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Showing 231 - 240 of 364 results for Alison Bevege

Computershare gobbles up BNY Mellon shareowner services

ALISON BEVEGE  |  FRIDAY, 29 APR 2011
Investor services firm Computershare will buy BNY Mellon's shareowner services business for US$550 million in the biggest ever purchase for the firm, it told the Australian Stock Exchange today. Two banks have provided bridging finance for the purchase ...

SMSF trustees hit pension payment woe

ALISON BEVEGE  |  FRIDAY, 29 APR 2011
Self-managed super fund trustees risk being hit by tax and forced liquidations in the pensions phase if they don't plan ahead, financial services firm HLB Mann Judd has warned. Michael Hutton, head of wealth management at the firm, said self-managed ...

Super funds praise reforms

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
The superannuation funds industry responded to the Government's financial reforms today with praise for the expansion of scaled advice. The Future of Financial Advice reforms have expanded the limited form of financial advice to a range of providers ...

UBS lost fund finds a manager

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
UBS Global Asset Management has found a new portfolio manager for the Small Companies Fund, left in limbo after two members of the three-man management team left earlier this month. Victor Gomes, most recently a portfolio manager at Selector Funds Management ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Minister for Financial Services Bill Shorten has eased reforms on financial planners by extending the opt-in period but the Opposition has attacked, saying it would still cost an average firm $50,000. Adviser groups have lobbied hard against the opt-in ...

Dealer groups miss commissions

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Dealer groups today welcomed the future of financial advice reforms - but unanimously disapproved of the banning of life insurance commissions within superannuation funds. MLC & NAB Wealth, AMP and AXA, and BT Financial Group said they were happy the ...

My Adviser takeover brings new managing director

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
Financial planning dealership My Adviser has named Philippa Sheehan as its new managing director in a generational change prompted by the friendly takeover by Plan B. Current managing director, Michael Summers, said he would withdraw from the role as ...

Fund managers struggle to beat index

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
Active fund managers found it very difficult to beat benchmark performance indexes after fees in the first quarter, research house Morningstar has revealed. Managers investing in large-cap Australian shares were evenly split between those that beat ...

West takes east-coast planners

ALISON BEVEGE  |  WEDNESDAY, 27 APR 2011
West Australian wealth management firm Plan B has begun a friendly takeover of financial planning dealership My Adviser, opening the door to a large network of eastern state advisory businesses. The My Adviser network has 54 advisory firms with 122 ...

Sustainable strategy downgraded

ALISON BEVEGE  |  THURSDAY, 21 APR 2011
Morningstar has downgraded an AMP Capital strategy to "avoid" after the loss of a key leader from the management team. The ratings agency reduced AMP Capital Sustainable Share Strategy to its lowest category following the departure of Michael Anderson ...