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Showing 391 - 400 of 1700 results for Michael Hobbs

RSL calls for super revamp

MICHAEL HOBBS  |  WEDNESDAY, 26 AUG 2009
The Returned Services League (RSL) is calling for the government to address how it calculates military pensions after an alternative pension index rose by almost double the consumer price index in the first half of this year. Bill Crews, national president ...

Firm hails the next emerging market

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
... could be the answer, with one asset manager's flagship fund returning more than 20 per cent annualised since inception. Michael Hanson-Lawson, chief executive at East Capital Asia, said while a long-term story, Eastern European countries are presenting ...

Suncorp FUM down, life risk profits up

MICHAEL HOBBS  |  TUESDAY, 25 AUG 2009
Suncorp's funds under management fell almost $800 million to $23 billion but the firm was buoyed by life risk profits which rose 13 per cent to $87 million. The firm's full year profit results found the funds management division was hit by bad markets ...

Challenger returns to core

MICHAEL HOBBS  |  MONDAY, 24 AUG 2009
Challenger Financial Services has posted full year net profit after tax (NPAT) of $219 million, up 1 per cent versus last year on funds under management (FUM) down 27 per cent to $16 billion. The group said at the results presentation this morning that ...

St.George merger on track: Kelly

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
The latest report from Westpac Group said the merger with St.George Bank is on track and exceeding forecasted revenue and cost targets. At the Westpac Group third quarter update today it noted the merger with St.George is progressing smoothly and on ...

Bassanese opens ETF consultancy

MICHAEL HOBBS  |  FRIDAY, 21 AUG 2009
Economist and AFR columnist David Bassanese is banking on the popularity of exchange traded funds (ETFs) when he set up his new ETF research and consulting business for financial planners and self managed super fund (SMSF) trustees. Bassanese opened ...

AMP FP to move to fee-for-service by June 2010

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
AMP chief executive, Craig Dunn, said at the bank's half-year results presentation this morning its financial planning business will move to a "no commission" remuneration model by June next year. Dunn said Craig Meller, managing director at AMP Financial ...

Investors flock to listed property ETFs

MICHAEL HOBBS  |  THURSDAY, 20 AUG 2009
The number of State Street Global Advisors' (SSgA) listed property exchange traded fund (ETF) units on issue has nearly quadrupled in 18 months. The number SPDR S&P/ASX 200 Listed Property Fund ETF units rose from just over five million to a touch under ...

Market Wrap - Midday

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
The Australian sharemarket was higher at noon, led by the resources and energy sectors. At 1200 AEST, the benchmark S&P/ASX200 was up 31.5 points, or 0.72 per cent, at 4413.1, while the broader All Ordinaries had gained 37.1 points, or 0.85 per cent ...

Van Eyk resigns as executive chair

MICHAEL HOBBS  |  WEDNESDAY, 19 AUG 2009
Stephen van Eyk, founding director of the company named after him, van Eyk Research, has resigned as executive chair. A statement from the firm said van Eyk resigned for personal reasons. He remains a significant shareholder in the company and will ...