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Showing 311 - 320 of 2259 results for Mark Smith

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
ASIC has accepted an enforceable undertaking (EU) from ACE Insurance following an investigation into one of its divisions, Combined Insurance. Under the EU, ACE Insurance is required to appoint an independent expert to review Combined's compliance systems ...

ING DIRECT adds to Living Super investment menu

MARK SMITH  |  THURSDAY, 25 FEB 2016
... superannuation, which asset classes like direct share trading and ETFs offer," ING DIRECT head of third party distribution Mark Woolnough said. "It's one of the reasons that direct investor offerings like Living Super have experienced such rapid growth ...

Former BlackRock managing director joins IOOF

MARK SMITH  |  THURSDAY, 25 FEB 2016
BlackRock's former managing director, head of wholesale advisory and iShares, Mark Oliver, has joined IOOF as general manager - distribution. The appointment follows the creation of a new wealth management division in December 2015 and the subsequent ...

Charter Hall reports $143m profit

MARK SMITH  |  THURSDAY, 25 FEB 2016
Charter Hall Group has reported statutory profit after tax of $143.5 million, up 259.6%, for the six months to 31 December. The number includes $89 million from property valuation gains. The company also saw 17% growth in funds under management to $15.9 ...

Challenger unveils new technical services scholarship

MARK SMITH  |  THURSDAY, 25 FEB 2016
Challenger has revealed details of its new scholarship program to support the company's commitment to continuing education for financial services and advice professionals. The scholarship program offers two comprehensive courses: Aged Care Planning ...

Australian Ethical reports solid profit growth

MARK SMITH  |  THURSDAY, 25 FEB 2016
Australian Ethical Investments has seen its net profit after tax rise 172% to $1.5 million for the half year to 31 December. Half year revenue increased 11% to $10.9 million, up from $9.9 million, while net inflows doubled over the previous corresponding ...

Unconstrained bond funds disappoint in 2015

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Many unconstrained bond funds failed to meet their benchmarks in 2015, according to research by Lonsec, reflecting a broader struggle for returns as volatility and bearish sentiment seized markets in the second half of the year. Unconstrained funds ...

Super not for plugging Budget holes: AIST

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
The focus of superannuation tax reform should be on improving fairness rather than introducing Capital Gains Tax changes that will reduce retirement income for all Australians, The Australian Institute of Superannuation Trustees (AIST) has said. Commenting ...

Dimensional expands with new Melbourne office

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Global asset management firm Dimensional has opened a new office in Melbourne in a bid to grow its investment management business and increase its client services capabilities. The new office is on Collins Street, the heartland of Australian industry ...

Cbus hires infrastructure manager

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Cbus has hired a new infrastructure manager to its investment strategy team from KPMG. Diana Callebaut joined the $32 billion construction industry super fund's investment strategy team in the newly created role of manager, infrastructure on February ...