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Showing 2131 - 2140 of 2989 results for "ARRA"

IOOF moves for 100pc DKN shares

ELISE BURGESS  |  TUESDAY, 14 JUN 2011
IOOF Holdings has moved to dramatically increase its shares in DKN Financial Group from 18.49 per cent interest to 100 per cent for a complete acquisition of the firm. IOOF, which has held shares since DKN listed in 1989, said the relatively illiquid ...

DKN acquires 25pc in Godfrey Pembroke firm

ELISE BURGESS  |  FRIDAY, 10 JUN 2011
DKN Financial Group has acquired a 25 per cent stake in former Godfrey Pembroke licensee, StrategyOne Advice Network, to provide compliance, professional development, research and platform administration services to its advisers. The move is inline ...

PC to review how defaults appointed to Awards

ALEX DUNNIN  |  FRIDAY, 10 JUN 2011
The Productivity Commission will in 2012 review how default funds are appointed to Industrial Awards, said superannuation minister Bill Shorten, just one day after APRA released figures showing that the retail sector has again under performed the not-for-profit ...

State Street secures REST lending deal

MATT WOODINGTON  |  WEDNESDAY, 8 JUN 2011
REST Industry Super has appointed State Street Corporation as its global securities lending agent, building on their relationship established earlier this year. State Street will now deliver a securities lending programme for REST's global bond and ...

Mason Stevens launches leveraged product

MATT WOODINGTON  |  THURSDAY, 2 JUN 2011
Mason Stevens has launched a new capital protected structured product that allows investors to walk away from under-performing stocks. In conjunction with UBS, Mason Stevens has developed the Equity Insulator Instalment, which will be available to investors ...

Industry funds, independent platforms stand up for FOFA reforms

ALISON BEVEGE  |  WEDNESDAY, 1 JUN 2011
Opponents of elements of the Future of Financial Advice have come in for a drubbing from key figures in the financial services industry in the wake of intense lobbying of the independents by financial planners. Financial advisers were instructed by ...

Planners commission ban skips property

ELISE BURGESS  |  MONDAY, 30 MAY 2011
Financial planners won't lose out on all commissions after Assistant Treasurer Bill Shorten confirmed the ban on commissions will not cover property investments, pushing opportunities for planners in the self-managed super fund (SMSF) space. Property ...

Bentham wins $350 million mandate

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
Specialist global credit investment managers Bentham Asset Management have won a major new mandate from AustralianSuper worth $350 million. The segregated global loan mandate, issued in the March quarter, will increase Bentham's funds under management ...

Super insurance simplified for funds

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
Superannuation industry organisations have welcomed new legislation that makes it easier for super funds to claim tax deductions for the cost of total and permanent disability insurance provided to members. Superannuation Minister Bill Shorten introduced ...

Telstra Super slash fees

ELISE BURGESS  |  FRIDAY, 27 MAY 2011
Telstra Super to cut retail member fees by two-thirds in the new financial year as the fund continues its campaign to broaden member benefits. Starting from July 1 this year, Telstra Super Personal Plus members administration fees will be cut from 0.6 ...