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Showing 311 - 320 of 471 results for "Tier"

CBA set to launch a $750 million hybrid offer

LINDA HAUSKEN  |  TUESDAY, 4 SEP 2012
... the 12 of September, which is expected to raise $750 million. The CBA's hybrid offer, known as PERLS VI, will qualify as a Tier 1 Capital and will have an initial face value of $100. PERLS VI are a hybrid instrument and is a mixture of debt and equity. ...

Wealthtrac revises structure for independent market

MELANIE TIMBRELL  |  FRIDAY, 31 AUG 2012
Independent platform provider Wealthtrac has updated their pricing for advisers to address the fee-for-service environment, including lowering the administration fee cap. Wealthtrac managing director and chief executive Matthew Johnson said the move ...

AustralianSuper hires veteran economist Tierney

MARK STORY  |  WEDNESDAY, 29 AUG 2012
AustralianSuper has appointed Mark Tierney as an investment manager within its Macro and Portfolio Construction Team. Tierney's responsibilities include translating macro views into impacts on all assets classes to inform decisions relating to allocation ...

Delay FoFA reforms another year: Lawyer

MARK STORY  |  MONDAY, 27 AUG 2012

Premium Wealth creates accountant licensing program

LINDA HAUSKEN  |  THURSDAY, 23 AUG 2012
Premium Wealth is in process of finalising an accountant licensing program that it claims will increase the uptake of advice and advance the professional status of financial planning. The new program will offer accountants the three tiers of licensing ...

Write-down clouds Bendigo's 43% profit tumble

BEN COLLINS  |  MONDAY, 20 AUG 2012
... subordinate notes, and a recent offloading of a 7.8% stake in wealth manager IOOF contributed an additional 42 basis points of core tier-one capital post the June 30 balance date. "These non-dilutive capital management initiatives illustrate our commitment ...

Further dark pool regulation premature: Fidessa

MELANIE TIMBRELL  |  MONDAY, 13 AUG 2012
... said dark pools are too young in Australia to adequately determine whether more regulation is needed and that a healthy mid tier of operators was required to avoid concentration problems, which may result from too much regulation of the type seen elsewhere ...

ACCI calls for right to sue foreign govs

MELANIE TIMBRELL  |  THURSDAY, 9 AUG 2012
... campaign launched with a letter in July to the Prime Minister in which 16 parties including state chambers of commerce, a top tier legal firm, barristers, academics and the Chartered Institute of Arbitrators, expressed concern at the stance of the government ...

Bendigo offloads IOOF stake

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
... at $6.16 a share and is expected to improve its statutory earnings by around $40 million. The sale will also increase Core Tier One capital by approximately 13 basis points, the statement said. Mike Hirst managing director of Bendigo and Adelaide Bank ...

FSC launches life commission claw-back

BEN COLLINS  |  FRIDAY, 3 AUG 2012
A new initiative has been unveiled that will see financial advisers repay their entire commissions on life insurance if a policy lapses in the first year. The Financial Services Council (FSC) will spearhead the claw-back system, which could see advisers ...