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Showing 2321 - 2330 of 2989 results for "ARRA"

HESTA pays managers after tax

COMPANY RELEASE  |  THURSDAY, 15 OCT 2009
The $13 billion HESTA is taking a new approach to measuring and remunerating Aussie equities fund managers by making them accountable for the tax implications of their decisions. According to a press statement by HESTA, the fund would be the first super ...

Sentry buys AFG Financial Planning

COMPANY RELEASE  |  WEDNESDAY, 14 OCT 2009
National dealer group Sentry Group has acquired the financial planning arm of Australia's largest mortgage broker, Australian Finance Group - bringing Sentry's funds under advice to $2.2 billion. ING Australia-backed Sentry Group acquired Australia ...

AIOFP elects new board for PCM

MICHELLE BALTAZAR  |  TUESDAY, 13 OCT 2009
Members of the Association of Independently-Owned Financial Planners (AIOFP) have elected a new board to oversee its product manufacturing arm, Personal Choice Management, ahead of a bidding war on which platforms will manage around $4 billion of fund ...

REI Super named as default fund

RUTH LIEW  |  THURSDAY, 8 OCT 2009
The $600 million REI Super has been named as the default superannuation fund in the first draft of a new Federal Real Estate Award. REI Super, which had $608 million at the end of June according to Rainmaker Information, has been singled out by the ...

Super fund exec pay under fire

MICHELLE BALTAZAR  |  WEDNESDAY, 30 SEP 2009
With shareholders in revolt about excessive remuneration pay of listed companies despite the market fallout, the focus is now on the remuneration pay of super fund executives, with WA Treasurer Troy Buswell reportedly attempting to block the chief exec ...

TWUSUPER rejigs investment mandates

RUTH LIEW  |  TUESDAY, 29 SEP 2009
The $2 billion TWUSUPER has cut its exposure to domestic listed property trusts to focus solely on international LPTs, and is considering allocating more funds to credit, infrastructure, emerging markets and hedge fund managers. Andrew Killen, chief ...

Asset Super pumps up insurance

RUTH LIEW  |  THURSDAY, 24 SEP 2009
Asset Super is introducing automatic life stage increases to members' insurance, and boosting the sum insured to each unit of standard cover in a bid to tackle underinsurance. The $1.1 billion industry fund will increase each unit of standard cover ...

Streamline super concessions to boost contributions

ALEX DUNNIN  |  WEDNESDAY, 23 SEP 2009
Rather than complain about superannuation complexity, the Industry Super Network has proposed a complete reworking of tax concessions around contributions that they argue will not only significantly improve superannuation equity but boost contribution ...

Industry awards top hedge funds in 2009

MICHELLE BALTAZAR  |  FRIDAY, 18 SEP 2009
It was standing room only at last night's Australian Hedge Fund Industry Awards, an event that recognised the country's top-performing hedge funds while raising money for children's cancer charity, Cure Our Kids. Taking the top award as Australian Hedge ...

Consultants back super communication

RUTH LIEW  |  THURSDAY, 17 SEP 2009
Asset consultants are doubling their efforts to provide education material to super fund members, as funds ramp up their commitment to allay members' worries in a post GFC world, said an industry expert. Paul Ireland, general manager of MLC Implemented ...