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Showing 3371 - 3380 of 4761 results for "July 2011"

Perpetual to slash 40% of workforce

BEN COLLINS  |  MONDAY, 25 JUN 2012
Fund manager Perpetual has forecast a full year profit slide and announced pay cuts for its board as it begins a major restructure that will see it shed 40% of its workforce. Perpetual chief executive Geoff Lloyd said that after an "honest look" at ...

CommInsure adds to restructured advice team

MELANIE TIMBRELL  |  FRIDAY, 22 JUN 2012
CommInsure has added to its newly restructured retail advice distribution team with the appointment of Ben Bancroft as national accounts manager. Tony Smith, former head of national accounts departed CommInsure for ClearView Wealth in February, prompting ...

Fundamentally challenged

BENJAMIN ONG  |  FRIDAY, 22 JUN 2012
A day late and a penny short. Had the stumble in equity and commodity markets and the grim indicators released overnight happened while the Federal Open Market Committee was still in session, Big Ben would have announced something beyond extending the ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
Industry bodies have broadly welcomed yesterday's passage of the FOFA legislation through the Senate, with the focus on codes of conduct effectively setting up the industry for self-regulation amid the push towards professionalism and better consumer ...

Foreign MIS tax legislation delayed

BEN COLLINS  |  THURSDAY, 21 JUN 2012
Federal government plans to raise the tax rate on managed investment schemes have been delayed after the proposal was pulled from a bill before parliament yesterday. The measure proposed to double the rate from 7.5% to 15%, forcing assistant treasurer ...

Fed twists again like it did last summer

BENJAMIN ONG  |  THURSDAY, 21 JUN 2012
Is this all we get? No, QE? Just an extension of what we've seen over the past year? Not happy Ben. Wall Street's disappointment became evident as soon as the US Federal Reserve's decision hit the screens shortly after midday NY time -- the Dow dropped ...

MLC appoints head of practice management

LINDA HAUSKEN  |  TUESDAY, 19 JUN 2012
MLC Advice Solutions and Godfrey Pembroke have appointed Jasia Fabig to the newly created role of head of practice management. Fabig's new role will start mid July and see her lead and develop MLC's practice management offering. Fabig has 17 years experience ...

ASIC winds up unregistered managed investment scheme

BEN COLLINS  |  FRIDAY, 15 JUN 2012
The Australian Securities & Investments Commission has obtained orders in the Supreme Court of New South Wales to wind up an unregistered managed investment scheme operated by Secured Bond Ltd. In proceedings on 28 May 2012, the Supreme Court also made ...

Schroders restores Aus equities team

MELANIE TIMBRELL  |  THURSDAY, 14 JUN 2012
Schroders has appointed two analysts to the Australian equities team, taking the team back to 13 following departures in March. The new appointments, David Heard and Ray David, were made in response to Kent Jensen and Alex Mears leaving the firm in ...

Telstra Super launches income option

MELANIE TIMBRELL  |  WEDNESDAY, 13 JUN 2012
Telstra Super has added an income option to its diversified investment stable in response to member demand for more retirement solutions. The 'Diversified Income' option focuses primarily on an income stream, while still achieving some growth on initial ...