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Investment

Special bond issues could fix unaffordable housing

ALEX DUNNIN  |  TUESDAY, 16 OCT 2012
Affordable housing advocates are proposing a new special purpose housing investment bond program help to kick-start new owner-occupier housing developments.

Australia ranks third in Global Pensions

LINDA HAUSKEN  |  MONDAY, 15 OCT 2012
The 2012 Mercer Global Pension Index has shown that Australia has come in third place out of 18 countries, beating the likes of Switzerland, Canada and the UK.

BT Wrap first to hit tax statement deadline

MARK SMITH  |  MONDAY, 15 OCT 2012
BT Wrap has become the first major Australian platform to deliver all of its investors' Wrap Tax Statements for 2012.

ECT assessments down 38%

ALEX DUNNIN  |  MONDAY, 15 OCT 2012
The number of excess contribution tax (ECT) assessments fell 38%, according preliminary data from the ATO.

Guidance sought on Wellington's share distrib plans

MARK STORY  |  MONDAY, 15 OCT 2012
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court challenging whether Wellington Capital Limited (Wellington) is legally able to distribute shares, as opposed to cash, to the unitholders in the ...

Airlie selects RBC as custodian

MARK SMITH  |  MONDAY, 15 OCT 2012
Airlie Funds Management has appointed RBC Investor Services as a global custodian, it was announced today.

ASIC champion hybrid name change

LINDA HAUSKEN  |  FRIDAY, 12 OCT 2012
Australian Securities & Investments Commission is pushing for the industry to use the label 'capital note' instead of 'hybrid securities', as part of its ongoing focus on misleading and deceptive advertising.

IOSCO recommends reforms to the $4.7tr MMF sector

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
An IOSCO review into the $4.7 trillion global money market fund sector has recommended further reforms to prevent a recurrence of the contagion crisis that fuelled the GFC in 2008.

Six year ban for mortgage broker

LINDA HAUSKEN  |  THURSDAY, 11 OCT 2012
Sydney-based mortgage broker Athol Halvorsen, has been banned from providing financial services for six years after ASIC found he had engaged in false and misleading conduct.

Annuities lead US advice requests

ALEX DUNNIN  |  WEDNESDAY, 10 OCT 2012
Annuities are the number one product class US investors are requesting advice for, according to a new report on the US annuities and the insurance sector by Cerullui Associates.