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Showing 2331 - 2340 of 2989 results for "ARRA"

Ban flipping arrangements: ISN

RUTH LIEW  |  TUESDAY, 15 SEP 2009
Industry Super Network is calling for the immediate ban of 'flipping' - the transferring of members from a wholesale fund to a more expensive personal super product - citing high fees and increased insurance premiums as key problems of the practice. ...

FSA fines firm for bad advice

FSA RELEASE  |  MONDAY, 14 SEP 2009
UK-based Financial Services Authority (FSA) fined a financial advice firm $27,000 for failing to match client appetite for risk with appropriate investment products. The regulator found the Henry Neil practice advised clients to sell segments of existing ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 SEP 2009
The Australian share market is expected to have another day in positive territory after a rise on Wall street and stronger commodity and metals prices. At 0736 AEST on the Sydney Futures Exchange, the September share price index contract was 11 points ...

Powerwrap goes live

COMPANY RELEASE  |  TUESDAY, 8 SEP 2009
Praemium-backed online managed funds trading platform Powerwrap has started operations, and is aiming to add SMA functionality to its repertoire in the next quarter. The Powerwrap Investment Account - a managed investment scheme (MIS) operating on Praemium's ...

TOWER nabs $600m AustralianSuper deal

MICHAEL HOBBS  |  MONDAY, 7 SEP 2009
TOWER has secured a $600 million insurance deal with AustralianSuper, the country's largest super fund - and the insurer's winning tender could spur the biggest shake-up in the sector this year. The deal, the largest in Australia this year with an annual ...

Macquarie enters China JV

RUTH LIEW  |  FRIDAY, 28 AUG 2009
Macquarie Group has established a trust company joint venture in mainland China - the second JV in less than a week following its recent deal with Middle Eastern investment bank, Gulf Finance House. The Chinese JV, which will be called Sino-Australian ...

Zurich's three-year health check spur mandate changes

MICHAEL HOBBS  |  FRIDAY, 28 AUG 2009
Zurich Investment Management has made dramatic changes to its Managed Growth Fund following a major review conducted once every three years. The changes follow a review with Mercer, the firm's investment consultant, which occurs every three years. Kansas ...

RSL calls for super revamp

MICHAEL HOBBS  |  WEDNESDAY, 26 AUG 2009
The Returned Services League (RSL) is calling for the government to address how it calculates military pensions after an alternative pension index rose by almost double the consumer price index in the first half of this year. Bill Crews, national president ...

Clock ticking for UK defined benefit schemes

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
Research has found half the UK companies with defined benefit pension schemes expect to close them to all employees in the next three years, forcing employees to rely on defined contribution schemes instead. Watson Wyatt research found more than one ...

Ripoll Inquiry must build on FSR progress: AFA

RUTH LIEW  |  THURSDAY, 6 AUG 2009
Investigating the collapses of Storm and Opes Prime could help improve Australia's financial advice system - but any radical changes to current FSR arrangements could chime the death knell of good financial advice, warns a key industry association. ...