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Showing 12681 - 12690 of 21795 results for "Dec"

ASIC permanently bans former finance broker

HARRY PAGE  |  THURSDAY, 10 JUL 2014
The Australian Securities and Investments Commission (ASIC) has permanently banned former Victorian finance broker Rudy Frugtniet after he provided misleading information and lacked full disclosure on a credit licence application. Frugtniet is a former ...

AIMA appoints new general manager

MARK SMITH  |  WEDNESDAY, 9 JUL 2014
The Alternative Investment Management Association (AIMA) has appointed former hedge fund manager Michael Gallagher as general manager of its Australian National Group. Gallagher replaces Brett Ireland who has decided to focus on a full-time role elsewhere ...

Advice firm chooses MDAs over platforms

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
Melbourne advice firm Moran Howlett Financial Planning will transfer the majority of its funds under advice from traditional platforms onto a managed discretionary account (MDA) structure. The firm has about 350 clients and $160 million in assets under ...

Market Wrap

AAP  |  TUESDAY, 8 JUL 2014
The Australian market looks set to open flat after Wall Street ended its rising streak amid profit-taking and some expectation the market is due for a pullback. At 0805 AEST on Tuesday, the September share price index futures contract was down four ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
Clive Palmer has announced his party will block legislation to abolish the low income superannuation contribution (LISC). Addressing the National Press Club today, Palmer said: "Palmer United supports the abolition of the mining tax, but cannot support ...

Federal Court judgements contradictory on adviser liability

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The Federal Court has issued two separate and contradictory judgements that cast a doubt over financial advisers' proportionate liability when facing client legal claims. Within less than one month, the Full Court of the Federal Court has judged the ...

Funds return 11% in May

STAFF WRITER  |  MONDAY, 7 JUL 2014
The SelectingSuper Workplace rolling 12 month default option index increased marginally during May to return 11.3% compared to 11.1% at end April. At end December it was 16.1%. Three year super fund average annual returns are 8.8% pa, five year average ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
Reserve Bank of Australia (RBA) Governor Glenn Stevens was in Tasmania letting it all rip at the same time that most of us were co-celebrating Dow 17K with our American brethrens on 'Independence Day' eve. On 3 July, Governor Glenn spoke before 'The ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank (CBA) chief executive Ian Narev's main message during yesterday's address to the media was that the bank has switched to "a spirit of openness," but he left a number of key questions unanswered. "Over the past few weeks perhaps the ...

Independence Day for the US economy

BENJAMIN ONG  |  FRIDAY, 4 JUL 2014
It was short, but oh so sweeet! Short was last night's trading activity in the New York Stock Exchange - 3.5 hours instead of 6.5 hours -- and we all know what the sweeet was - the Dow gatecrashed through 17K to a new record, the S&P 500 rose to new ...