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Showing 4571 - 4580 of 6884 results for "Act2"

Market Wrap

AAP  |  WEDNESDAY, 29 MAY 2013
The Australian share market is set for a relatively flat start despite Wall Street's rise to a new record high. Strong gains in US home prices and consumer confidence pushed the the Dow Jones Industrial Average to 15,409.39, its highest ever level. ...

Pressure on benchmark affects managers performance: Cuffe

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
The pressure on fund managers to outperform benchmarks in the short term could be preventing them from achieving high returns, UniSuper chairman and founding director of Third Link Investment Managers Chris Cuffe said. "It is hard to get alpha and I ...

Retirees could benefit from a vibrant annuities market

JAMES FERNYHOUGH  |  FRIDAY, 24 MAY 2013
At the Actuaries Summit held in Sydney this week, Professor Anthony Asher of the Actuaries Institute's Retirement Income Working Group stressed the need to develop a "vibrant annuity market", in line with much of the rest of the world. "It's very difficult ...

ASIC takes aim at charitable investment funds

JAMES FERNYHOUGH  |  TUESDAY, 21 MAY 2013
The Australian Securities and Investments Commission (ASIC) has released a consultation paper proposing changes to existing exemptions for charities that raise investment funds. The proposed changes will affect approximately 200 charitable investment ...

Market Wrap AM

AAP  |  MONDAY, 20 MAY 2013
The Australian market looks set to open higher after Wall Street again set new records. At 0630 AEST on Monday, the June share price index futures contract was up 19 points at 5,212. In economic news on Monday, the Commonwealth Bank business sales indicator ...

Enshrinement of "financial planner" closer to becoming law

MARK SMITH  |  THURSDAY, 16 MAY 2013
The terms "financial planner" and "financial adviser" took a step closer to being enshrined in law after a Parliamentary Joint Committee (PJC) was asked to provide a report on the issue. With the Coalition confirming they would not oppose the bill ...

Market Wrap AM

AAP  |  THURSDAY, 16 MAY 2013
Australian bond futures prices are higher as weak economic data from the US and Europe sparks a move into safe-haven assets. During the overnight session, it was reported that the euro zone recession continued into a six quarter in the first three months ...

ASIC drops charges against Westpoint directors

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Proceedings against former Westpoint directors Norman Carey and Graeme Rundle have collapsed after the regulator discovered a surprise document, two weeks into the trial. The Australian Securities and Investment Commission (ASIC) said it had disclosed ...

Budget gets nod of approval from industry bodies

JAMES FERNYHOUGH, MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Superannuation industry bodies have responded positively to last night's federal budget, generally agreeing that there were no major surprises. The Association of Superannuation Funds of Australia (ASFA) chief executive Pauline Vamos praised the government ...

NZ Super offloads mining shares on RE concerns

LAURA MILLAN  |  TUESDAY, 14 MAY 2013
The New Zealand Superannuation Fund (NZ Super) has excluded global mining company Barrick Gold Corporation and its subsidiary African Barrick Gold from its $22 billion investment portfolio on responsible investment grounds. Barrick's mines in Papua ...