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Showing 2211 - 2220 of 3265 results for "January 1"

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
Westpac and BT Financial Group has become only the third retail conglomerate superannuation provider to gain MySuper authorisation. The wealth group has been approved to offer three MySuper products that will be used across its ASGARD, BTFG and Westpac ...

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
Strong investment returns from rebounding capital markets have strengthened UniSuper's balance sheet sufficiently to enable the fund trustee board to announce they no longer need to consider reducing members' benefits to maintain the fund's solvency. ...

ASIC admits Commonwealth FP investigation was "not adequate"

LAURA MILLAN  |  MONDAY, 5 AUG 2013
Communication with the whistleblowers who revealed poor practices within the Commonwealth Bank Financial Planning (CFP) unit was inadequate the Australian Securities and Investments Commission (ASIC) has admitted. ASIC recently submitted a 18-page document ...

Bank levy upsets senior lobby

JAMES FERNYHOUGH  |  FRIDAY, 2 AUG 2013
Lobby group National Seniors Australia have criticised the government's plan to put a 0.05% levy on bank deposits in 2016, saying it will force pensioners into riskier investment alternatives. National Seniors Australia chief executive Michael O'Neill ...

Market Wrap AM

AAP  |  FRIDAY, 2 AUG 2013
The Australian market looks set to open substantially higher after sharp rallies on Wall Street following strong economic data from China, Europe and the US. A battery of better-than-expected headlines included data showing strong manufacturing activity ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
Senior Commonwealth Bank (CBA) executive Ian Bailey declared that the bank's retail division had a role in the collapse of Storm Capital in January 2009. A document detailing an examination to Bailey by the Australian Securities and Investments Commission ...

Credit Suisse Asia Pac private banking chairman steps down

MARK SMITH  |  MONDAY, 29 JUL 2013
Credit Suisse chairman of private banking for the Asia Pacific region Marcel Kreis has stepped down from his role this month, the financial services company has confirmed. Kreis joined Credit Suisse in February 2007 as head of private banking for Asia ...

ASIC highlights higher enforcement rate ahead of Senate inquiry

LAURA MILLAN  |  THURSDAY, 25 JUL 2013
The Australian Securities and Investments Commission (ASIC) has made a total of 371 enforcement actions between January and June 2013, according to an enforcement report released ahead of the Senate inquiry on ASIC's performance. In line with its efforts ...

Fake press release activist faces 10 years in jail

MARK SMITH  |  WEDNESDAY, 24 JUL 2013
An environmental activist who issued a fake ANZ Bank press release and caused a crash in Whitehaven Coal's share price faces 10 years in prison. On 7 January 2013, Jonathan Moylan sent out a false media release which said ANZ Bank had pulled its $1.2 ...

IFM's FUM surges by 34% on global support

ALICE URIBE  |  TUESDAY, 23 JUL 2013
Global investment manager IFM has seen a 34% growth in funds under management, form $34 billion to $46 billion, which is more than double the asset growth of the overall Australian superannuation market. The fund manager reported a growth in offshore ...