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Showing 13401 - 13410 of 29117 results for "PRI"

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 18 MAY 2016
Australia new motor vehicle sales Sales of new motor vehicles dropped by 2.5% in the month of April, more than offsetting the previous month's 2.2% increase and lower than market expectations for a 0.5% fall. Australian Bureau of Statistics (ABS) data ...

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
ASIC has accepted an enforceable undertaking (EU) from HSBC Bank Australia concerning "potentially deficient advice" provided on retail structured products. The advice in question was provided between January 2009 and March 2013, affected 464 out of ...

Wilson Group acquires $19bn fund manager and restructures board

ALEX BURKE  |  TUESDAY, 17 MAY 2016
Wilson Group has announced it will acquire the remaining 25% of a major investment manager with over $19 billion in funds under management. The remaining 25% stake in Pinnacle Investment Management is owned by Pinnacle chair and managing director Ian ...

Uniting Church fund manager appoints investments director

ALEX BURKE  |  TUESDAY, 17 MAY 2016
UCA Funds Management, the Uniting Church in Australia's dedicated ethical funds manager, has appointed a new director, investments. Benjamin Pedley joins UCA Funds Management from HSBC Private Bank Hong Kong, where he was head of investment strategy ...

Saxo appoints Australia CEO and insto head

ALEX BURKE  |  TUESDAY, 17 MAY 2016
Saxo Capital Markets has appointed a new chief executive for Australia and a local head of institutional business. Ben Smoker joins Saxo as its new Australian chief executive. Previously he was country head - Australia at NYSE-listed GAIN Capital, and ...

Boomers driving interest in PAFs

MARK SMITH  |  TUESDAY, 17 MAY 2016
Baby boomers are driving an increase in the establishment of private ancillary funds (PAFs) following liquidity events such as the sales of a business, according to national accounting and advisory firm William Buck. A PAF is a philanthropic trust structure ...

Whitehelm Capital and Prime Super partner for bond investment

DARREN SNYDER  |  TUESDAY, 17 MAY 2016
Infrastructure manager Whitehelm Capital has led the majority investment in a senior secured bond issuance by Autovia del Noroeste (Aunor), a mature shadow toll road located in Murcia, Spain. Whitehelm's investment was made on behalf of industry superannuation ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 17 MAY 2016
US Empire State manufacturing survey The latest update on the state of the manufacturing sector in New York State was both disappointing and surprising, particularly as it follows stronger-than-expected retail sales and consumer sentiment reports released ...

Govt underestimates SMSF Budget impact: BGL

MARK SMITH  |  MONDAY, 16 MAY 2016
Changes in the Federal Budget may affect as many as 85,000 SMSFs with 160,000 members, SMSF administration provider, BGL Corporate Solutions - many more than suggested in the budget papers. BGL is concerned the proposed $1.6 million pension cap will ...

Risk management firm joins Bombora network

ALEX BURKE  |  MONDAY, 16 MAY 2016
A Brisbane-based risk practice has joined the Bombora Advice dealer group. Anthem Risk Management, founded in 2007 by risk adviser David Murphy, will now be a part of Bombora's specialist risk advice network. Commenting on the news, Murphy said: "Bombora ...