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Showing 11841 - 11850 of 21788 results for "Dec"

The recesssion we longed to have

BENJAMIN ONG  |  FRIDAY, 29 MAY 2015
There was weeping and gnashing of teeth following the release of the latest Australian capex data for it was bad. It's bad, it's bad that we get to see the "R" word back in print. "Capex: Business investment plans at 'recessionary' levels" (abc.net) ...

World's largest sovereign wealth fund divests coal

ALEX BURKE  |  THURSDAY, 28 MAY 2015
Norway's Parliament has voted to divest further coal holdings from the country's US$882 billion sovereign wealth fund. Specifically, the country's finance committee will sell ownership in companies with more than a 30% stake in coal-related business. ...

Acadian buys CFS stake, becomes independent

LAURA MILLAN  |  THURSDAY, 28 MAY 2015
Global fund manager Acadian Asset Management has bought the 50% stake that Colonial First State (CFS) had in the firm's Australian division. After becoming a wholly-owned subsidiary, Acadian has appointed CFS as sole distributor of its investment strategies ...

Members less likely to switch from workplace funds

ALEX DUNNIN  |  THURSDAY, 28 MAY 2015
Members are two thirds more likely to switch their personal super funds than their workplace super fund, explaining why retail wealth groups are ramping up their political campaign to decouple superannuation from industrial awards. Roy Morgan has just ...

Who's scared of Grexit or lift-off?

BENJAMIN ONG  |  THURSDAY, 28 MAY 2015
It's the Fed one day, Grexit the next. It's a deal! Yes Virginia, this morning's headlines were full of it -- stories that a deal had been struck between Athens and Brussels. Never mind the after-reports that European Commission Vice President Valdis ...

Mercer and Bravura combine for super admin

DARREN SNYDER  |  WEDNESDAY, 27 MAY 2015
Acting as a third party administrator, Mercer recently announced it will use Bravura's unified wealth management platform Sonata to administer multiple books of superannuation and KiwiSaver business for clients across Australia and New Zealand. A large ...

Strong USD reflects (deflects) lift-off

BENJAMIN ONG  |  WEDNESDAY, 27 MAY 2015
Lift-off would be sometime in one of the 'ber' months for sure. It could be in September or in October or in November or in December but you can bet your bottom US dollar, it'll be in the year 2-0-1-5. The lady who's finger is at the trigger told us ...

Market to open lower

AAP  |  WEDNESDAY, 27 MAY 2015
The Australian stock market looks set to open lower following sharp losses on Wall Street. At 0650 AEST on Wednesday, the June share price index futures contract was down 30 points at 5,748. Wall Street stocks fell one per cent on a strengthening US ...

Groups call for default super fund decoupling

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
Corporate super representative group CSSA is calling on the industry funds movement to apply its standards of financial planning in the superannuation sector. Recently the Royal Commission into Trade Union Governance and Corruption announced it was ...

ASIC bans Macquarie representative

DARREN SNYDER  |  TUESDAY, 26 MAY 2015
The Australian Securities and Investments Commission (ASIC) recently banned a former Macquarie Entities representative from providing financial services for five years. The ban was given to Brett O'Malley of Sunshine Beach, Queensland, after he engaged ...