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Showing 1171 - 1180 of 2259 results for Mark Smith

Safer sex? Women take less risk than men

MARK SMITH  |  THURSDAY, 15 MAY 2014
Overlooking the preferences of the more cautious partner when devising an investment strategy for couples could see planners get a rap from the regulator, risk specialist FinaMetrica has warned. Risk profile data compiled by the financial services firm ...

IOOF awards $115m global equities mandate

MARK SMITH  |  THURSDAY, 15 MAY 2014
IOOF has appointed State Street Global Advisers (SSgA) to manage a $115 million active global equities strategy as part of its IOOF MultiMix suite of multi-manager superannuation funds. The mandate was awarded to SSgA's Global Managed Volatility Alpha ...

Queensland advice firm falls foul of regulator

MARK SMITH  |  THURSDAY, 15 MAY 2014
ASIC has accepted an enforceable undertaking (EU) from Queensland-based financial services firm LCL Capital after it found failings in the way the companyA monitored and supervised its advisers. ASIC's investigation came after a review of the advice ...

Budget presents huge opportunity for wealth industry

MARK SMITH  |  WEDNESDAY, 14 MAY 2014
The two year increase in the Age Pension is likely to create a huge opportunity for the financial services industry as product and service providers devise ways to help fund people those additional years, according to Rainmaker Information director ...

Commonwealth Bank profits boosted by investment performance

MARK SMITH  |  WEDNESDAY, 14 MAY 2014
Strong investment performance has contributed to an almost 16% rise in third quarter cash profit for Commonwealth Bank. The bank reported unaudited cash earnings of $2.2 billion for the three months to 31 March. Statutory net profit for the same period ...

SunGard launches hedge fund risk reporting service

MARK SMITH  |  TUESDAY, 13 MAY 2014
SunGard has launched its Hedge360 Risk Reporting Service which provides hedge funds with independently validated data and analytics to help carry out due diligence and risk management. SunGard said the fully hosted and managed service provides macro-scenario ...

UK star manager announces launch date for new fund

MARK SMITH  |  MONDAY, 12 MAY 2014
Neil Woodford, one of the UK's best known fund managers, has announced a 2 June launch date for the first fund under his new independent banner, Woodford Investment Management. Woodford left his role as head of equity at Invesco Perpetual in April where ...

CFA Societies launches initiative to raise ethical standards

MARK SMITH  |  MONDAY, 12 MAY 2014
CFA Societies in Australia and New Zealand have launched an initiative to encourage investors to assert their rights and demand higher standards of ethical conduct from the financial services industry and finance professionals. Investor First Week in ...

AMP wealth management cashflows up 72%

MARK SMITH  |  THURSDAY, 8 MAY 2014
AMP's wealth management net cashflows jumped 72% in the first quarter to $363 million, up from $211 million for the same period last year. AMP's North platform was a key growth driver of the rise with $1 billion in net cashflows for the quarter, the ...

Insurers upping risk to combat low yields

MARK SMITH  |  THURSDAY, 8 MAY 2014
Global insurers are looking to increase risk to combat low yields, according to the third annual Goldman Sachs Asset Management (GSAM) survey of the sector. Through independent third party research firm, KRC Research, GSAM surveyed 233 senior insurance ...