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Showing 10631 - 10640 of 21783 results for "Dec"

Bisan buys stake in RE, launches PE fund

ALEX BURKE  |  THURSDAY, 15 SEP 2016
Bisan has acquired a 40% equity interest in a responsible entity for three managed investment schemes and launched a private equity fund. The asset manager purchased the stake in Endeavour Securities for $600,000 from Linchpin Capital; following completion ...

Hostplus tripling venture capital exposure

DARREN SNYDER  |  THURSDAY, 15 SEP 2016
Industry superannuation fund Hostplus is committing $400 million to venture capital over the next five years with a portion likely to be invested before year's end. The move will triple Hostplus' current investment in venture capital and will add to ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 15 SEP 2016
Australian consumer sentiment Although marginal and less than market expectations, the 0.3% increase in the Westpac/Melbourne Institute index of consumer sentiment to 101.4 in September from 101.0 in the previous month indicates that optimists continue ...

ASIC hands down more permanent bans

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2016
ASIC has permanently banned a former AMP financial planner from providing financial services, deciding he is "not of good fame and character." Rommel Panganiban of New South Wales, an authorized representative of AMP Financial Planning between 2010 ...

CIPR discussion paper by year's end

DARREN SNYDER  |  WEDNESDAY, 14 SEP 2016
There are still plenty of policy issues that have to be unpicked around Comprehensive Income Products for Retirement but Treasury says a framework discussion paper will be released by year's end. Treasury retirement income policy division head, Jenny ...

Keep super ship steady in rocky markets: CIO

DARREN SNYDER  |  WEDNESDAY, 14 SEP 2016
Kinetic Super chief investment officer Paul Kessell is encouraging superannuation investors not to act rashly in the wake of jittery share markets. Following a loss of more than 2% during Monday's trading on the ASX, investors may question whether share ...

SMSF investors not all in property

DARREN SNYDER  |  WEDNESDAY, 14 SEP 2016
A new industry survey has found about 84% of investors hold their properties outside a self-managed superannuation fund, and more than 70% remain bullish about residential real estate. The Property Investor Sentiment Survey, prepared by the Property ...

EQT appointed RE to newly-launched asset manager

ALEX BURKE  |  WEDNESDAY, 14 SEP 2016
Equity Trustees has been appointed responsible entity to a newly-launched asset management business. EQT will now act as RE for MHOR Asset Management, the business co-founded by former Vocus Communications chief executive James Spenceley, who said ...

CBA pays $180,000 in penalties

ALEX BURKE  |  WEDNESDAY, 14 SEP 2016
Commonwealth Bank will pay $180,000 in penalties and write off $2.5 million in loan balances, following an internal review. The penalties will be paid following breaches of responsible lending laws in relation to overdraft facilities; CBA reported these ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 14 SEP 2016
Australia business confidence The Reserve Bank of Australia's (RBA) 25bps cut in the official cash rate to 1.50% in August helped lift the NAB business confidence indext from a reading of plus 4 in July to plus 6 last month - consistent with its long-term ...