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Regulatory

Super tops $1 trillion as retail keeps winning inflows race

ALEX DUNNIN  |  MONDAY, 26 MAR 2007
Australia's superannuation savings pool has climbed to $1 trillion at December 2006 after jumping 19 per cent during the year, said the Australian Prudential Regulation Authority (APRA).

ASIC acts to shut down scheme owing nearly $8m

HAMISH MADDEN  |  MONDAY, 26 MAR 2007
The Australian Securities and Investments Commission (ASIC) has commenced proceedings against a managed investment scheme which owes investors roughly $7.87 million.

ALP's broadband funding comes under fire

HAMISH MADDEN  |  THURSDAY, 22 MAR 2007
The Federal Labor Opposition has come under fire for its plan to build a high speed broadband fibre to the node (FTTN) network covering 98 per cent of the population, with the $4.7 billion dollar project to be bankrolled by the Future Fund's remaining ...

Compliance maze killing product innovation

WWW.THESHEET.COM  |  WEDNESDAY, 21 MAR 2007
The Australian Government must appoint an over-arching body to guide innovators through the regulatory maze or risk missing out on genuine product development in financial services, one of the entrepreneurs behind the new shared equity market contends.

Government lifts deeming rates

ALEX DUNNIN  |  MONDAY, 19 MAR 2007
Higher returns across investment markets and higher interest rates have pushed the Federal Government to lift deeming rates for the first time in three years.

ALP Govt will boost personal contributions: Swan

ALEX DUNNIN  |  FRIDAY, 16 MAR 2007
It's taken two decades, but it seems superannuation is looming as an election issue, albeit a lower order one, as the Labor Party and the Government slug it out over which Party has the best future plan for the industry and for investors.

ALP would cut financial literacy funding: Dutton

HAMISH MADDEN  |  THURSDAY, 15 MAR 2007
The Federal Government's www.understandingmoney.gov.au website has picked up a 'highly commended' award from a top selling internet magazine, but the Government has warned voters that the Opposition would cut funding for the Financial Literacy Taskforce ...

Ageing population challenges require updated IGR

ALEX DUNNIN  |  WEDNESDAY, 14 MAR 2007
Population ageing and its implications is Australia's central long-term policy challenge requiring an update to the Intergenerational Report, said Treasurer Peter Costello.

Advice already in client's best interest: FPA

ALEX DUNNIN  |  MONDAY, 12 MAR 2007
Financial advice must take into account the individual client's needs and circumstances and all conflicts must be disclosed, said Financial Planning Association (FPA) chief executive officer Jo-Anne Bloch.

Property scheme lands promoters in court

HAMISH MADDEN  |  FRIDAY, 9 MAR 2007
The promoters of Money For Living, now under administration, have been committed to stand trial on charges relating to $1 million of investor funds.