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Showing 10401 - 10410 of 14215 results for "Interest"

Govt provides flexibility on fee for service

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
The government is not mandating financial planners use one remuneration structure over another as it consults with the financial services industry on the Future of Financial Advice reforms. Speaking in parliament last week, Chris Bowen, minister for ...

NY fund sues BP over oil spill losses

RUTH LIEW  |  TUESDAY, 29 JUN 2010
The $152 billion New York State Pension Fund is suing British Petroleum over losses from the oil spill disaster. In a press statement, New York state comptroller Thomas P. DiNapoli, the trustee of the NY fund, said he was hiring law firm Cohen Milstein ...

Everest winds down operations

RUTH LIEW  |  MONDAY, 28 JUN 2010
... Limited entered into an exclusivity and implementation agreement with a financial services firm which had expressed an interest in assuming the fund management responsibilities of ECL and related entities. "The timing for the full wind down and capital ...

End to unfair mortgage exit fees

ASIC AND CHOICE RELEASES  |  MONDAY, 28 JUN 2010
ASIC has released a consultation paper on new laws regulating mortgage early exit fees, which are unconscionable or unfair. The new paper, titled Mortgage early exit fees: Unconscionable fees and unfair contract terms (CP 135), contains proposals that ...

How the wealthy invest their money

RUTH LIEW  |  FRIDAY, 25 JUN 2010
Australia's high net worth population increased by 34 per cent last year, according to a new report that sheds some light on how the rich allocated their funds just after the peak of the GFC. The latest World Wealth Report, released by Merrill Lynch ...

Basis Capital lesson far from over

RUTH LIEW  |  THURSDAY, 24 JUN 2010
The collapse of Basis Capital was a tragic example of what happens when a high risk investment goes wrong, but its also a reminder of the importance of a well-diversified portfolio, said a planner who had clients invested in Basis products. Matthew ...

Challenger wins $650m mandate

RUTH LIEW  |  THURSDAY, 24 JUN 2010
... corporate master trusts. The GIR was launched to target institutional clients, promising an indexed return linked to fixed interest indices. The $650 million will be funded before the end of the financial year, he said. "[It's about] certainty in a time ...

Waiting to see

BENJAMIN ONG  |  THURSDAY, 24 JUN 2010
... homebuyers tax credit. There's also the Fed with its all-important monetary policy announcement. That was a non-event too. Interest rates remain the same - at near-zero-- and will stay that way for an extended period. Apart from some minor tweaks in ...

Market Wrap - Morning

AAP  |  THURSDAY, 24 JUN 2010
... overnight after the Federal Reserve indicated that problems in Europe pose a threat to the US economy and that it would keep interest rates low. In a statement following a meeting on interest rates, the Fed said on Wednesday (early Thursday AEST) that ...

Don't limit adviser choice: Synchron

COMPANY RELEASE  |  WEDNESDAY, 23 JUN 2010
... risk providers to chase volume bonuses. In a press release, Synchron said it was not in advisers or their clients' best interest to artificially limit product choice. Funnelling client money into a narrow product base reflects outdated thinking, particularly ...