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Showing 2291 - 2300 of 3559 results for "October 28"

Super behemoths set to lock horns in Supreme Court

MARK SMITH  |  WEDNESDAY, 28 AUG 2013
Two behemoths of the superannuation industry, AustralianSuper and the Future Fund, will meet in the Victorian Supreme Court in mid-October to dispute the circumstances around the sale of a 29.7% stake in Perth airport. AustralianSuper, which manages ...

Problems, problems, problems

BENJAMIN ONG  |  TUESDAY, 27 AUG 2013
"Problems, problems, problems all day long Will my problems work out right or wrong..." -Everly Brothers Ahhh, the 'ber' months...they're almost here.A And true to form problems in the investment landscape are multiplying.A Statistics show that September ...

Hyperion joins Packer in taking Magellan profits

MARK SMITH  |  THURSDAY, 22 AUG 2013
Top-performing investment boutique Hyperion Asset Management has joined billionaire entrepreneur James Packer in selling down holdings in global equity and infrastructure fund house Magellan Financial Group. According to an update to investors on Hyperion's ...

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
National Australia Bank (NAB) has described stable earnings in its wealth division as it reports a 2% rise in cash profit to $1.5 billion in its latest quarterly update. The bank followed AMP and ANZ in expressing concern about the performance of its ...

Queensland adviser permanently banned

MARK SMITH  |  FRIDAY, 16 AUG 2013
A former Queensland financial adviser has been permanently banned by the Australian Securities and Investments Commission (ASIC) after an investigation found he provided inappropriate and unreasonable advice. ASIC's investigation found that between ...

BOQ to fork out $46 million over interest rate botch

JAMES FERNYHOUGH  |  THURSDAY, 15 AUG 2013
Bank of Queensland (BOQ) will refund $34.5 million to members after an internal review found it had applied incorrect interest rates and fees. BOQ said it will also incur additional remediation costs of $11.5 million, bringing the total loss to about ...

Trio director strikes back and takes APRA to court

LAURA MILLAN  |  THURSDAY, 15 AUG 2013
Former Trio Capital director David Millhouse is to counterattack the Australian Prudential Regulation Authority (APRA) decision to start proceedings in the Federal Court to disqualify him from financial services. Millhouse has decided to launch legal ...

Study shows dark pools benefit markets at low volumes

MARK SMITH  |  WEDNESDAY, 14 AUG 2013
Low levels of trading in dark pools actually improve market quality, according to a new study by Capital Markets Cooperative Research Centre (CMCRC). The independent academic centre for capital market research's findings follow concerns from some traders ...

APRA takes Trio director to Court

LAURA MILLAN  |  TUESDAY, 13 AUG 2013
The Australian Prudential Regulation Authority (APRA) has started proceedings in the Federal Court of Australia seeking the disqualification of former Trio Capital director David Millhouse. APRA is asking the Court to disqualify Millhouse from acting ...

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 ...