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11 June 2013 • By Chris Kennedy • 1 min read

ASFA takes issue with ‘deficient’ DB calculations

The Association of Superannuation Funds of Australia (ASFA) has recommended Treasury change how it determines defined benefit (DB) contributions, ...

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ASIC commences Wellington action

The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against Wellington Capital, following its ...

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Government consults on unclaimed super strategy

The government has released a discussion paper asking for feedback on its plans to raise the threshold at which inactive super accounts are sent to ...

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Product ratings do not signify comparative risk

Similar ratings do not always mean similar risk profiles for financial services products, according to an industry lawyer. Townsends Business & ...

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Credit Suisse targets foreign investors with SIV offering

Credit Suisse Private Banking has launched two new investment portfolios specifically developed for individuals applying for a Significant Investor ...

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APRA finalises super fund reporting standards

The Australian Prudential Regulation Authority (APRA) has finalised 32 of the reporting standards for APRA-regulated superannuation funds

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Financial advice takes political centre-stage

Regulation of financial advisers was the subject of heated debate in the Australian parliament yesterday, as the government reluctantly heeded the ...

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Accountants’ licence phase-in ‘generous’

Accountants wishing to advise on self-managed super funds (SMSFs) after the removal of the accountants’ exemption have been granted a generous ...

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Insurance industry must remedy ‘gaps’ in reporting

The Australian Prudential Regulation Authority (APRA) has taken the insurance industry to task for some of the ‘gaps’ in its capital adequacy ...

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Corporate super specialists may be forced out

Corporate Super Specialist Alliance (CSSA) is liaising with Treasury to find a “regulatory solution”, fearing corporate super specialists may be ...

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