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Showing 3701 - 3710 of 4543 results for "Michael"

FSA changes practices after Northern Rock

MICHAEL HOBBS  |  FRIDAY, 28 MAR 2008
The UK based Financial Services Authority (FSA) has overhauled its staffing and reviewing methods after an internal investigation found it failed to properly review Northern Rock's liquidity crisis. In February, Newcastle-based Northern Rock sought ...

ASIC investigates Opes Prime

MICHAEL HOBBS  |  FRIDAY, 28 MAR 2008
Opes Prime Stockbroking is under investigation by the Australian Securities and Investments Commission (ASIC) after the firm found a number of cash and stock movement irregularities in a small number of accounts. ASIC has created a team, which will ...

True Index contains residual risk

MICHAEL HOBBS  |  FRIDAY, 28 MAR 2008
Financial advisers and investors must realise True Index funds are not immune to extreme market events, according to Scott Donald, Russell Investment Group director of fiduciary research. True Index funds aim to replicate an index by investing in an ...

Don't strangle sovereign funds: OECD

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
The Organisation for Economic Co-operation and Development (OECD) has warned countries against enforcing greater foreign investment restrictions because it could negatively affect domestic economic growth. To address national security issues such as ...

CARE joins Carbon Disclosure Project

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
CARE Super lobbies for better climate change policies after being the latest signatory to the Carbon Disclosure Project. Carbon Disclosure Project is a global not-for-profit group of 385 institutional investors that actively obtain information on company's ...

Clare joins Westpac

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
Westpac has appointed former St George Bank executive, Peter Clare to group executive of consumer financial services. Clare's appointment follows the resignation of Mike Pratt in December last year. Clare previously worked at St George for six years ...

Magellan Global mirrors Berkshire strategy

MICHAEL HOBBS  |  THURSDAY, 27 MAR 2008
Research firm Lonsec has rated Magellan Financial Group's (MFG) Global Fund 'recommended' and noted it adopts a similar investment style synonymous to that of the sage of Omaha. Launched in July last year, the Magellan Global Fund equities portfolio ...

No to double SG demerits

MICHAEL HOBBS  |  WEDNESDAY, 26 MAR 2008
New tax measures to employer superannuation guarantee (SG) penalties could mean employees receive their super payments faster while their employers will avoid making twice the SG on late payments. The Federal Government is proposing to change the Superannuation ...

Escalator take up reach 50pc

MICHAEL HOBBS  |  WEDNESDAY, 26 MAR 2008
Only a year after Plum Financial Service introduced an 'opt out' super contributions scheme, half of their 82-strong clients are considering to adopt the policy. The Escalator Program was developed to encourage employees to contribute more to their ...

Perpetual raises death benefits

MICHAEL HOBBS  |  WEDNESDAY, 26 MAR 2008
Perpetual has upgraded its WealthFocus platform enabling advisers to automate the processing of a type of death benefit called 'anti-detriment payments', with the end result of a bigger lump sum payment for the benefit recipient. An anti-detriment payment ...