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Showing 10091 - 10100 of 10710 results for "May 2012"

JDV dismisses IWL offer

The board of on line share trading service provider JDV has recommended its shareholders reject IWL's offer to acquire their shares citing several reasons including the inadequacy of the offer price, the fact that any synergies resulting from the acquisition ...

St George takes on ATO…again

In its second clash with the Australian Taxation Office (ATO) St George Bank has today rejected an amended tax assessment for a total of $40 million from the tax regulator and confirmed it remains on track to achieve EPS growth of 10 per cent for the ...

FPA refutes Virgin's view on planners

The Financial Planning Association of Australia (FPA) has come out in defence of financial planners in response to the negative comments Virgin Money aimed at the industry during the launch of its new superannuation offering. At the launch Virgin Money ...

Unregistered investment scheme shut down

The Federal Court has granted orders allowing ASIC to appoint a liquidator to wind up an unregistered managed investment scheme promoted by George Peat. Peat promoted the scheme largely to clients of his mortgage broking business Wise Finance. The scheme ...

Choice of fund onus lies with consumer

Individuals may have 90 per cent of influence over investment outcomes leaving the rest of the of the investment industry as bit players once choice of fund regime comes into effect. Speaking at the ASFA lunch attended by 250 industry practitioners ...

Study finds divorce significantly impacts wealth creation

AMP and the National Centre for Social and Economic Modelling (NATSEM) have put together a research report revealing divorce has considerable financial consequences on the parties involved, affecting not only disposable income but also longer term wealth ...

ASIC acts against wealth management promoter

ASIC has taken action against Jamie McIntyre and his company 21st Century Academy Pty Ltd preventing them from promoting any further wealth creation schemes. 21st Century Academy specialises in conducting wealth creation seminars, DVD and compact disc ...

Macquarie Fortress Notes gets Zenith 'recommended' rating

Zenith Investment Partners has awarded Macquarie Fortress Notes a 'recommended' rating believing the product offers investors an opportunity to receive a consistent return above cash while preserving their capital. The notes use local client's funds ...

NAB to use Coad to oversee markets

National Australia Bank (NAB) has appointed Peter Coad as general manager of the markets divisions to replace Jeff Mitchell who has decided to take a yearlong career break from the bank. Coad has an extensive local and overseas international capital ...

NAB trims UK workforce by 1,700

The National Australia Bank will cut 1,700 jobs, or 15 per cent of its UK workforce, over the next 12 to 18 months as the bank moves to 'rebuild, revitalise and grow' its banking operation in the UK. The bank is booking a provision of $266 million to ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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Blake Briggs

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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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