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Showing 391 - 400 of 594 results for "MCG"

Industry hits out at Best Interest

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
The Financial Services Council has slammed the government's Best Interest Duty proposal as being "unworkable", warning that in its current form, would give rise to "significant unintended consequences". The contentious proposal, which was tabled in ...

Bendigo Wealth acquires AIM Financial Services

RACHEL DAVIS  |  FRIDAY, 25 NOV 2011
Bendigo Wealth has announced the purchase of AIM Financial Services Limited, a boutique Independent Financial Planning business located in Melbourne. Alex Tullio, Bendigo Wealth's Head of Wealth Markets said this acquisition is the first step towards ...

GVI $300m funds transferred to Aubrey

ELISE BURGESS  |  THURSDAY, 24 NOV 2011
Global Value Investors is sub-delegating the strategy's investment management to Aubrey Capital Management, transferring all $300 million assets previously managed by the GVI team to Aubrey. Taking place over the coming weeks, the change was prompted ...

MTAA Super names new chief and board

CLAIRE MCGREAL  |  THURSDAY, 24 NOV 2011
MTAA Super has made a number of new executive and senior board appointments. Leeane Turner, deputy chief at MTAA for four years, has been named the fund's new chief executive officer, after previously heading up AvSuper. Vicki Allen and Susanne Dahn ...

Bennelong awarded 'recommended' rating by Lonsec.

CLAIRE MCGREAL  |  THURSDAY, 24 NOV 2011
The Bennelong Australian Equity Fund has been awarded a 'recommended' rating by Lonsec. Over the two-year period ending September 2011, the Fund outperformed the S&P/ASX 300 Accumulation Index by 2.6% per annum (after fees), "clearly outperforming the ...

Westpac Group restructure, Coombe resigns

CLAIRE MCGREAL  |  THURSDAY, 24 NOV 2011
Westpac has announced a major group structural shake-up, which sees the creation of two new divisions, senior appointments and the resignation of group executive Rob Coombe. The new Australian Financial Services (AFS) division combines Westpac Retail ...

SG rise through House of Representatives

CLAIRE MCGREAL  |  WEDNESDAY, 23 NOV 2011
Leading superannuation bodies have welcomed the passage of the mining tax package through the lower House, which paves the way for the Superannuation Guarantee hike from 9 to 12 %. The 30 % tax on coal and iron ore profits, which successfully made it ...

DST Global Solutions launches HiPortfolio upgrade

CLAIRE MCGREAL  |  WEDNESDAY, 23 NOV 2011
Software and technology provider DST Global Solutions has upgraded its investment accounting and asset servicing solution HiPortfolioA(R) 3v10. DST said the enhanced version is the latest in a regular cycle of functional and technical enrichment, based ...

BetaShares launches Aussie first oil exchange traded fund

CLAIRE MCGREAL  |  TUESDAY, 22 NOV 2011
BetaShares has announced an Australian first with the launch of the first oil exchange traded fund on the country's stock exchange. The exchange traded fund (ETF), which will trade under ASX code "OOO", aims to track the performance of the S&P GSCI ...

AXA IM to expand responsible investment focus

CLAIRE MCGREAL  |  TUESDAY, 22 NOV 2011
AXA Investment Managers is stepping up its focus on responsible investing with plans to expand its five-strong global team and build on research in the sector in the New Year. The asset management firm believes growth in investment funds directed into ...