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Showing 2181 - 2190 of 2989 results for "ARRA"

Banking on a super precedent

ALEX DUNNIN  |  MONDAY, 13 DEC 2010
Treasurer Wayne Swan's banking reform is also a warning of what could be in store for superannuation. Yesterday the Treasurer released his long awaited reform package and while it wasn't aimed at super funds and wealth managers, if some of the key consumer ...

AvSuper appoints Russell for admin

RUTH LIEW  |  MONDAY, 13 DEC 2010
The $1 billion-plus AvSuper has appointed Russell as its fund administrator - marking Russell's first mandate win for its new in-house administration model. Russell will replace Towers Watson, which outsourced its underlying administration to IBM SuperLife. ...

LGsuper and City Super set merger date

ELISE BURGESS  |  MONDAY, 13 DEC 2010
The boards of LGsuper and City Super have given the green light for both funds to merge next year to create a $5 billion-plus fund with over 90,000 members. The merge will be completed by 30 June next year with an immediate focus on short-term efficiencies ...

AIA wins $160m Sunsuper mandate

RUTH LIEW  |  THURSDAY, 9 DEC 2010
AIA Australia cements its top spot as Australia's biggest group insurer after clinching a $160 million contract with Sunsuper. AIA replaces Suncorp Life to provide death, disablement and income protection insurance cover to over one million members ...

Changes ahead for WA govt super

ALEX DUNNIN  |  THURSDAY, 9 DEC 2010
A report commissioned by the WA Treasurer into the GESB demutualisation said the proposal was not in members interests and recommends major changes to WA public sector superannuation arrangements. In July 2009, the WA Treasurer appointed Rod Whithear ...

Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
The former director of Astarra Asset Management, Shawn Richard, faces a maximum penalty of 5 years imprisonment or a $220,000 fine - or both - and has been banned for life from providing financial services. Richard pleaded guilty to two charges of dishonest ...

BTIM targets planners and boutiques

RUTH LIEW  |  WEDNESDAY, 8 DEC 2010
BT Investment Management plans to buy more businesses to boost its multi-boutique arm and expand its retail products in the coming years to suit planner demand. Emilio Gonzalez, chief executive of BTIM, said at the firm's annual general meeting yesterday ...

ASX lodges defence for SGX pairing

RUTH LIEW  |  TUESDAY, 7 DEC 2010
The Australian Securities Exchange (ASX) sends its strongest signal yet that it will push through its plans to merge with the Singapore Exchange, commissioning a report that outlined why the match makes sense. ASX engaged Access Economics to examine ...

Review after Military Super changes mandate

ELISE BURGESS  |  TUESDAY, 7 DEC 2010
Military Super's switch to Towers Watson as principle investment consultant results in a rating review for SCM Wholesale Absolute Australian Equities Fund. Last month, the government fund appointed Towers Watson as principal investment consultant in ...

ATO to review 10,000 SMSFs

ELISE BURGESS  |  MONDAY, 6 DEC 2010
The Australian Taxation Office (ATO) is auditing and reviewing over 10,000 self-managed super funds (SMSF) this financial year as it raises its compliance focus to protect retirement savings. The ATO's scrutiny on SMSF funds and trustees follows on ...