AFA – The Adviser’s Voice on Policy and Legislation

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Policy and advocacy will again be high on the Association of Financial Advisers (AFA)’s agenda in 2014, following a year in which the association made a total of 22 submissions on policy and regulatory change. “It has been an exceedingly demanding year from a policy perspective,” AFA President, Michael Nowak said. “By maintaining an authentic […]

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Productivity Commission report on disability care and support: Actuaries say sustainability is the key to success

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The Institute of Actuaries of Australia has today welcomed the Productivity Commission draft report Disability Care and Support as an important and comprehensive contribution to policy development on the provision of care and support for people with significant disability. “Reform of the system for disability care and support is essential from a social policy and […]

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Custody to be under the spotlight in a rebalancing world

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The peak body for Australia’s growing custodial and investment administration sector ACSA says the industry will face some unique challenges as it continues to meet the needs of institutional clients in what is shaping up to be a year of significant transition. Opening the annual ACSA conference in Sydney today, themed Investment Opportunities in a […]

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Actuaries call for wider debate on solutions for coping with future floods

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The devastating damage to property caused by the Queensland floods, has prompted the Institute of Actuaries of Australia to call for a national solution to manage future floods and natural disasters, which may include public (government) and private (insurance industry) options or a combination of both. The Institute, whose member actuaries work for insurers rating […]

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FPA welcomes TFN legislation

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The FPA welcomes Friday’s announcement introducing draft legislation to enable Tax File Numbers (TFN) to be used by super funds as the primary source to identify superannuation accounts and match them with their members. Though lost super accounts are not a major issue for clients who have a financial planner, there are of course many […]

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ING IM cuts outlook for global economic growth, sees rise in volatility and increasing divergence in investment markets

Test tube policies’ could contribute to further market volatility Positive earnings growth, attractive valuations and strong corporate wealth to drive global equity markets Australian economy to remain solid as Asian trade partners grow at fast pace Global investment manager, ING Investment Management (ING IM), says global economic growth is forecast to be significantly lower in […]

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US to launch second wave of quantative easing

The potential for policy shifts in the US economy has been the pivotal driver in financial markets ever since Fed member Bullard surprised investors early in the summer by floating the prospect of the printing presses rolling again. After what has seemed an eternity, the US Federal reserve confirmed last night that they will launch […]

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SPAA welcomes new superannuation minister Mr Bill Shorten

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SPAA looks forward to engaging the new minister on SMSF issues The Self Managed Superannuation Funds Professionals Association (SPAA) has today warmly welcomed the appointment of Mr Bill Shorten MP to the position of Assistant Treasurer and Minister for Superannuation and Financial Services. “We congratulate Mr Bill Shorten MP on his appointment as Minister for […]

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Super gains from system reforms

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Superannuation funds will save $20 billion over the next decade if the Cooper review’s SuperStream is implemented, according to new research released today by the Financial Services Council and Ernst & Young. The bulk of the savings would come from making electronic transactions mandatory and straight through processing. The research, The $20 billion dollar prize, […]

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Securing Australia’s future

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The Financial Services Council, in partnership with PricewaterhouseCoopers, today released the findings of a CEO survey on the key economic, regulatory and investment policy issues facing Australia. The survey canvassed the views of leaders from the financial services industry on issues such as national savings, infrastructure and Australia’s role in Asia. John Brogden, CEO of […]

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