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Showing 2341 - 2350 of 3289 results for "Smith"

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
BOQ, Senrac and Macquarie have agreed to pay $1,100,000 in compensation for losses made by former Storm investors Barry and Deanna Doyle. The figure was calculated by independent experts and Australian Securities and Investment Commission (ASIC) under ...

UK to consider Australia model for small pension fund mergers

MARK SMITH  |  TUESDAY, 28 MAY 2013
Support is gathering for the UK government to follow in Australia's footsteps and merge small local authority pension funds after Financial Times research revealed huge disparities in fees paid to fund managers. According to the UK broadsheet, some ...

Perpetual hires new distribution manager

MARK SMITH  |  TUESDAY, 28 MAY 2013
Perpetual has appointed Dean Winterton as general manager distribution for its Perpetual Investments business. Winterton will be responsible for driving inflows via a targeted sales and marketing strategy aimed at reducing redemptions and growing the ...

Deposits from adviser market boost ME Bank deposits

MARK SMITH  |  TUESDAY, 28 MAY 2013
Deposits from the adviser market have contributed to significant growth in customer deposits with ME Bank. The bank has tripled its deposit book to about $7 billion over the last three years to April 2013. ME Bank general manager network sales and relationships ...

William Blair targets super fund investors with 'game theory'

MARK SMITH  |  TUESDAY, 28 MAY 2013
Chicago-based asset manager William Blair's head of dynamic allocation strategies Brian Singer has been in Australia promoting the firm's Macro Allocation Fund to institutional investors. The strategy is centred on the investment philosophy of 'game ...

Planning software not ready for FoFA opt-in hurdle

MARK SMITH  |  MONDAY, 27 MAY 2013
More than a third of financial advisers say they do not yet have software which they believe can adequately manage their opt-in requirements, according to a recently published Midwinter Financial Services survey. For its FoFA Advice Impact Survey, Midwinter ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
The Australian Securities and Investments Commission (ASIC) has appealed against the Federal Court's decision to approve a settlement between the former clients of Storm Financial and Macquarie Bank. The settlement follows a class action brought against ...

Super funds need low volatility shares for pension portfolios

MARK SMITH  |  MONDAY, 27 MAY 2013
Superannuation members in the post-retirement phase should have exposure to lower volatility, income paying stocks, according to Investors Mutual investment director Anton Tagliaferro. Traditional investment theory dictates that as investors grow older ...

Careful of the recession you wish for

BENJAMIN ONG  |  MONDAY, 27 MAY 2013
... conducted by Morgan Stanley suggests." And just to make it three for three, the SMH published an article by David Llewellyn-Smith of Macro Business last week where he wrote that, "I believe there's a 50 per cent chance Australia will enter a recession ...

AUI investors approve property fund merger

MARK SMITH  |  FRIDAY, 24 MAY 2013
Investors in Australian Unity Investments' (AUI) Second Industrial Trust (SIT) have voted in favour of a merge with AUI's Office Property Fund (OPF) at a meeting of investors in Melbourne. The proposal, which had the support of 89.8% of voters, will ...