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Showing 2511 - 2520 of 3556 results for "October 27"

GM shuts down DB fund

ALEX DUNNIN  |  THURSDAY, 16 FEB 2012
General Motors has bowed to the inevitable and announced it will shut its defined benefit pension fund and move salaried employees into the company's accumulation 401(k) scheme, citing balance sheet risk. The car manufacturing world heavy weight got ...

S&P Capital IQ closes local fund research, wealth services

MELANIE TIMBRELL  |  THURSDAY, 16 FEB 2012
S&P Capital IQ has announced it will focus on institutional clients and no longer conduct local funds research and wealth management services from October this year. In total, 30 jobs are expected to be lost in the move, which will see a concentration ...

Adviser obligations need to be institutionalised: AFA

MELANIE TIMBRELL  |  WEDNESDAY, 8 FEB 2012
Educating industry professionals and the public in general is vital if the advice profession is to overcome the reputation damage caused by events such as the collapse of Storm Financial, according to the head of the AFA. Speaking at the Association ...

HFT and dark pools keep ASIC on its toes

MELANIE TIMBRELL  |  TUESDAY, 7 FEB 2012
High frequency trading and dark pools are the biggest issues of contention in the Australian Securities and Investment Commission's extended consultation process on market integrity rules, according to one industry expert. Australian Securities and ...

Ibbotson secures NEO Financial Solutions mandate

ELISE BURGESS  |  WEDNESDAY, 1 FEB 2012
Ibbotson Associates Australia has been appointed dedicated implemented investment consultant for NEO Financial Solutions, developing the group's advice processes and practice management. Founded by Mark Edman and Mark Woods, both Woods and Edman were ...

Super tax concessions in spotlight

MELANIE TIMBRELL  |  MONDAY, 30 JAN 2012
A new government roundtable will see industry groups argue tax concessions are the only way Australians will fully fund their own retirement. Treasurer Wayne Swan and Minister for Financial Services and Superannuation Bill Shorten announced the Superannuation ...

Market Wrap - Morning

AAP  |  MONDAY, 30 JAN 2012
SYDNEY - The Australian market looks set to open slightly higher. At 0632 AEDT on Monday, the March share price index futures contract was up five points at 4255. No major economic news is expected on Monday. In equities news, Roc Oil, Linc Energy ...

Demand for term deposits on the rise

MELANIE TIMBRELL  |  FRIDAY, 20 JAN 2012
Risk appetites are resulting in increased demand for the stable returns of term deposits within super and pension portfolios, according to MLC. The MLC MasterKey Fundamentals platform has today reported nearly $400 million in funds under administration ...

Retail and insto teams combine to drive strategy

MELANIE TIMBRELL  |  MONDAY, 16 JAN 2012
Consolidation in the retail market is prompting Australian fund managers to rethink traditional distribution models, with some key players opting to merge their institutional and retail distribution arms. Aberdeen Asset Management was one of the first ...

AMIST Super appoints new CEO

RACHEL DAVIS  |  FRIDAY, 16 DEC 2011
James Thomas has been appointed to the role of chief executive officer for AMIST Super, the $1.2 billion meat industry fund. The previous CEO of AMIST Super, John Livanas, resigned to take over as chief executive officer of State Super on October 24. ...