shows no sign ...

Blue Sky LIC adds new directors, denied pay rise

JAMIE WILLIAMSON  |  THURSDAY, 29 NOV 2018
Two new board directors have been appointed to oversee the Blue Sky Alternative Access Fund. At the same time, a six-figure aggregate increase to the annual remuneration of non-executive directors was not approved by shareholders. Based on proxy forms ...