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Showing 2261 - 2270 of 2989 results for "ARRA"

ASIC targets alleged Ponzi scheme

ASIC RELEASE  |  WEDNESDAY, 14 APR 2010
ASIC has obtained court orders freezing $14.6 million in assets of four men from Victoria and Western Australia, due to concerns about the possible operation of a Ponzi-style scheme. The orders are against Peter van de Steeg, Jonathan Ezzy, Peter Berlowitz ...

Man wins $1.08 billion mandate

RUTH LIEW  |  TUESDAY, 13 APR 2010
Man Investments has won a $1.08 billion managed account mandate from one of the biggest pension funds in the UK, the $46 billion Universities Superannuation Scheme. The mandate will be managed from Man's UK headquarters and investment team, said Kit ...

Investors get $250m compensation for crook advice

FSA RELEASE  |  TUESDAY, 13 APR 2010
Unsuitable advice on pension switching in the UK still abound - prompting the UK's Financial Services Authority to publish new findings that will see advice firms pay $250 million in compensation to investors. The FSA found that a number of firms were ...

Health Super members get insurance boost

RUTH LIEW  |  TUESDAY, 13 APR 2010
No longer employed with a registered employer but still with Health Super? New insurance arrangements mean members can still receive cover despite ceasing employment with an employer. Health Super, which had $8 billion-plus in funds under management ...

MoneyForLife ups ratchet frequency

COMPANY RELEASE  |  TUESDAY, 13 APR 2010
ING Australia's longevity product MoneyForLife has increased its ratchet frequency from biennally (every two years) to annually. MoneyForLife is a retirement income solution that offers a guaranteed lifetime income and the flexibility associated with ...

Market Wrap - Morning

AAP  |  THURSDAY, 8 APR 2010
The Australian market has received weak leads from overnight trading offshore, with only precious metals prices ending higher in New York. On the Sydney Futures Exchange at 0720 AEST, the June share price index contract was 24 points lower at 4,956. ...

Local councils set to recover more from Lehman

PIPER ALDERMAN RELEASE  |  WEDNESDAY, 31 MAR 2010
Local councils that invested in Lehman CDOs won a small victory this week after a court judgment that could allow them to recover more of their money back from the collapsed firm. The High Court has dismissed an appeal against the judgment of the Federal ...

NAB a step closer to buying AXA

COMPANY RELEASE  |  WEDNESDAY, 31 MAR 2010
National Australia Bank has reached binding terms with French company AXA and AXA Asia Pacific to buy the firms' Australian and New Zealand businesses for $4.6 billion. According to a press statement released yesterday, the deal includes a proposal ...

Transurban deal off Future Fund table

RUTH LIEW  |  THURSDAY, 25 MAR 2010
The $66 billion Future Fund has terminated discussions with two Canadian pension funds on buying Transurban. The Future Fund Board of Guardians released a statement yesterday, stating it has "terminated discussions with the Canada Pension Plan Investment ...

Select looks to sign on six dealer groups

RUTH LIEW  |  MONDAY, 22 MAR 2010
Select Asset Management is in talks with six dealer groups looking to use the firm's Customised Portfolio Solutions (CPS). Andrew Fairweather, chief executive of Select Asset Management, said the firm had around six to seven dealer groups in the discussion ...