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Showing 2791 - 2800 of 6251 results for "December 29"

July 1 will end the "amateur" SMSF era

ALEX BURKE  |  MONDAY, 21 MAR 2016
New entry and licensing requirements for SMSF auditors and accountants from July 1 will likely result in many funds being wound up, according to industry consultant John Wiseman. Wiseman noted that, as at December 2015, SMSFs represented 30% of the ...

Easier for as long as necessary?

BENJAMIN ONG  |  MONDAY, 21 MAR 2016
... but now the dot plots show the FOMC expects to lift interest rates by only another 50 bps this year (from 100 bps) in December - or two rate hikes rather than December's four. The announcement sent the US dollar down, commodities up and the equity markets ...

Retail managed funds rose strongly in 2015

MARK SMITH  |  FRIDAY, 18 MAR 2016
The retail managed fund industry saw marked growth in the 2015 posting 7.5% growth in funds under management, according to figures from Plan For Life. The numbers show retail managed fund assets under management grew to $748.8 billion in what the researcher ...

ME lifts profit 8pct

MARK SMITH  |  THURSDAY, 17 MAR 2016
Industry super fund-owned bank ME has posted an after-tax underlying net profit of $30.2 million for the six months to 31 December 2015, a rise of 8% on the previous corresponding period. ME chief executive Jamie McPhee said it was a strong result in ...

PM Capital founder leaves to launch BTIM boutique

ALEX BURKE  |  WEDNESDAY, 16 MAR 2016
BT Investment Management has launched a global equities boutique led by one of the founding shareholders of PM Capital. Ashley Pittard, who has worked in portfolio management at PM Capital for 17 years (and is also a BTIM veteran), will manage the boutique ...

Risk sales were flat in 2015

ALEX BURKE  |  TUESDAY, 15 MAR 2016
Overall life/risk insurance product sales were flat throughout 2015, according to DEXX&R research. DEXX&R's Life Analysis Report is based on the data provided for all business from Australian life insurance companies, and reveals that individual sales ...

AXA IM sees inflows double

MARK SMITH  |  TUESDAY, 15 MAR 2016
AXA Investment Managers (AXA IM) saw record net new money inflows in 2015, with strong demand coming from Australia and the wider Asia Pacific region. AXA IM pulled in €42 billion ($62 billion) globally in the 12 months to 31 December 2015, a 120% ...

First State Super renames investment options

DARREN SNYDER  |  TUESDAY, 15 MAR 2016
First State Super has changed the name of three of its pre-mixed investment options in a bid to better describe and reflect each broad investment objective. The $52 billion fund has renamed its diversified, balanced, and capital guarded pre-mix investment ...

We've got the power and firepower (still)

BENJAMIN ONG  |  MONDAY, 14 MAR 2016
Despite deteriorating market confidence and doubts over central banks' firepower and ability to influence market moods and outcomes, the events of the past week showed that CBs are anything but powerless. The Reserve Bank of New Zealand's (RNBZ) unexpected ...

Market slide widens super performance gap

ALEX BURKE  |  MONDAY, 14 MAR 2016
Recent lower listed market returns are highlighting the performance gap between retail and not-for-profit superannuation funds, according to Rainmaker research. In the month to 31 January, the Rainmaker SelectingSuper workplace default option MySuper ...