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Showing 13741 - 13750 of 21805 results for "Dec"

Dimensional appoints Citi as its custodian

MARK SMITH  |  MONDAY, 3 JUN 2013
Global funds manager Dimensional has appointed Citi's Securities and Fund Services as back office provider to its Australian funds. Citi will provide custodial, fund accounting, unit registry and securities lending services to the Dimensional Australia ...

Merrill Lynch to pay $120k over compliance infringement

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
Merrill Lynch Equities (Australia) Limited (Merrill Lynch) has paid a penalty of $120,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP). The Australian Securities and Investments Commission (ASIC) said Merrill ...

APRA sets dates for ERF transitions

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
The Australian Prudential Regulation Authority (APRA) has published the final superannuation prudential standard SPS 450 Eligible Rollover Fund (ERF) Transitions together with the response to consultation. This prudential standard will take effect on ...

Banks shift gears on technology spend

LAURA MILLAN  |  MONDAY, 3 JUN 2013
After years of technology investment focused on developing infrastructure, banks and fund managers are pinning their hopes on better customer-centric IT solutions to gain market share. "Technology is going to be paramount for this industry," Colonial ...

Market Wrap

AAP  |  MONDAY, 3 JUN 2013
The Australian share market is set to open significantly lower after heavy falls on Wall Street on Friday night. But encouraging manufacturing data out of China on the weekend could provide a boost for mining stocks. At 0735 AEST on Monday, the June ...

March sees moderate growth in super contributions

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
Contributions to superannuation funds were moderate in March, with discretionary contributions growing strongly, but compulsory flows slightly falling. The latest Bond Report by the Financial Services Council (FSC) shows that discretionary contributions ...

Government scraps proposed SMSF transfer changes

MARK SMITH  |  FRIDAY, 31 MAY 2013
The federal government has scrapped proposed amendments to the Taxation and Superannuation Laws (2013 Measures No. 1) Bill 2013 banning self-managed super funds (SMSF) from carrying out off-market transfers of listed securities. Under the proposal ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
Wellington Capital has said it will take the Premium Income Fund (PIF) case to the High Court after the Federal Court ruled that distribution of PIF shares to Asset Resolution Limited (ARL) was invalid. The rule overturns an early decision of the same ...

Sunsuper adds to investment committee

ALICE URIBE  |  THURSDAY, 30 MAY 2013
Industry fund Sunsuper has appointed financial services industry veteran Justine Hickey to its investment committee. In April Hickey resigned from her position as director at Australian Ethical Investment (AEI). She had been the longest serving board ...

Pipelines the safe bet in the shale gas revolution

JAMES FERYHOUGH  |  THURSDAY, 30 MAY 2013
The US shale gas revolution will offer considerable low risk investment opportunities over the coming two decades, according to Magellan Asset Management senior investment analyst Jowell Amores. "There's going to be a lot of winners we expect from the ...