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Showing 9851 - 9860 of 20558 results for "BEN"

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

ALICE URIBE  |  MONDAY, 8 DEC 2014
The SMSF Professionals Association of Australia (SPAA) has rejected the Financial System Inquiry's (FSI) recommendation that the government reinstate the prohibition on direct borrowing for limited recourse borrowing arrangements (LRBAs) by superannuation ...

Share market rallies on Murray report

AAP  |  MONDAY, 8 DEC 2014
The share market is stronger, with banks rallying on the Financial System Inquiry's recommendation that banks hold more capital. Shares in the major banks and the small regional players are firmer, a day after former Commonwealth Bank boss David Murray's ...

Are we there now?

BENJAMIN ONG  |  MONDAY, 8 DEC 2014
Yo momma! We're there now. The US Bureau of Labor Statictics' (BLS) latest update on America's employment situation - the momma of all eco stats - indicates that the economy is no longer mending, but that... it has mended. I refer not only to the much ...

Market Wrap AM

AAP  |  MONDAY, 8 DEC 2014
The Australian market looks set to open higher after Wall Street's Dow and S&P 500 reached fresh record highs on good jobs figures. At 0748 AEST on Monday, the December share price index futures contract was up 27 points at 5,360. The Dow closed just ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
Impact investment was singled out in the final report of the Financial System Inquiry as an area that needs to be given greater attention. Recommendation 32 called for ways to facilitate development of the impact investment market and encourage innovation ...

Murray calls for end to LRBAs

ALICE URIBE  |  SUNDAY, 7 DEC 2014
The Murray Inquiry has recommended that 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 ...

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
David Murray has recommended that the MySuper system be replaced by a default fund auction process similar to the Chilean model if fees do not come down considerably by 2020. The Financial System Inquiry final report has argued that superannuation fees ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...