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Showing 2211 - 2220 of 5176 results for "YES"

Legg Mason chief replaced to staunch investor outflow

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Legg Mason chairman and chief executive Mark Fetting will step down effective October 1 amid pressure from activist investor Nelson Peltz's Trian Fund Management and five years of client outflows. Fetting's departure will be two months before a standstill ...

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Proposed new changes from Treasury would see the prudential regulator awarded pre-emptive powers to remove trustees, directors or officers of a superannuation fund where a breach of law was anticipated. The move was part of a broad-reaching consultation ...

Medcraft calls for international super benchmarking

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Super funds should give members detailed information on where funds are being invested, and benchmark allocations against an international standard, ASIC chairman Greg Medcraft has said. Medcraft has previously argued in favour of detailed asset allocation ...

They will or they won't

BENJAMIN ONG  |  WEDNESDAY, 12 SEP 2012
... specific policies that produce a stabilization and then downward trend in the ratio of federal debt to GDP over the medium term". Yes folks, Moody's is warning about the coming "fiscal cliff". Yeah, yeah, sure, sure. I don't know whether to OMG or ROFL. ...

Bendigo and Adelaide bank execs loose bonus

BEN COLLINS  |  TUESDAY, 11 SEP 2012
The senior executive team at Bendigo and Adelaide Bank has taken a pay cut, with bonuses withheld in light of this year's profit drop. The bank's annual report released yesterday revealed that no short term incentives had been paid to its executives ...

Market wrap - afternoon

AAP  |  TUESDAY, 11 SEP 2012
Australian stocks had a lacklustre opening after falls on Wall Street and in Europe. At 1018 AEST on Tuesday, the benchmark S&P/ASX200 index was down 14.3 points, or 0.34 per cent, at 4,319 points, while the broader All Ordinaries index had fallen 14.6 ...

No mandates lost over hybrid model: AustSuper

BEN COLLINS  |  TUESDAY, 11 SEP 2012
AustralianSuper today said that no mandates would be lost, as it moves to bring the management of 30% of its investments in house over the next five years. AustralianSuper wants to manage funds internally, starting with the management of its Australian ...

Time to stop the rot

BENJAMIN ONG  |  TUESDAY, 11 SEP 2012
Looks like some partygoers have gotten lost on their way to the party - Big Ben's party, that is. Less than 24 hours after Bloomberg Businessweek published this headline, "Fed Stuck at Zero Into 2015, QE Odds Reach 99%" yesterday, screens displaying ...

GBST Composer suite FoFA ready

LINDA HAUSKEN  |  FRIDAY, 7 SEP 2012
Global securities transaction and wealth administration software provider, GBST claims that its Composer suite is the first market ready response to the controversial Future of Financial Advice legislation. GBST Compose is a platform that aims to reduce ...

Australia: all good and wishing for the worst

BENJAMIN ONG  |  THURSDAY, 6 SEP 2012
... growth of 0.6% in the June quarter and 3.7% over the year marked exactly 21 years since Australia last experienced a recession. Yes folks, a year and 20! America has had 2 since then - Q1 to Q3 2001 and Q4 2007 to Q1 2009. But what's this? I can't hear ...