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Showing 2341 - 2350 of 2989 results for "ARRA"

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
ASIC has welcomed yesterday's court approval of the creditors Schemes of Arrangement that will oblige ANZ and Merrill Lynch to pay $226 million to Opes Prime clients. According to a media statement by ASIC, the schemes oblige ANZ and Merrill Lynch to ...

TWUSUPER ramps up fund features

RUTH LIEW  |  WEDNESDAY, 5 AUG 2009
A mid-sized Australian superannuation fund has revamped its investment switching, investment options and crediting rates arrangements to provide members with more choice and efficiency. TWUSUPER, which had $1.85 billion in funds under management at ...

UCSuper appoints IUS as insurer

RUTH LIEW  |  TUESDAY, 4 AUG 2009
The Uniting Church Superannuation Plan has appointed International Underwriting Services as its new insurer. UCSuper, which had $244 in funds under management at 31 December last year according to Rainmaker Information, signed a deal to bring on IUS ...

AMP clients buy more insurance

RUTH LIEW  |  MONDAY, 3 AUG 2009
Planners have found that many of their clients are more inclined to accept insurance advice and take new or additional cover following the global financial crisis, said Michael Guggenheimer, managing director of AMP Financial Planning. "Obviously in ...

PI insurers face $300m in claims

RUTH LIEW  |  THURSDAY, 30 JUL 2009
Advisers could face tougher hurdles to get professional indemnity cover as insurers expect a $300 million claims bill in the next three years resulting from collapses such as Storm Financial, said an industry expert. Christina Kalantzis, principal of ...

TGM wins Asset Super mandate

RUTH LIEW  |  WEDNESDAY, 29 JUL 2009
Tactical Global Management has been awarded a mandate to manage the $1.1 billion Asset Super's currency overlay for its international equities and alternatives portfolios. Asset Super had previously employed State Street Global Advisors to manage the ...

Prescriptive regulation is not the answer: Tanner

MICHAEL HOBBS  |  TUESDAY, 14 JUL 2009
Future financial services regulation should be flexible to deal with new problems as they arise but not invasive or prescriptive, said Lindsay Tanner, minister for finance and deregulation. Speaking at the International Corporate Governance Network ...

Investors shift more money outside super

RUTH LIEW  |  WEDNESDAY, 8 JUL 2009
The increasing number of government reviews and recent Federal Budget changes to super have prompted clients to boost investments outside of super to fund their retirement, said Centric Wealth advisers. According to Anne-Marie Esler, technical services ...

BGI and BlackRock mandates under review

RUTH LIEW  |  FRIDAY, 3 JUL 2009
Westscheme is intensely scrutinising the fates of the mandates within its $630 million Aussie equities portfolio, which is currently divided between Barclays Global Investors ($380 million) and BlackRock ($250 million), after the two firms announced ...

AvSuper appoints JANA

COMPANY RELEASE  |  THURSDAY, 2 JUL 2009
The $805 million AvSuper has appointed JANA Investment Advisers Pty Ltd as the fund's investment consultant. The appointment follows a benchmarking review of various investment consultants. AVSuper's previous asset consultant was Russell Investment ...