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Super SA slashes mgmt and admin fees

RUTH LIEW  |  THURSDAY, 2 JUL 2009
Super SA has rebranded its allocated pension option to become the Super SA Income Stream and reduced its overall investment management and administration fees. Super SA announced the change yesterday on its website. The option still retains eight investment ...

Shadforth searches for more practices

COMPANY RELEASE  |  THURSDAY, 2 JUL 2009
The Shadforth Financial Group is looking to attract other practices to the fold after 13 financial planning firms started to operate under the brand yesterday. The 'Best Advice' project or 'Project East-West' as it is also known as, combined 13 financial ...

Morris quits as BTIM chief

RUTH LIEW  |  WEDNESDAY, 1 JUL 2009
Dirk Morris, chief executive of BT Investment Management, has resigned. Morris, who tendered his resignation yesterday, will step down from his role as chief executive on 1 October, after the company's financial year end. Morris is leaving the role ...

Malaysia opens doors to foreign fundies

RUTH LIEW  |  WEDNESDAY, 1 JUL 2009
Australian fund managers looking to expand in Asia could soon put Malaysia on their watchlist, following Prime Minister Najib Razak's announcement yesterday allowing foreign fund managers to be "fully liberalised" in the country. Razak, in his most ...

Not a happy EOFYS on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2009
... of the month, the quarter and the halfway mark of 2009 would end on a high note for Wall Street, it ended with a whimper. Yes, while we were recharging our batteries -- and dreaming about winning that A$106 million OZ Lotto jackpot - Wall Street and ...

Another red-lettered year

BENJAMIN ONG  |  TUESDAY, 30 JUN 2009
... close to produce a zero year-on-year return. Good luck! Perhaps it's better betting on tonight's A$90 million OZ Lotto draw. Yes Virginia, expect another superannuation statement detailing your losses for the 2008/2009 financial year. The good news is ...

Black or white - just beat it

BENJAMIN ONG  |  MONDAY, 29 JUN 2009
... means. US personal income increased by a significant 1.4 per cent in May following a 0.7 per cent rise in the previous month. Yes, it's true that growth in personal incomes was boosted by one-time payments under the American Recovery and Reinvestment ...

UK planners face new advice regime

MICHELLE BALTAZAR  |  FRIDAY, 26 JUN 2009
The UK's financial services regulator, the Financial Services Authority (FSA), has proposed sweeping reforms to help consumers get 'independent advice', including an end to commission-based investment advice by 2012. The consultation paper on Retail ...

No proof lack of regulation caused GFC: APRA

ALEX DUNNIN  |  FRIDAY, 26 JUN 2009
Just because the GFC happened doesn't mean it was caused by a lack of regulation, said a senior APRA executive in a major speech this week. "Just because one event follows another does not mean that the first event caused the second event," explained ...

Up yours

BENJAMIN ONG  |  FRIDAY, 26 JUN 2009
See my finger? Yes, the middle one. No. The statement is not to gloat about Wall Street's overnight jump proving my call for a continuation of the equity market uptrend correct. Speaking of which, America's major stock market indexes jumped 2 per cent ...