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Showing 4511 - 4520 of 7101 results for "June 11"

Retail advice industry needs new models

MELANIE TIMBRELL  |  WEDNESDAY, 1 FEB 2012
Super funds providing simple advice at a lower cost for clients is leaving advisers playing catch-up, according to an advice technology expert. FOFA will leave advisers needing to profitably service C&D clients in a fee-for-service environment if they ...

GESB appoints new CEO ahead of reform

MELANIE TIMBRELL  |  TUESDAY, 31 JAN 2012
Former CEO of Westscheme Super Howard Rosario has been appointed chief executive officer of GESB. Rosario's appointment comes at a pivotal time for the $12 billion public sector employee fund with state superannuation reform due this year. Currently ...

Life insurance up 11.5% to $10.2bn

ELISE BURGESS  |  FRIDAY, 20 JAN 2012
Life insurance risk markets experienced a good year of growth last year, climbing 11.5% from $9.1 billion to $10.2 billion with AIA Australia taking the lion's share, according to Plan For Life data. Plan For Life recorded 11.5% growth for the 12 months ...

Aus can deal with another GFC: Shorten

CLAIRE MCGREAL  |  THURSDAY, 19 JAN 2012
Assistant Treasurer Bill Shorten says Australia is not in the same boat as Europe and is better placed to deal with another worldwide recession. The World Bank yesterday declared the global economy had entered a "dangerous period", warning it could ...

MLC cuts PDS down on flagship products

ELISE BURGESS  |  WEDNESDAY, 18 JAN 2012
In accordance with the Government's June 22 deadline, MLC has cut the PDS for two of its flagship products to the required eight-page short-form after already releasing a short-form PDS for its MLC MasterKey Business Super in November last year. The ...

MySuper regulations fundamentally flawed

MELANIE TIMBRELL  |  TUESDAY, 17 JAN 2012
Industry concerns have arisen over pricing structures and fee levels under the proposed My Super legislation, with calls for the government to allow differential pricing. "Lifecycle strategies that shift a higher weight to fixed income as a member nears ...

Bendigo and Adelaide Bank buys Bank of Cyprus Australia

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Bendigo and Adelaide Bank has acquired 100% of the Bank of Cyprus Australia for $130 million with a $120 million share placement to selected institutional investors also underway. Bendigo and Adelaide Bank (BEN) reached agreement with the Bank of Cyprus ...

UBS: Diversify to prevent fatigue

RACHEL DAVIS  |  FRIDAY, 16 DEC 2011
Markets remain turbulent with persistent worries over Europe but the Union will "make up, not break up", according to George Boubouras from UBS. However, investors should remain diversified across all asset classes to protect from "fatigue". George ...

In superannuation, bigger can be better but not always

RACHEL DAVIS  |  THURSDAY, 15 DEC 2011
With Australia's biggest super fund, AustralianSuper, announcing yet another merger, this time with the public sector industry fund AGEST, the question is whether super funds are merging for the benefit of their members or to build financial empires. ...

Sevior will not return: Perpetual

ELISE BURGESS  |  WEDNESDAY, 14 DEC 2011
Perpetual Investments has officially announced that its former star manager, John Sevior, will not return to his role as head of equities but will explore new career ventures for himself. Confirmed today by Cathy Doyle, Perpetual's group executive equities ...