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Regulatory

GFC pushes ASIC to let funds provide limited advice

ALEX DUNNIN  |  TUESDAY, 11 NOV 2008
Super funds trying to respond to floods of member enquiries due to the fall-out from the GFC has pushed ASIC to grant temporary permission allowing them to provide limited advice to their fund members.

High school fin literacy for Aussies

RUTH LIEW  |  MONDAY, 10 NOV 2008
Insurance and super will soon be explained to high school students via a new government and ASIC-led financial literacy resource.

Trader caught shorting despite ban

MICHELLE BALTAZAR  |  FRIDAY, 7 NOV 2008
A Victorian-based trader could face more than two years in jail when he shorted certain stocks despite the regulator's interim short selling ban.

Sale won't affect clients: Pillar

MICHAEL HOBBS  |  TUESDAY, 4 NOV 2008
The NSW government's proposal to sell the superannuation administration provider, Pillar will not affect the businesses operations or its client accounts, according to a spokeperson for the firm.

ASIC adjusts redemption rules to help pensioners

MICHELLE BALTAZAR  |  MONDAY, 3 NOV 2008
Financial watchdog ASIC said it may offer exemptions to existing government rules on 'frozen' mortgage funds that will allow mortgage fund operators to release funds to unitholders based on 'hardship grounds'.

Mortgage funds' phantom lifeline

ALEX DUNNIN  |  WEDNESDAY, 29 OCT 2008
The Rudd government's plan to shore-up confidence in cash funds is a political master stroke because while it sounds terrific, it commits the government to nothing, will take months to have any impact and won't put dollars on the tables of retirees needing ...

No pay for failure: ACSI

RUTH LIEW  |  MONDAY, 27 OCT 2008
Leading superannuation body, the Australian Council of Superannuation Investors (ACSI), has called for a change in chief executive pay and disclosure and has labelled some CEO termination payments as "too generous".

Hedge funds slam ban extension

MICHAEL HOBBS  |  TUESDAY, 21 OCT 2008
The hedge fund industry has condemned the Australian Securities and Investments Commission's (ASIC) decision to extend the ban on short selling on non-financial stocks, declaring it will have "severe and immutable long-term effects".

Fees cause underperformance, not asset allocation: APRA

ALEX DUNNIN  |  THURSDAY, 16 OCT 2008
The latest research paper from APRA confirms that fees are the major difference in net returns between retail and not-for-profit funds, not asset allocation or differences in account balances.

Fed to bail-out corporate paper

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
The Fed is extending the bail-out from banks to company corporate paper debt with its announcement last night to create a Commercial Paper Funding Facility (CPFF).