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Showing 3901 - 3910 of 4785 results for "July 8"

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 ...

State Street settles suit for $340m

SEC RELEASE  |  MONDAY, 8 FEB 2010
State Street has agreed to pay more than $340 million in settlement to the SEC's charges on misleading investors about their exposure to sub-prime investments. According to the SEC, State Street also selectively disclosed more complete information to ...

More funds adopt intra-fund advice

RUTH LIEW  |  FRIDAY, 5 FEB 2010
Super funds are racing to get the government's rubberstamp on intra-fund advice relief - with AvSuper, Plum and HESTA among those that already offer, or about to offer, the expanded advice service to their members. AvSuper received the authorisation ...

RARE eyes Indian and Mexican assets

RUTH LIEW  |  THURSDAY, 4 FEB 2010
RARE Infrastructure, which doubled its FUM from $834 million to $1.53 billion in 12 months, is buying up more assets in India and Mexico within its emerging markets portfolio. Sarah Shaw, senior investment analyst and portfolio manager - emerging markets ...

Future Fund slashes cash for alternatives

RUTH LIEW  |  MONDAY, 1 FEB 2010
The $66 billion Future Fund has halved its 30 per cent allocation to cash in three months - with alternative assets getting the biggest boost in allocation following the move. The Future Fund's allocation to cash in September stood at 31.6 per cent ...

Bird to step down as CEO

COMPANY RELEASE  |  MONDAY, 1 FEB 2010
Andrew Bird, chief executive at Morningstar Australasia, is stepping down from the role at the end of March. Bird will serve in an advisory role after he leaves this position. "Now that Aspect Huntley and Morningstar have been fully-integrated, I'm ...

Citigroup Wealth Advisers broker banned

ASIC RELEASE  |  MONDAY, 25 JAN 2010
ASIC has banned Melbourne broker Mark McKenzie, previously employed by Citigroup Wealth Advisers, from providing financial services for three years. ASIC found that between 26 July and 8 August 2006, he possessed inside information regarding a possible ...

PIMCO senior exec to head Janus

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
Janus Capital Group has appointed the former chief operating officer at PIMCO, Richard Weil, as chief executive effective next month. The group's chair Steve Scheid said the board chose Weil because of his work at PIMCO, including setting up the German ...

ASIC bans planner pushing dodgy docos

ASIC RELEASE  |  THURSDAY, 14 JAN 2010
A financial adviser who gave his clients false disclosure documents was slapped with a five-year ban from providing financial services. ASIC has banned Joshua David Fuoco of Prahran, Victoria from providing financial services after the regulator's investigation ...

Star ratings face predictability test

MICHELLE BALTAZAR  |  THURSDAY, 14 JAN 2010
Research group Morningstar has rebutted a US study that suggested its ratings system failed or virtually lost all of its predicted ability when measured over a full market cycle. In early December, Advisor Perspectives, a US-based investment trends ...