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Showing 191 - 200 of 259 results for "Equate"

MySuper Bill could expose individual trustees to legal action

BEN COLLINS  |  MONDAY, 13 AUG 2012
Superannuation reforms could leave individual trustees open to litigation, causing a group of representative bodies to write to the Federal Government to voice their concerns. In a joint submission, the Australian Institute of Superannuation Trustees ...

SPAA brands SuperStream costs illogical

LINDA HAUSKEN  |  WEDNESDAY, 27 JUN 2012
... fundamentally flawed. "If SMSFs were to pay an extra $38 million in levies to help cover the cost of SuperStream, it would equate to about $80 for each fund in the sector." Slattery said as most SMSFs have only one or two members, it would mean each ...

China manuf growth figures being misread

MELANIE TIMBRELL  |  TUESDAY, 26 JUN 2012
HSBC's flash China Purchasing Managers' Index result released last week is being read as further evidence of a broad-based manufacturing slowdown, but this misinterprets what's going on in the sector, said Premium China Funds Management. The common ...

Wealthy clients need consumer protections too: FPSB

ALEX DUNNIN  |  WEDNESDAY, 6 JUN 2012
... arbitrary distinctions between retail and wholesale clients miss the point. "A client's wealth level does not necessarily equate to financial sophistication," the FPSB said in a statement. Rather than arbitrary lines in the sand that assume once clients ...

Australia's finely balanced $376bn budget

ALEX DUNNIN  |  WEDNESDAY, 9 MAY 2012
Australia's $376 billion government budget announced last night included a forecast $1.5 billion surplus in 2012-13 that will increase steadily to $7.5 billion over the next four years. This turnaround in Australia's fiscal position is remarkable given ...

Risk advisers optimistic about long-term

MELANIE TIMBRELL  |  WEDNESDAY, 8 FEB 2012
Risk advisers are looking beyond short-term uncertainty and remain positive on long-term practice viability, according to an index commissioned by Zurich Financial Services Australia. The index constructed by Beaton Research and Consulting, surveyed ...

Don't be fooled by strong AUD

ELISE BURGESS  |  THURSDAY, 2 FEB 2012
... Economist Forum that Australia was the embarrassment of the Asian region due to its lack of economic initiative. "We cannot equate a strong currency to a successful economy. It is not the case," said Bennett. "Nothing matters more then the comparisons ...

IFM announces global fee rebate

RACHEL DAVIS  |  WEDNESDAY, 2 NOV 2011
IFM has today announced a rebate to all its existing investors globally that equates to 12.5% of annual fees, to be paid in cash from December. The fee rebate will apply to base management fees, calculated on funds under management at the end of October. ...

UBS CEO resigns over rogue trading scandal

RACHEL DAVIS  |  MONDAY, 26 SEP 2011
The UBS board of directors has accepted the resignation of its chief executive, Oswald GrA1/4bel, after the recent rogue trading scandal that lost the Swiss bank $2.36 billion. Sergio Ermotti has been named group chief executive on an interim basis ...

UBS $2bn rogue trader in custody

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
A 31-year-old UBS trader has been arrested in London on suspicion of fraud by abuse of position, resulting in a US$2 billion loss for the Swiss bank. The news, breaking three years to the day after the collapse of Lehman Brothers, has put UBS trading ...