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Showing 1161 - 1170 of 3426 results for "SMI"

Expert issues cyber-attack warning

MARK SMITH  |  MONDAY, 25 MAY 2015
The incoming New Payments Platform will leave financial institutions, including super funds and wealth managers, vulnerable to cyber criminals unless they upgrade their security, a fraud and cyber-crime expert has warned. Similar to the UK's Faster ...

AIA appoints New Zealand head

MARK SMITH  |  FRIDAY, 22 MAY 2015
Life insurer AIA has named the person to replace Wayne Besant as chief executive for its New Zealand business. Former AIA Australia chief group insurance officer Natalie Cameron commences in the role on 8 June. Besant, meanwhile, is heading to South ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
National Australia Bank (NAB)'s program to compensate victims of bad financial advice lacks independence and does not go far enough, a lawyer representing some of the victims said. Shine Lawyers financial negligence solicitor Sasha Ivantsoff spoke to ...

PROFILE: PM Capital CIO Paul Moore

MARK SMITH  |  FRIDAY, 22 MAY 2015
PM Capital chairman and chief investment officer Paul Moore always wanted to be a stock picker. He bought his first shares in Blue Metal Industries (later taken over by Boral) while he was still at school and then bought Carlton & United Breweries while ...

QIC inks $1bn infrastructure deal with CalPERS

MARK SMITH  |  THURSDAY, 21 MAY 2015
QIC has formed a $1 billion Asia-Pacific infrastructure partnership with the California Public Employees' Retirement System (CalPERS), one of the largest public pension funds in the United States. Under the terms of the arrangement, QIC will source ...

Instos demanding multi-asset alternative strategies

MARK SMITH  |  THURSDAY, 21 MAY 2015
Institutions' demand for alternative multi-asset real return strategies presents a cross-border opportunity for both Australian fund managers offshore and overseas fund managers at home. That was the conclusion reached by Perpetual following its recent ...

CFA Societies wants industry professionals to swear oath

MARK SMITH  |  THURSDAY, 21 MAY 2015
CFA Societies Australia says financial services professionals should take a "personal oath of integrity" to guard against the sorts of dubious practices that led to the financial crisis and the recent financial planning scandals. In an open letter to ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
National Australia Bank (NAB) has upgraded the compensation program for victims of bad advice with the appointment of a consumer advocate. University of NSW professor of Law Dimity Kingsford Smith will act as a consumer advocate within NAB Wealth's ...

ASIC bans convicted broker

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
ASIC has banned a mortgage broker from engaging in credit activities and from providing financial services for 10 years following her conviction for loan fraud. In September 2014 and following an ASIC investigation, Shashi Kanta Prasad, also known as ...

AMP winds up property fund

MARK SMITH  |  WEDNESDAY, 20 MAY 2015
AMP Capital has completed its wind up of the AMP Capital Property Income Fund with the sale of the Yass Highway Service Centre for around $23 million. At its peak the fund, which had a 10-year fixed term, owned 42 properties throughout Australia. In ...