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Showing 1231 - 1240 of 1647 results for "Division 305"

Suncorp FUM down, life risk profits up

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
Suncorp's funds under management fell almost $800 million to $23 billion but the firm was buoyed by life risk profits which rose 13 per cent to $87 million. The firm's full year profit results found the funds management division was hit by bad markets ...

Challenger returns to core

MICHAEL HOBBS  |  MONDAY, 24 AUG 2009
Challenger Financial Services has posted full year net profit after tax (NPAT) of $219 million, up 1 per cent versus last year on funds under management (FUM) down 27 per cent to $16 billion. The group said at the results presentation this morning that ...

Perpetual poised to gain market share

MICHELLE BALTAZAR  |  WEDNESDAY, 19 AUG 2009
Perpetual outlines its strategies designed to make its products and services more appealing to investors as sentiment towards equities turn more positive and the "dash to cash" comes to an end. Speaking at the company's full year results presentation ...

Van Eyk resigns as executive chair

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
Stephen van Eyk, founding director of the company named after him, van Eyk Research, has resigned as executive chair. A statement from the firm said van Eyk resigned for personal reasons. He remains a significant shareholder in the company and will ...

Challenger to ramp up life and funds mgmt after mortgage sale

MICHELLE BALTAZAR  |  TUESDAY, 18 AUG 2009
Challenger Financial Services said it intends to focus its resources on its life and funds management businesses following the sale of its mortgage management division to NAB for $385 million. This morning NAB and Challenger confirmed newspaper reports ...

Westpac FP maintains focus on senior planners

MICHAEL HOBBS  |  MONDAY, 17 AUG 2009
Westpac's financial planning division is running behind its aspirational target to recruit 200 senior financial planners over three years. Despite this setback, the group has no plans to change its umbrella strategy. Westpac Financial Planning's three ...

Institute appoints super head

COMPANY RELEASE  |  FRIDAY, 14 AUG 2009
The Institute of Chartered Accountants in Australia has appointed Liz Westover as head of superannuation. Prior to joining the institute, Westover was senior manager, superannuation division at KPMG, responsible for consulting on corporate funds, companies ...

SMA ratings bring clarity for advisers

RUTH LIEW  |  WEDNESDAY, 12 AUG 2009
Standard & Poor's has awarded inaugural ratings to six separately managed account products - a move that could help advisers make better informed decisions when selecting SMAs for clients. S&P has given four stars to the Ausbil Australia Concentrated ...

Planning firms on buying spree

RUTH LIEW  |  FRIDAY, 7 AUG 2009
While some financial planning firms hunker down for the GFC to pass, many opportunistic mid-weight planning companies are increasing their borrowing activities to buy their smaller rivals, according to a Macquarie Bank expert. Jamie Melville, national ...

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to ...