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Showing 2551 - 2560 of 3117 results for "November 2003"

Legalsuper members make a choice

RUTH LIEW  |  WEDNESDAY, 18 MAR 2009
More than half of the $1 billion industry fund legalsuper's members are taking charge of their investment choice - a strong sign that informed members are increasingly voicing their opinions on how their super should be run. A survey that was conducted ...

Higher fees, more cover: AustralianSuper

RUTH LIEW  |  TUESDAY, 17 MAR 2009
One of the country's largest super funds, AustralianSuper, is raising its admin fees by 50 per cent and is broadening its insurance cover, all in a bid to improve member services. All of the fund's members' accounts are now being charged $1.50 per week ...

AIG: 100 per cent GFC proof

BENJAMIN ONG  |  TUESDAY, 17 MAR 2009
'Under these circumstances, it's hard to understand how derivative traders at A.I.G. warranted any bonuses at all, much less US$165 million in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?' US President ...

Ex-director banned for 25 years

MEDIA RELEASE  |  MONDAY, 16 MAR 2009
Edwin Goulding, former director of the Sydney Investment House Group (SIH Group), was banned by the Supreme Court of New South Wales from managing corporations for 25 years. Following an investigation and proceedings commenced by the Australian Securities ...

The power of optimism

BENJAMIN ONG  |  MONDAY, 16 MAR 2009
'Never underestimate the power of optimism.' (Camp Quality) This was perfectly proven by the equity markets' strong performance last week where many of the indices - if not all - spiked to their best weekly gain since November 2008. News reports and ...

Jobless rate in perspective

BENJAMIN ONG  |  FRIDAY, 13 MAR 2009
'Job losses worst for 18 years' (AFR). 'Australian Jobless Rate Climbs to 4-Year High of 5.2%' (Bloomberg). Boy oh boy, here we go again. Each time Australia's job numbers are updated, we get the media's display of their masochistic tendencies. We are ...

KBC blocks water fund

MICHAEL HOBBS  |  MONDAY, 9 MAR 2009
KBC Asset Management's Global Water fund is closed to new money in Australia. Simon Padley, KBC Asset Management head of distribution, said the fund is not accepting new money because the Belgian based asset manager is reviewing some of the group's ...

AFA hits back at fee-for-service report

RUTH LIEW  |  THURSDAY, 5 MAR 2009
The Association of Financial Advisers has criticised the small sample size of a recent Rice Warner Actuaries report that highlighted Australians risk paying 13 times more for commission-based advice versus fee-for-service. Richard Klipin, chief executive ...

ML downsizes private equity team

MICHAEL HOBBS  |  MONDAY, 2 MAR 2009
Merrill Lynch is scaling back its Sydney-based private equity division, according to industry sources. It is understood Merrill Lynch has axed many of the firm's Australian based private equity employees. A company spokesperson neither confirmed nor ...

Market Wrap - Morning

AAP  |  MONDAY, 2 MAR 2009
The Australian share market is likely to open lower after data on Friday showed a deeper-than-anticipated contraction in the US economy, prompting a slump in share prices there. At 0724 AEDT on the Sydney Futures Exchange, the March SPI futures index ...