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Showing 3891 - 3900 of 4784 results for "July 8"

AustralianSuper revamps retirement investment path

MICHAEL HOBBS  |  MONDAY, 8 MAR 2010
AustralianSuper is introducing a new age-based default for pension members and implementing a different path for those moving from accumulation to pension phase. The super fund conducted a review of the risk and benefits of its balanced option, which ...

J.P. Morgan hires 50 for custody business

MICHAEL HOBBS  |  TUESDAY, 2 MAR 2010
J.P. Morgan's custody business has hired 50 executives across taxation, business analytics and client servicing in the past four months to cope with client demand. Bryan Gray, managing director of sales & client relationship management at J.P. Morgan ...

452 Capital retains 'three stars' rating

PRESS RELEASE  |  MONDAY, 1 MAR 2010
Standard & Poor's has backed the 452 Capital investment team to deliver solid returns despite the fund manager's co-founder and lead portfolio manager, Peter Morgan, being forced to take extended leave for medical reasons. The ratings firm placed two ...

Nephila wins $166m in mandates

RUTH LIEW  |  WEDNESDAY, 24 FEB 2010
AMP and MLC are among five Australian institutional investors that have poured a combined $166 million into Nephila Capital last year. Nephila specialises in catastrophe reinsurance. A press statement noted that a large industry fund and corporate super ...

Austock appoints former Merrill chief

MICHAEL HOBBS  |  TUESDAY, 23 FEB 2010
Austock Group has appointed former chief executive at Bank of America - Merrill Lynch Australia, Paul Masi, as chief executive and managing director of the group. Masi has held a number of investment positions at BZW during the 1990s including head ...

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud. Gordon, of Redheads, New South Wales, will be released after serving eleven months but will have to enter into a recognizance ...

Wheels rolling away from commission

RUTH LIEW  |  TUESDAY, 16 FEB 2010
AMP continues on its path away from a commission-based fee model, testing the waters by removing the in-built commissions within the AMP Growth Bond fund. It's a small step for AMP given that the fund is new but, if the strategy works, it could become ...

Fund managers on tax alert

MICHAEL HOBBS  |  FRIDAY, 12 FEB 2010
Fund managers could lose major clients or risk paying hefty fines if they don't comply with new tax rules which come into effect from July this year, according to one technology firm. According to Corrs Chambers Westgarth, Taxation of Financial Arrangements ...

Property developer gets jail sentence

ASIC RELEASE  |  WEDNESDAY, 10 FEB 2010
Former property developer and mortgage broker, Samuel David Saunders, was sentenced two years and three months imprisonment with a non-parole period of 12 months after pleading guilty to seven ASIC charges. Saunders of Orange, New South Wales, was sentenced ...

AMP planners back fee for service APL

MICHAEL HOBBS  |  TUESDAY, 9 FEB 2010
AMP's financial planners have thrown their support behind an approved product list (APL) that does not include any commissions - and fund managers keen to keep their business are fast adjusting to the change. Steve Helmich, director Financial Planning ...