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Showing 11481 - 11490 of 15807 results for "TER"

Market Wrap - Midday

AAP  |  THURSDAY, 28 JUL 2011
The Australian share market remains lower as fears over a pending US sovereign debt default pulled Asia markets down, with all local sectors trading in the red. By 1200 AEST, the benchmark S&P/ASX200 index was down 49.9 points, or 1.1 per cent, at 4,487.5 ...

One year jail for Opes Prime directors

ELISE BURGESS  |  THURSDAY, 28 JUL 2011
Former directors of failed business Opes Prime Stockbroking have received jail terms for their part in the stockbroker's infamous collapse. Lirim (Laurie) Emini and Anthony Blumberg were charged following an extensive Australian Securities and Investment ...

Fund manager recommends less defensive retirement

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
Turning 65 does not necessarily mean it is time to revert to an ultra defensive investment portfolio, providing it holds the right assets, according to Ashton Reid, portfolio manager of Legg Mason's Real Income Fund. Retirement income products are a ...

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
US pension funds have issued a rallying call to President Barack Obama and Members of Congress to act immediately on US debt or risk long term damage to the country's retirement savings. The California Public Employees' Retirement System (CalPERS) released ...

ORBIS launches cash based fund

RACHEL DAVIS  |  TUESDAY, 26 JUL 2011
Orbis Australia has launched a retail cash plus equities fund, the Orbis/SM Australia Opportunity Fund. The new Fund is the second one Orbis has launched in Australia since the launch of the Orbis/SM Australian Equity Fund in 2004. The Orbis/SM Australia ...

SMSF body moves against super death tax

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
The financial services community now has the chance to comment on the recent draft tax ruling affecting self-managed super funds that some have called a death tax by stealth. Peter Burgess, technical director of the Self-Managed Super Fund Professionals' ...

Fund flows push life risk market to $9.5b

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
Life risk insurance is enjoying steady growth and group risk sales have jumped as large deals change hands, latest figures show. Risk premium inflows increased to $9.5 billion in the year to March, an increase of 10.4% over the $8.6 billion collected ...

UK should raise state pension age to 70: PwC

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
The UK needs to increase the state pension age to 70 as part of measures to curb public debt, according to PricewaterhouseCoopers (PwC). With the globally familiar problem of an ageing population, the UK's public debt would reach 90% of GDP by 2050 ...

Astarra director convicted by NSW Supreme Court

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
A NSW Supreme Court judge found on Friday that a term of imprisonment would be the only appropriate punishment for Shawn "Shawny Cash" Richard, the former director of Astarra Asset Management. Justice Peter Garling convicted the 36-year-old Canadian-born ...

Planners remain wary of switching cash to equities

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
Financial advisers remain tentative on the outlook for equity markets although more than half surveyed by Zurich are thinking about reducing the amount of cash in client portfolios. Zurich spoke to 300 advisers nationwide with 59% "indicating a potential ...