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Showing 301 - 310 of 562 results for Ben Collins

APRA probe key in NAB case: Lawyers

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
It's APRA's understanding that National Australia Bank's (NAB) risk assessment of investments linked to toxic US subprime mortgages was insufficient, according to documents filled in the Supreme Court of Victoria yesterday. An affidavit tendered to ...

Legg Mason restructures distribution

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
Fund manager Legg Mason will shift its focus to institutional and intermediary markets, with a restructure of its distribution, client service and market functions. Legg Mason said the restructure was a direct response to the increased blurring of the ...

Mac Life expands claims and underwriting team

BEN COLLINS  |  TUESDAY, 4 SEP 2012
Macquarie Life has made two new hires in its underwriting and claims teams. Tony Baker will take on the role of financial risk manager and will provide specialist expertise and support to advisers on financial underwriting and claims cases. In addition ...

AusEthical announces 64% profit drop

BEN COLLINS  |  TUESDAY, 4 SEP 2012
The only thing up in Australian Ethical Investment's (AEI) full year results were expenses, with a 64% net profit (after tax) drop on the previous year announced yesterday. Lower revenues caused by a 3.6% drop on funds under management, bad market conditions ...

Plug the $1 trillion savings shortfall: FSC

BEN COLLINS  |  TUESDAY, 4 SEP 2012
New research has prompted the Financial Services Council (FSC) to call for longer working lives, to plug a massive retirement savings hole caused by people outliving life expectancies. Australians who live longer than current life expectancy will face ...

Investment banking scale down: Barclays

BEN COLLINS  |  MONDAY, 3 SEP 2012
British bank Barclays may scale down its investment banking arm, after new chief executive Antony Jenkins said new regulations would "make some activities in investment banking difficult to make an adequate return on." He said profits would be hit by ...

Buying volatility a viable alternative

BEN COLLINS  |  MONDAY, 3 SEP 2012
Futures on the VIX exchange can allow funds to diversify portfolios by buying volatility, said Chris Thompson, Portfolio Manager, Advance Asset Management. Thompson said that a lot of alternative investment strategies involve "going long" on volatility ...

Loss "disappointing": Austock

BEN COLLINS  |  MONDAY, 3 SEP 2012
Austock Group has reported a full year after tax loss of $16 million, blaming one-off costs from the sale of its securities business and regulations which tied up capital. Austock lost $10.7 million through its securities business, which it sold to ...

Farm land a viable alternative

BEN COLLINS  |  FRIDAY, 31 AUG 2012
Farm land as an alternative investment can be a good way to diversify portfolios, said Nicole Connolly, director of Alternative Investments, Russell Investments Australasia. It is an investment that is exposed to favorable secular drivers, but requires ...

Call for change follows Perpetual 57% profit fall

BEN COLLINS  |  THURSDAY, 30 AUG 2012
Perpetual needs more accelerated and fundamental change, said chief executive and Managing Director Geoff Lloyd, after announcing the group's $26.7 million net after tax profit - a 57% fall on the previous year. A group-wide cost reduction program in ...