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Showing 2281 - 2290 of 2989 results for "ARRA"

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud. Gordon, of Redheads, New South Wales, will be released after serving eleven months but will have to enter into a recognizance ...

CareSuper ramps up insurance appeal

CARESUPER RELEASE  |  THURSDAY, 18 FEB 2010
The $3.2 billion CareSuper is doubling the death and TPD cover for members over 30, and basing its default cover for younger members on their lifecycle commitments. CareSuper, the 200,000 member industry fund for administrative and professional employees ...

Good news day

BENJAMIN ONG  |  THURSDAY, 18 FEB 2010
... on this day -- the first anniversary of the disbursement of the stimulus from the American Recovery and Reinvestment Act (ARRA) - the Obama administration is congratulating itself for a job well done. The fiscal and monetary stimulus worked. Reuters ...

AustralianSuper wins $650m Elders mandate

RUTH LIEW  |  MONDAY, 15 FEB 2010
AustralianSuper has won a $650 million and 12,500 member-strong corporate super mandate from Elders - making the transfer one of the largest of its kind in Australian corporate superannuation history. The $30 billion-plus AustralianSuper was the successful ...

Fund managers on tax alert

MICHAEL HOBBS  |  FRIDAY, 12 FEB 2010
Fund managers could lose major clients or risk paying hefty fines if they don't comply with new tax rules which come into effect from July this year, according to one technology firm. According to Corrs Chambers Westgarth, Taxation of Financial Arrangements ...

More funds adopt intra-fund advice

RUTH LIEW  |  FRIDAY, 5 FEB 2010
Super funds are racing to get the government's rubberstamp on intra-fund advice relief - with AvSuper, Plum and HESTA among those that already offer, or about to offer, the expanded advice service to their members. AvSuper received the authorisation ...

Gold's dimming lustre

BENJAMIN ONG  |  THURSDAY, 4 FEB 2010
Gold's spectacular run in 2009 appears to have run out of puff this early in the New Year. The yellow metal produced a hefty 27.1 per cent return last year as prices jumped from US$862.20 per ounce in January 2009 to a high of US$1,212.00 an ounce on ...

No easy gains in Indian equities: Pereira

PRESS RELEASE  |  TUESDAY, 2 FEB 2010
The Indian share market will be a stockpicker's market after the index returned the strongest gains in Asia last year, said one fund manager. John Pereira, managing director at India Equities Fund, said the Indian market posted the third strongest market ...

One down, more to go

BENJAMIN ONG  |  THURSDAY, 28 JAN 2010
There were no surprises contained in the Fed's statement after it concluded its two-day FOMC meeting overnight. Wall Street breathed a sigh of relief. One down! "The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent ...

CFS signs distribution deal with Aspect

MICHAEL HOBBS  |  FRIDAY, 22 JAN 2010
Colonial First State has signed an exclusive alliance with Aspect Capital to distribute the investment manager's products in Australia and New Zealand. Aspect Capital specialises in futures trading that seeks to provide consistent returns across more ...