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Showing 12491 - 12500 of 19607 results for "RIS"

Instreet launches alternative

LINDA HAUSKEN  |  TUESDAY, 21 AUG 2012
Boutique investment manager, Instreet has launched the Instreet Link Alternative Manager DPA, a structured product that invests in a range of alternative investment strategies, actively managed by three global investment managers. The new product is ...

Sitting and waiting and still hoping

BENJAMIN ONG  |  TUESDAY, 21 AUG 2012
Looks like some in Europe's back from their holidays - there's some stirring going on from there again. Germany's Der Spiegel magazine reported that the ECB plans to buy government bonds to place a cap on yields to a pre-set premium over German bunds. ...

Write-down clouds Bendigo's 43% profit tumble

BEN COLLINS  |  MONDAY, 20 AUG 2012
Bendigo and Adelaide Bank will be running a tight ship, after announcing a 43% decline in full-year profit this morning. The bank said that its $195 million profit was affected by a $95 million write-off of goodwill in December 2011, after declines ...

Lifecycle discussion needs context: Milliman

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
The increased discussion of lifecycle products in a MySuper context needs to take into account lessons from overseas failures, including target date funds in the US, according to one consultant. Wade Matterson, practice leader at Milliman said the whole ...

Break ASX clearing monopoly: Chi-X

LINDA HAUSKEN  |  MONDAY, 20 AUG 2012
The Chi-X wants the ASX to give up control of its current monopoly of clearing and settlement, claiming it will place downward pressure on prices and lead to improved service delivery. Clearing refers to all activities from the time a commitment is ...

Challenger attributes 20% profit growth to annuity/life

MELANIE TIMBRELL  |  MONDAY, 20 AUG 2012
Challenger Limited has announced a normalised net profit after tax (NPAT) of $297 million for FY12, up 20% on FY11 following record Life and retail annuity product sales. Challenger's Life division posted total product sales of $2.66 billion, with a ...

Wealth down as ANZ posts $4.5bn profit

MELANIE TIMBRELL  |  FRIDAY, 17 AUG 2012
ANZ has posted unaudited underlying profit for the nine-month period to June 30 of $4.5bn, a rise of 5.5% on the prior corresponding period, driven by increases in income across divisions, with wealth the notable exception. Cash profit for the June ...

QBE chief to part with $37 million

BEN COLLINS  |  FRIDAY, 17 AUG 2012
Frank O'Halloran will leave with up to $37 million in benefits when he steps down as chief executive officer of QBE insurance today. O'Halloran - who headed up QBE for 14 years - will be paid his salary up to 28 August to officially serve out his six ...

Global wealth boosts IT spend

LINDA HAUSKEN  |  FRIDAY, 17 AUG 2012
Much of the USD$35 billion analyst firm Ovum expects global wealth management to spend on IT by 2016 will be in digital channels. According to forecasts from the global analysts, between 2011 and 2016 the Asia-Pacific region will increase its IT spend ...

Lion Adv cancelled/Hickie banned

LINDA HAUSKEN  |  FRIDAY, 17 AUG 2012
ASIC has revoked the AFS license of Lion Advantage and banned the financial service organisation's chief executive David Hickie for two years, following a surveillance of the business. During the surveillance period, the regulator found the business ...