ASIC proposes major improvements in quality of prospectuses

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ASIC is proposing an overhaul of prospectuses that would make them much easier for retail investors to use and would improve the quality of information on the proposed business model and

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Survey supports risk-based model for property insurance for natural disasters – and some government involvement

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A survey of 420 actuaries shows that an overwhelming majority (73%) support retention of a risk-rated model for property insurance with opinion divided on whether there should be premium subsidies

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Future of Financial Advice (FOFA) pack for AFA members

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AFA launches a Future of Financial Advice (FOFA) pack for members. The Association of Financial Advisers (AFA) have launched an information pack for members about FOFA reforms and their business.

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SPAA says raise the caps or exclude non-concessional contributions

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If the annual $50,000 cap can’t be raised for everyone aged 50+, then exclude non-concessional contributions from the mooted $500,000 threshold super balance. The Self Managed Super Fund Professionals Association

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AustralianSuper urges MPs to support reforms

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AustralianSuper Chief Executive Ian Silk said the prospect of an increase in the Super Guarantee (SG) from 9 per cent to 12 per cent had increased as a result of

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Operational Compliance – Can We Tick All the Pre-FoFA Boxes?

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While we don’t intend to debate the merits (or otherwise) of each component of the Future Of Financial Advice (FoFA) reforms in this article, like everyone who is truly committed

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Europe’s reversal of fortunes: core trumps peripherals

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Until recently, the defining theme of European economic monetary union since its introduction in 1999 was the convergence of the peripheral economies (ex-Soviet bloc and outlying countries) and core Europe

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The prohibitive cost of opt-in

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The cost of opt-in, estimated by Treasury and revealed in Senate Estimate hearings late last month, will effectively add around $100,000 to the running costs of an ‘average’ advisory practice.

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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

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Abolish Superannuation Guarantee age limit: FPA

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The ‘Abolition of Age Limit on Payment of the Superannuation Guarantee Charge Bill 2011’ introduced in Parliament yesterday by Opposition MP Bronwyn Bishop, would provide consistency and fairness for mature-age

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