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NSW State Super appoints investment head

MARK SMITH  |  THURSDAY, 31 JAN 2013
NSW State Super has appointed Mark O'Brien as general manager of investments. O'Brien has more than 30 year's investment experience and joins an investment team which managers over $35.8 billion of assets on behalf of members and the NSW Government. ...

New dealer group boss for IOOF

BEN COLLINS  |  THURSDAY, 31 JAN 2013
After he oversaw its takeover of financial planning group Plan B, listed wealth Manager IOOF has unveiled Mick Farrell as its new head of dealerships. Yesterday IOOF said Farrell would start as general manager of dealerships from 4 February this year. ...

Funds unlikely to follow HOSTPLUS to PST

BEN COLLINS  |  THURSDAY, 31 JAN 2013
After HOSTPLUS announced last week that it would potentially let self managed super funds access its investments, fellow industry superannuation funds have denied they have similar plans. CareSuper chief executive Julie Lander said that the idea of ...

TAL's Affinia hires for growth plans

BEN COLLINS  |  THURSDAY, 31 JAN 2013
Life insurance group TAL's new risk business Affinia has hired three regional managers to spearhead growth plans, it said yesterday. Affinia said that Jonathon Nguyen, Peter Nielsen and Paul Gaffney would become regional managers, and that each had ...

CBUS to review products to tempt SMSFs

BEN COLLINS  |  WEDNESDAY, 30 JAN 2013
Construction industry superannuation fund CBUS will review its product offering over the next 12 months in order to attract people in self managed superannuation funds. Last week fellow industry super fund HOSTPLUS said self managed super fund trustees ...

Steady as she goes

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2013
... because of the same factors as above. Coz it's again lookin' good babe. Then the fall...again. QE3 launched last 13 September. Yes, because of the same factors as above. Now they're calling for the Fed to again quit halfway into the battle for sustainable ...

SPAA joins UN group

BEN COLLINS  |  FRIDAY, 25 JAN 2013
The SMSF Professionals Association of Australia has become the first Australian financial services group to join a United Nations independent financial advice convention. Yesterday the SMSF Professionals Association of Australia (SPAA) said it had joined ...

Falling interest rates undermine seniors' confidence

MARK SMITH  |  FRIDAY, 25 JAN 2013
The end of 2012 saw Australia's confidence about the future of the economy fall to near record lows, according to research by Allianz. The Allianz Future Optimism Index showed that sentiment fell most sharply in South Australia where it recorded the ...

Former mortgage broker convicted

MARK STORY  |  FRIDAY, 25 JAN 2013
A former NSW-based mortgage broker was yesterday convicted of 10 offences under the National Consumer Credit Protection Act 2009 (National Credit Act). In September 2012 Daniel Nguyen, of Panania, pleaded guilty to 10 offences including providing false ...

Good, better, best

BENJAMIN ONG  |  FRIDAY, 25 JAN 2013
... stop - its monthly purchases (US$45 billion in Treasury notes and US$40 billion in mortgage bonds) by mid-year this year. Yes, you read right...mid-year 2013. That's how far market sentiment has turned.