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Showing 3291 - 3300 of 4777 results for "July 8"

Judgment reserved for accused Ponzi head

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
The New South Wales Supreme Court has reserved its judgment in the long-running case against New Zealand businessman David Hobbs, who stands accused of heading a US$42 million Ponzi scheme. ASIC first took action against the unlicensed operators of ...

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned. All new SMSF investments in art and collectables made on or ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe. The Labor scheme, announced in ...

Concentrated portfolios can benefit HNW

BEN COLLINS  |  THURSDAY, 13 SEP 2012
Private investors who are not concerned with a deviation from global indices can benefit from a concentrated equities portfolio, said Private Portfolio Managers (PPM). "Many high net worth (HNW) and family offices find it difficult to access international ...

Marathon assets under review

BEN COLLINS  |  THURSDAY, 13 SEP 2012
At least $1.13 billion of superannuation assets are under review ahead of the imminent retirement of Jeremy Hosking, one of the three founders of Marathon Asset Management, in December. The UK-based fund manager, which has secured global equity portfolio ...

Market Wrap - Morning

AAP  |  THURSDAY, 13 SEP 2012
SYDNEY - The Australian market looks set to open slightly lower despite a positive finish on Wall Street, while investors await the outcome of a key Federal Reserve policy meeting. At 0800 AEST on Thursday, the September share price index futures contract ...

ISN blasts FSC's independence policy

BEN COLLINS  |  WEDNESDAY, 12 SEP 2012
The Financial Services Council's definition of independence is "novel," said David Whiteley, chief executive, Industry Super Network (ISN). Policy released last month by the representative body provided mandatory guidelines that said a majority of directors ...

Time to stop the rot

BENJAMIN ONG  |  TUESDAY, 11 SEP 2012
... deleveraging. This, along with weak employment growth and falling household confidence - down to 60.6 in August from 65.4 in July - doesn't bode well for future consumer spending. But it isn't only America's domestics that the Fed should be worried about. ...

Wilson HTM awarded damages

BEN COLLINS  |  MONDAY, 10 SEP 2012
Wilson HTM has been awarded $174, 416 in damages, after chief justice Patricia Bergin said this morning in the NSW Supreme Court, that commission and revenue statements tendered to rival broker Ord Minnett by Wilson's former Sydney desk boss Joseph ...

Fund returns recover to 3.1%

ALEX DUNNIN  |  MONDAY, 10 SEP 2012
The SelectingSuper workplace default option index surged in July, with the rise sufficient to push rolling 12 month returns up to 3.1% - their highest level in 11 months. The strong bounce-back was triggered by the 4.2% July monthly return from the ...