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Showing 61 - 70 of 1700 results for Michael Hobbs

Centrepoint and PIS merger agreement changed

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
The merger between Centrepoint Alliance and Professional Investment Services (PIS) is expected to go ahead but the agreement has changed. Centrepoint Alliance found no unanticipated issues with PIS during the due diligence process but the terms of the ...

Finsia launches fin services credential

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
Finsia has developed the Financial Services Professional (FSP) credential to improve conduct in the industry and enhance the calibre of the financial services workforce. It's an apprenticeship style credential where employees starting their career are ...

Vanguard to release 19 more ETFs

MICHAEL HOBBS  |  MONDAY, 28 JUN 2010
US-based Vanguard plans to provide 19 exchange traded funds (ETFs) across FTSE, MSCI, Russell and Standard & Poor's indices that it says will be cheaper than existing products. The index fund provider is developing eight equity funds and ETFs using ...

Raising SG must remain despite RSPT outcome: Brogden

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
The Investment & Financial Services (IFSA) is calling on the government to commit to increasing the superannuation guarantee (SG) to 12 per cent regardless of the outcome of the Resource Super Profits Tax (RSPT) negotiations. Speaking at an IFSA member ...

AXA sells UK life and savings business

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
UK insurance investor, Resolution Limited, has bought AXA's UK life risk business for $4.7 billion. The deal involves a $3.8 billion cash payment to AXA and up to $860 million paid to AXA in Deferred Consideration Notes. The transaction is financed ...

IFSA rebrands to the Financial Services Council

MICHAEL HOBBS  |  FRIDAY, 25 JUN 2010
The Investment & Financial Services Association (IFSA) is changing its name to the Financial Services Council, signalling a move to broaden its reach and influence. The peak body represents retail and wholesale funds management institutions spanning ...

RMBS market low risk and high return: Aberdeen

MICHAEL HOBBS  |  THURSDAY, 24 JUN 2010
Aberdeen Asset Management is tilting its local fixed income portfolios toward Australian residential mortgage-backed securities (RMBS) to capitalise on wide spreads in the "bullet proof" asset class. Victor Rodriguez, head of fixed income at Aberdeen ...

Broking firms back Suncorp update

MICHAEL HOBBS  |  THURSDAY, 24 JUN 2010
Stock research arms of Citi and Goldman Sachs JBWere give a thumbs up to Suncorp's new strategy to distribute risk insurance products directly through GIO, AAMI and APIA while continuing to develop its financial advice channel business. Geoff Summerhayes ...

Perpetual MD Deverall resigns

MICHAEL HOBBS  |  WEDNESDAY, 23 JUN 2010
David Deverall, managing director at Perpetual, has resigned from the firm after seven years at the helm but will remain in his role until either a replacement is found or until March next year. "This has been a personal decision... I believe it is ...

Advance takes advantage of down markets

MICHAEL HOBBS  |  WEDNESDAY, 23 JUN 2010
Advance Investment Solutions, which oversees BT Financial Group's multi-manager super funds, has tilted portfolios towards riskier assets to benefit from the stock picking skill of the underlying fund managers. Patrick Farrell, head of investment solutions ...