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Showing 3871 - 3880 of 6251 results for "December 29"

Second exposure draft on IMR laws released

MELANIE TIMBRELL  |  THURSDAY, 8 MAR 2012
A revised draft of the Investment Manager Regime legislation has been released, following stakeholder feedback on the initial proposals designed to alleviate perceived tax disincentives on foreign managed funds investing in Australia. The Government ...

AMP expands network with Futuro acquisition

MELANIE TIMBRELL  |  THURSDAY, 8 MAR 2012
AMP has taken a 10% minority stake in independent adviser group Futuro Financial Services, with the intention of achieving full ownership within five years. The transaction will take place in three stages with Futuro continuing to operate under its ...

Total super industry assets grow to $1.31 trillion: APRA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
Total assets in the super industry, including SMSFs and balance of life office statutory funds, increased by $15.8 bn to $1.31 trillion in the year ending December 31, 2011. Latest quarterly super performance figures from APRA show an increase of $23.8 ...

Life Insurance investment revenue takes a hit

CLAIRE MCGREAL  |  WEDNESDAY, 7 MAR 2012
Investment revenue in the life insurance sector nose dived last year, with latest APRA figures putting the total at $1.63 bn compared to $11.33 bn the previous year. In its quarterly stats for the industry to the year ending 31 December 2011, the regulator ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 7 MAR 2012
The Australian market looks set to open down more than one per cent following heavy falls on Wall Street overnight with investors nervous of a euro zone recession and Greece's debt-swap deal. At 0645 AEDT on Wednesday, the March share price index futures ...

Market Wrap - Midday

AAP  |  TUESDAY, 6 MAR 2012
Australian stocks were lower at noon as weakness in the materials and metals and minerals sector dragged the broader market into the red. At 1212 AEDT, the benchmark S&P/ASX200 index was down 41.3 points, or 0.95 per cent, at 4,221.7 points, while the ...

CIOs see no let up in European debt crisis

CLAIRE MCGREAL  |  TUESDAY, 6 MAR 2012
Europe's debt crisis remains a cause for concern for Australian institutional investors, with the ongoing saga cited as the biggest risk to returns over the next 12 months. The survey of chief investment officers represented by the Financial Services ...

AQR wins ipac mandate

MELANIE TIMBRELL  |  MONDAY, 5 MAR 2012
AQR Capital Management has won a mandate from ipac Asset Management for placement in the Global Risk Premium Trust. The mandate, for an undisclosed sum, takes the pool for the Australian domiciled registered trust to more than AUD500 million from a ...

Market Wrap

AAP  |  MONDAY, 5 MAR 2012
Australian stocks opened flat on Monday, with weakness among gold and metals companies offset by a firmer start from the info tech sector. At 1027 AEDT, the benchmark S&P/ASX200 index was down 0.6 points, or 0.01 per cent, at 4,272.5 points, while the ...

Market Wrap - Morning

AAP  |  MONDAY, 5 MAR 2012
The Australian market looks set to open lower, following the downward trend of Wall Street and the European markets. At 0800 AEDT on Monday, the March share price index futures contract was down 16 points at 4,262. In economic news on Monday, the Australian ...