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Showing 2081 - 2090 of 2989 results for "ARRA"

Count gives CBA 99% approval

ELISE BURGESS  |  MONDAY, 28 NOV 2011
Count Financial shareholders have overwhelmingly embraced the takeover offer from CBA, the vote passing with almost 100% support on November 25 said chief executive Barry Lambert. Announced in Count Financial's Annual General Meeting this morning, Lambert ...

ASIC cancels two financial services licences

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
ASIC is continuing its crackdown of the financial services industry with the cancellation of two more licenses. Melbourne-based FP Investment Partners lost its licence for not making sure that the proper arrangements were in place for the management ...

MySuper Mythconceptions

ALEX DUNNIN  |  TUESDAY, 22 NOV 2011
MySuper continues to generate hysteria among some superannuation industry commentators and it's time to remind ourselves what it is and, more importantly, what it is not. MySuper is the government's response within its StrongerSuper reform package to ...

Sunsuper appoints State Street as custodian

ELISE BURGESS  |  TUESDAY, 22 NOV 2011
State Street Global Services has landed the role of custodian for $18 billion super fund, Sunsuper and will provide solutions and investment servicing for the local market. After around nine months of due diligence, State Street will now provide a suite ...

Doubt over CGT relief delaying fund mergers

RACHEL DAVIS  |  MONDAY, 21 NOV 2011
Uncertainty over whether the Government will grant Capital Gains Tax relief for merging super funds is hampering consolidation across the super industry, according to the Australian Institute of Superannuation Trustees. Australian Institute of Superannuation ...

ACCC gives CBA Count acquisition the go-ahead

CLAIRE MCGREAL  |  FRIDAY, 18 NOV 2011
Shareholders at Count Financial Limited will meet in Sydney next week to discuss the schemes of arrangement required for Commonwealth Bank's takeover of the firm. This follows yesterday's decision from the Australian Competition and Consumer Commission ...

APRA urges trustees to adhere to industry standards

CLAIRE MCGREAL  |  WEDNESDAY, 16 NOV 2011
The Australian Prudential Regulatory Authority is calling on superannuation fund trustees to ensure the outsourced marketers and product designers of their funds are adhering to industry standards and that the trustees at all times are ultimately responsible. ...

DKN and Lonsdale heads leave and form BT advice unit

ELISE BURGESS  |  MONDAY, 7 NOV 2011
Just three weeks after leaving DKN, former chief executive Phil Butterworth, will head up a new BT advice unit along with three executives from the newly-acquired firm, including Butterworth's replacement, Mario Modica. In an email to fund managers ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen. Under the terms, O'Bryen will not act as a trustee or as a responsible officer of a body corporate that is ...

MacMillan wins AFA Adviser of the Year

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
West Australian financial planner, Troy MacMillan, has taken out the top gong at the Association of Financial Advisers (AFA) annual conference and been named Adviser of the Year for 2011. The award, sponsored by Zurich Financial Services Australia ...