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Showing 391 - 400 of 597 results for "MCG"

SSgA: Minimise volatilty to protect vulnerable investors

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
State Street Global Advisers is urging super and multi-manager funds to consider minimising volatility strategies in their domestic equity portfolios, as events on the world stage continue to spook equity markets. "While equities are likely to present ...

Vanguard founder joins MLC board

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
Former managing director and Vanguard founder Jeremy Duffield has been appointed as a non-executive director on the MLC board. "Jeremy is an industry veteran after initially starting out as an assistant economist with the Federal Reserve Bank of Richmond ...

ASIC cancels two financial services licences

CLAIRE MCGREAL  |  FRIDAY, 25 NOV 2011
ASIC is continuing its crackdown of the financial services industry with the cancellation of two more licenses. Melbourne-based FP Investment Partners lost its licence for not making sure that the proper arrangements were in place for the management ...

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 ...