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Showing 3151 - 3160 of 4761 results for "July 2011"

HOSTPLUS awards custody tender to Citi, gets MySuper licence

ALICE URIBE  |  TUESDAY, 23 APR 2013
HOSTPLUS has appointed Citi its global custodian as part of its transformation to becoming a pooled superannuation trust (PST) according to chief investment officer Sam Sicilia. Sicilia told the Financial Standard that Citi won the tender after an 18-month ...

APRA warns licensees warning about 3 day rollovers

ALEX DUNNIN  |  MONDAY, 22 APR 2013
The Australian Prudential Regulation Authority (APRA) has today written to RSE licensees advising them of their new obligations to process rollovers within three days and use the Australian Taxation Office (ATO) developed SuperTIC service as their means ...

Industry under-prepared for SuperStream: Bravura

MARK SMITH  |  MONDAY, 22 APR 2013
The financial services industry's back-office technology systems are woefully under-prepared for the government's SuperStream reforms, according to Bravura global head of investment product Darren Stevens. Part of the reason, he said, is that most institutions ...

Henderson acquires 33% stake in 90 West AM

LAURA MILLAN  |  MONDAY, 22 APR 2013
Fund manager Henderson Global Investors (Henderson) has acquired 33% interest in 90 West Asset Management (90 West AM), an Australian-based natural resources investment management firm. Henderson and 90 West AM have entered into an exclusive global ...

Former Citigroup broker convicted for insider trading

LAURA MILLAN  |  FRIDAY, 19 APR 2013
The Western Australia Supreme Court has convicted a former Citigroup broker for insider trading, following an investigation from the Australian Securities and Investments Commission (ASIC). The broker, Colin Edward George Hebbard, of Gwelup, Western ...

Govt starts super reforms campaign

ALEX DUNNIN  |  FRIDAY, 19 APR 2013
The federal government has rolled out a public education campaign explaining superannuation reforms, starting with a website and street billboards. The website, http://superfuture.gov.au/ contains information for employers, individuals and super funds. ...

IPA and SPAA sign SMSF collaboration agreement

STAFF WRITER  |  FRIDAY, 19 APR 2013
The Institute of Public Accountants (IPA) and the SMSF Professionals Association (SPAA) have reached an agreement to collaborate as a bridge between the public accountancy and SMSF sectors. The two bodies will work together on areas such as accreditation ...

May's not far away

BENJAMIN ONG  |  FRIDAY, 19 APR 2013
It's getting close. It's less than two weeks away. Then we're in May -- that month of the year when the old Wall Street adage tells investors everywhere to sell and go away. And right on cue, the financial news are getting gloomier. We've already touched ...

Commonwealth Financial Planning restructures adviser remuneration

LAURA MILLAN  |  THURSDAY, 18 APR 2013
Commonwealth Financial Planning has announced the restructure of its adviser remuneration packages. As part of the changes it has removed trail commissions for advisers on managed investments and platforms. Insurance renewal revenue will be shared at ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
Reforms to the tax treatment of deferred lifetime annuity (DLA) products has added greater security for Australian retirees, according to Towers Watson. The new rules, if enshrined by legislation, remove inconsistencies between the manner deferred annuities ...