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Showing 261 - 270 of 594 results for "MCG"

FOFA makes assumptions on churning: Synchron

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
Independent adviser boutique Synchron has slammed elements of FOFA, claiming it will ultimately lead to advisers being penalised when acting in their client's best interest. Synchron has criticised two particular elements it says relate to churning ...

Life Insurance investment revenue takes a hit

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
Investment revenue in the life insurance sector nose dived last year, with latest APRA figures putting the total at $1.63 bn compared to $11.33 bn the previous year. In its quarterly stats for the industry to the year ending 31 December 2011, the regulator ...

CIOs see no let up in European debt crisis

CLAIRE MCGREAL  |  TUESDAY, 6 MAR 2012
Europe's debt crisis remains a cause for concern for Australian institutional investors, with the ongoing saga cited as the biggest risk to returns over the next 12 months. The survey of chief investment officers represented by the Financial Services ...

HESTA members get insurance boost

CLAIRE MCGREAL  |  TUESDAY, 6 MAR 2012
Health and community services super fund HESTA has added new insurance benefits for its members. Under the changes HESTA members who experience a "significant life event" can apply for more insurance cover, without having to provide evidence of their ...

Australian First Mortgage and SuperShift form alliance

CLAIRE MCGREAL  |  MONDAY, 5 MAR 2012
Australian First Mortgage and SuperShift Australia have joined forces to offer mortgage brokers the facility to be able to take part in SMSF limited recourse loans. The alliance, which sees the creation of the AFM SuperShift product, means brokers can ...

Tax and Super bill doesn't go far enough: SPAA

CLAIRE MCGREAL  |  MONDAY, 5 MAR 2012
The Self Managed Super Fund Professionals Association of Australia claims the government's excess contribution tax threshold of $10,000 is not high enough. The Tax and Superannuation Laws Amendment bill was introduced into parliament last week, which ...

Rice Warner appoints new head of super

CLAIRE MCGREAL  |  FRIDAY, 2 MAR 2012
Rice Warner has named Mark Blair as a new principal and national head of superannuation, where he will lead the actuary's growing super consulting practice. Blair takes over from current head of super and company director Jeff Warner, who will stay ...

ASIC bans Victorian adviser

CLAIRE MCGREAL  |  FRIDAY, 2 MAR 2012
A former Victorian company director and adviser has been permanently banned from the industry after he withdrew more than $200,000 from client accounts over four months. ASIC found Nenad Petrovic, now living in Brisbane, acted dishonestly and contrary ...

Fiducian posts sustained half year results

CLAIRE MCGREAL  |  FRIDAY, 2 MAR 2012
Fiducian has posted half yearly after tax profits of $1.44 million, with an operating profit after tax of $2.195 million to June 30, 2011. The firm said it was pleased to have sustained its revenue in the face of ongoing market volatility and "wider ...

H3 Global wins LG Super mandate

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
Westpac- linked H3 Global Advisers has been awarded a $55 million mandate by Local Government Super in New South Wales, pushing its total assets under management to over $600 million. H3 Global is 45% owned by Ascalon Capital Managers, which is fully ...