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| | | Around one in three working Australians will be denied up to $500 each year under opposition leader Tony Abbott's plan to cut the Low Income Superannuation Contribution (LISC), minister for Financial Services and Superannuation Bill Shorten said. According ... |
| | | | ... billion overhaul of core systems while National Australia Bank chief executive Cameron Clyne confirmed a $1 billion year plan for investment in systems and back-office infrastructure in a strategy update last month. Given the sheer weight of investment ... |
| | | | The Australian stock market looks set to open lower after a negative finish on Wall Street. At 0800 AEST on Friday, the June share price index futures contract was 12 points lower at 4,920 points, with 4,431 contracts traded. In economics news on Friday ... |
| | | | Commonwealth Financial Planning has announced the restructure of its adviser remuneration packages. As part of the changes it has removed trail commissions for advisers on managed investments and platforms. Insurance renewal revenue will be shared at ... |
| | | | ... workers in 2010, but this was down to 4.6 in 2012. According to Business Health, practices should have an effective business plan for the next 12 months, should seek regular feedback from the client, apply client segmentation and prepare a transition ... |
| | | | Another bumper quarter for Challenger, with today's results showing Funds Under Management (FUM) reached $40.9 billion at the end of March 2013, an increase of 30% for the year and up 7% for the quarter. Challenger Life, the division behind the annuity ... |
| | | | Reforms to the tax treatment of deferred lifetime annuity (DLA) products has added greater security for Australian retirees, according to Towers Watson. The new rules, if enshrined by legislation, remove inconsistencies between the manner deferred annuities ... |
| | | | Colonial First State (CFS) has created a full-service wrap platform to assist advisers in meeting the regulatory requirements of the incoming Freedom of Financial Advice (FoFA) regime. The platform, called 'Ultimate' consists of a superannuation and ... |
| | | | ... economy, this too is made in Europe. Carbon prices fell after the European Parliament rejected the European Commission's plan to backload - that is, take 900 million tonnes of carbon credits off market and return them when the region's economy is stronger ... |
| | | | Pitcher Partners, the liquidators appointed to wind up financial business brokering firm Kenyon Prendeville, are considering reporting breaches to the Australian Securities and Investments Commission (ASIC) after one of the partners, Alan Kenyon, failed ... |
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