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Showing 311 - 320 of 562 results for Ben Collins

J.P. Morgan launches risk measure tool

BEN COLLINS  |  THURSDAY, 30 AUG 2012
J.P. Morgan Worldwide Securities Services (WSS) has launched a risk analysis product designed for Australian superannuation funds working to comply with guidance on the disclosure of investment risk, in the new Shorter Product Disclosure Statements. ...

Wilson staff shared information while sign on bonus was discussed

BEN COLLINS  |  WEDNESDAY, 29 AUG 2012
Lawyers representing Wilson HTM in legal action against fellow broker Ord Minnett have said that a former senior Wilson employee provided Ord Minnett with commission statements and contact details of advisers, at the same time he was negotiating a sign ...

SmartBeta solution tackles passive MySuper index approach: AXA IM

BEN COLLINS  |  WEDNESDAY, 29 AUG 2012
AXA Investment Managers (AXA IM) has released a series of corporate bond strategies intended to help super funds address MySuper requirements. 'SmartBeta' credit strategies enable super funds to achieve low-cost global credit exposure without the drawbacks ...

Ord Minnett conspired to take us over: Wilson HTM notifies court

BEN COLLINS  |  TUESDAY, 28 AUG 2012
Ord Minnett planned to take over fellow broker, Wilson HTM, by paying sign on fees to poach its advisers, said Wilson HTM in the NSW Supreme Court yesterday. Five Wilson employees were paid approximately $5.4 million by Ord Minnett, the court heard. ...

APRAs' best intentions misleading: Super industry

BEN COLLINS  |  TUESDAY, 28 AUG 2012
Superannuation members could be scared off growth assets by APRA's communication of investment risk, said three industry organisations. In a letter sent to APRA, the Australian Institute of Superannuation Trustees (AIST), the Actuaries Institute and ...

ANZ CEO sells shares to fund debt, tax

BEN COLLINS  |  MONDAY, 27 AUG 2012
ANZ chief executive officer Michael Smith has sold $10.8 million worth of shares in the bank. In a statement to the Australian Securities Exchange (ASX) on Friday, ANZ said that Smith sold the shares "to fund a forthcoming income tax payment and to ...

FSC super governance policy forces independence

BEN COLLINS  |  MONDAY, 27 AUG 2012
A majority of directors on superannuation trustee boards must be independent, under draft superannuation governance policy released by the Financial Services Council (FSC) this morning. An independent director must also chair the trustee board, and ...

We're not obsolete: Brokers defend their patch

BEN COLLINS  |  MONDAY, 27 AUG 2012
Despite a flurry of recent mergers, courtesy of reduced appetite for equities, regulatory changes and market volatility, the role of Australian stock brokers is far from obsolete. That's the view of Andrew Coppin, managing director of listed broking ...

Super contributions highest since GFC

BEN COLLINS  |  FRIDAY, 24 AUG 2012
Contributions to APRA regulated superannuation funds during the last financial year were at the highest level since the global financial crisis, said the Financial Services Council. The Financial Services Council's Bond Report, released yesterday, shows ...

Deferred tax impacts IOOF profit

BEN COLLINS  |  FRIDAY, 24 AUG 2012
A deferred tax liability had a material impact on wealth manager IOOF, knocking $63 million of its full-year statutory result. Retrospective changes to income tax laws forced IOOF to pay the deferred tax liability, resulting in its $19.4 million profit ...