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Showing 4651 - 4660 of 6515 results for "Jul"

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

Market Wrap - Midday

AAP  |  TUESDAY, 6 DEC 2011
Australian shares are lower, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis. The local market extended its opening losses amid light ...

Managed accounts get FOFA boost

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
Managed Discretionary Accounts are reaping some benefits from the introduction of FOFA as advisers turn to new investment vehicles, recording $150 million of inflows during the five months to November 30 for IAS. Investment Administration Services (IAS) ...

Artio brings high yield to Aust instos

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
New York-based investment management firm, Artio Global Investors, is meeting with super funds this week to introduce its new high yield bond investment strategy as a smart alternative to equities. Since opening its first Australian office in Sydney ...

Market Wrap

AAP  |  MONDAY, 5 DEC 2011
Australian shares gained 0.5 per cent after Italy announced $26 billion in tax hikes and spending cuts as it strives to avoid an economic meltdown. At 1200 AEDT on Monday, the benchmark S&P/ASX200 index was up 25.5 points, or 0.59 per cent, at 4,313.5 ...

PJC: Government needs to re-think payday reforms

RACHEL DAVIS  |  MONDAY, 5 DEC 2011
The Government's proposed reforms aimed at tightening controls over payday lenders need to be reassessed, the Joint Committee on Corporations and Financial Services has found. On 22 September 2011, the House of Representatives referred the Consumer ...

PM: Labor taking reform road on super

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
Prime Minister Julia Gillard told attendees at the Labour Union Co-operative Retirement Fund (LUCRF) community partnership trust launch in Sydney on Friday that the rise in the SG and abolition of the age cap would change peoples' futures. Pointing ...

BlackRock launches sovereign risk management fund

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
BlackRock Investment Management has launched a new sovereign risk management fund for Australian institutions. BlackRock said its Global Screened Government Bond is supported by the firm's Sovereign Risk Index, and is a proprietary index ranking the ...

Melbourne director gets jail sentence

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
A former Melbourne company director has been sentenced to a total of three years and two months behind bars on charges which include insolvent trading and theft. Anula Kumari Kaye, 59, of Toorak, former director of International Consulting Group (ICG) ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...