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Showing 9801 - 9810 of 18128 results for "superannuation"

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
Self- managed superannuation fund (SMSF) administration company SuperHelp Australia (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up an SMSF. ASIC's concerns related ...

Market wrap AM

AAP  |  TUESDAY, 18 MAR 2014
The Australian market looks set to open higher, following the lead of international bourses with investors shrugging off concerns over Crimea's vote to secede from Ukraine and join Russia. At 0645 AEDT on Tuesday, the March share price index futures ...

GESB switches consultants from Mercer to JANA

JAMES FERNYHOUGH  |  MONDAY, 17 MAR 2014
Western Australia-based super fund Government Employees Superannuation Board (GESB) has confirmed it has switched asset consultants from Mercer to JANA. A spokesperson for the $17 billion, 354,000 member fund, which caters to employees of the state ...

PC examines Weaven's 'inverted bid' infra model

JAMES FERNYHOUGH  |  MONDAY, 17 MAR 2014
The Productivity Commission (PC) has given qualified support to Industry Super Australia's (ISA's) 'inverted bid' model for investing in greenfield infrastructure projects in its draft report on public infrastructure. Informally known as the 'Weaven ...

Super social media yet to excite members

ALEX DUNNIN  |  MONDAY, 17 MAR 2014
... YouTube subscribers, LinkedIn connections and Twitter followers. "Despite the attention given to social media among superannuation funds it is still used by only a minority of funds and even those leading the industry in the use of social media only ...

PC calls for overhaul of public infrastructure

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... users or taxpayers would foot the bill. The report gave extensive treatment of recommendations put forward by the superannuation industry, including suggestions of a liquidity guarantee and a new bid process for greenfield projects. In its submission ...

ASFA calls for consistent global regulatory standards

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
... to achieve consistent regulatory frameworks, according to Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA). Speaking at the ASFA's third Asia-Pacific Pension Forum in Beijing, China, Vamos said pension funds ...

HESTA non-committal on Transfield divestment

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
Industry super fund HESTA has given no commitment to divest from Transfield Services, following calls for it to do so from the Australian Services Union (ASU). The ASU national executive adopted the resolution on Wednesday, on the grounds that ASU members ...

FEATURE: Insuring against longevity risk

JAMES FERNYHOUGH  |  FRIDAY, 14 MAR 2014
While Australia is well on the way to cracking the accumulation phase of superannuation, the problem of how to make those funds last is yet to be solved. James Fernyhough takes a look at one potential solution: longevity insurance. There is no doubt ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
... New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...