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Showing 2251 - 2260 of 2989 results for "ARRA"

QSuper appoints NAB for custody

COMPANY RELEASE  |  THURSDAY, 13 MAY 2010
The $28 billion public sector superannuation fund, QSuper, has appointed National Australia Bank (NAB) to provide master custody and investment reporting services. The engagement of NAB's asset servicing division follows an extensive review process ...

New mining tax is miners' own idea

ALEX DUNNIN  |  FRIDAY, 7 MAY 2010
Super funds and investors upset about the mining stocks plunge this week should shift their blame from the government and instead zero in on the miners themselves because it was their idea. In a 20-page submission to the Henry Review in November 2008 ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
Gunns Limited, which owns the Responsible Entity of several Great Southern schemes, flagged it will not be making any MIS offers this financial year. Gunns Limited owns Gunns Plantations - the responsible entity for the 1998 - 2006 Great Southern pulpwood ...

AMP upgrades insurance

PRESS RELEASE  |  WEDNESDAY, 5 MAY 2010
AMP has improved its risk insurance by launching a number of services to help advisers with the underwriting process. The group's trauma product has been upgraded, too. AMP's concierge service means financial advisers can contact the underwriter who ...

S&P places sell rating on AMP fund

COMPANY RELEASE  |  FRIDAY, 30 APR 2010
S&P Fund Services has assigned a 'sell' rating to the AMP Capital Small Companies Fund after AMP Capital Investors announced the resignation of its portfolio manager, Michael Hughes. This leads to uncertainty surrounding the future of an Australian ...

Industry prepares for new advice era

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 27 APR 2010
The government's proposed reforms to change the way planners charge for advice will spur the industry's long-term growth, but at the cost of serious headaches and profits during the adjustment period. The minister for financial services, superannuation ...

Wingate slams Everest governance, wants board out

MICHELLE BALTAZAR  |  THURSDAY, 22 APR 2010
Wingate Group wins a small victory in its campaign to oust the Everest board due to poor governance after Everest said it will not award an options package to its chief executive Jeremy Reid. The Everest board said Reid has elected not to take up the ...

Market Wrap - Morning

AAP  |  TUESDAY, 20 APR 2010
The Australian stock market likely to open stronger following a mostly positive lead from Wall Street overnight. At 0736 AEST on the Sydney Futures Exchange, the June share price index contract was 33 points higher at 4,947 points. In economics news ...

Equipsuper to merge with Vision Super

RUTH LIEW  |  THURSDAY, 15 APR 2010
Equipsuper and Vision Super have announced a proposal to merge - creating an $8.6 billion fund with more than 150,000 members. A joint press statement was released today regarding a proposal to merge on 1 July 2013. Based on today's figures, the merged ...

MySuper proposal ignites storm

ALEX DUNNIN AND RUTH LIEW  |  THURSDAY, 15 APR 2010
Australia's superannuation market will be closed to new entrants under proposals by the Super System Review (SSR) that could effectively shut down competition, entrench incumbents and force small funds to merge. The proposals are in the review's MySuper ...