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Showing 91 - 100 of 413 results for Matt Woodington

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The former directors of Australian Capital Reserve, the fundraising arm of Estate Property Group, have pleaded guilty to making false or misleading statements to obtain a financial advantage. Samuel Pogson and Murray Lapham each admitted to one charge ...

Rice Warner: opt-in cost applies to advisers in regular contact

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The $11 per client cost of opt-in is based on the assumption that advisers are already in contact with clients at least once every two years, according to Rice Warner who made the calculation. The government yesterday said that the $11 per client includes ...

SMA managers raise standards

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
The performance of separately managed account funds on platforms is rising steadily, according to Standard & Poor's Fund services, which upgraded one manager and downgraded another in its recent sector review. S&P upgraded the Dalton Nicol Reid Australian ...

Industry body applauds move to define financial planners

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
The government will release a public consultation paper on defining the term 'financial planner' by law, obliging advisers to prove their credentials before offering services to clients. The Treasury has drawn praise from industry bodies for announcing ...

Delaney retires amid MTAA board restructure

MATT WOODINGTON  |  FRIDAY, 12 AUG 2011
Michael Delaney is to step down as chief executive officer of MTAA Super in November as part of a major board restructure at the fund. A successor for Delaney, who has been in charge of MTAA since its inception in 1989, will be found later this year ...

nabInvest swoops for Aviva

MATT WOODINGTON  |  FRIDAY, 12 AUG 2011
nabInvest has agreed to acquire Aviva Investors Australia, adding a range of domestic equities strategies to its skill set and $5.5 billion to its funds under management. The deal, which is expected to close this quarter, will see nabInvest take on ...

PFS consultants take equity stakes

MATT WOODINGTON  |  THURSDAY, 11 AUG 2011
Independent consultancy firm Professional Financial Solutions has appointed four new directors, all of whom are senior consultants at the firm. Martin Fitzpatrick, Thach Huynh, Rebecca Johnstone and Simone Knight will also become new equity partners ...

UniSuper chief wins exec of the year award

MATT WOODINGTON  |  THURSDAY, 11 AUG 2011
UniSuper's Terry McCredden won the Fund Executives Association's superannuation executive of the year award in Melbourne last night. The tenth annual executive of the year award was presented in partnership with AMP Capital, rewarding leadership, innovation ...

HSBC adds China region exposure to retail market

MATT WOODINGTON  |  THURSDAY, 11 AUG 2011
HSBC has launched a new structured investment product to provide retail investors with capital protected exposure to equities in China, Taiwan and Hong Kong. The HSBC 100+ Series China Region Investment II is a five-year product, launched at the start ...

Wealth performs steadily as CBA profits soar

MATT WOODINGTON  |  WEDNESDAY, 10 AUG 2011
Commonwealth Bank of Australia's wealth management division reported after tax net profit of $642 million for the financial year ended June 30 2011, while the wider group netted a 12% cash profit boost. Wealth Management had net operating income of ...