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Showing 4901 - 4910 of 6884 results for "Act2"

Industry questions RE concept after Trio collapse

MELANIE TIMBRELL  |  WEDNESDAY, 23 MAY 2012
An in-house responsible entity has been singled out as a common theme between Trio and other collective investment collapses since 2007, although industry insiders have labelled the comment a rehash of an old debate. "While the report shared around ...

Grexit sends investors running for bonds

BEN COLLINS  |  WEDNESDAY, 23 MAY 2012
Australian bond futures prices are higher after the former Greek prime minister's comments that the nation could exit the eurozone prompted traders to move to safe-haven investments. In his first interview since leaving office, former Greek prime minister ...

Market Wrap

AAP  |  WEDNESDAY, 23 MAY 2012
The Australian market looks set to open lower following Dow Jones and Nasdaq falls overnight despite a positive lead from European bourses which rallied on the hope that EU leaders will firm up action on tackling the eurozone debt crisis. At 0800 AEST ...

AFS board votes no confidence in Daly

BEN COLLINS  |  TUESDAY, 22 MAY 2012
Australian Financial Services chief executive and managing director, Peter Daly, has left the dealer group which has appointed group director Phil Burke as acting chief executive. Daley said he was suddenly forced out despite a satisfactory track record ...

Facebook IPO price raises queries on value

MELANIE TIMBRELL  |  FRIDAY, 18 MAY 2012
Facebook's IPO, priced at $38 per share will raise $16bn in the largest tech IPO in history, yet some local fund managers are questioning the $104bn valuation the price will give the social network. "The $38 share price highlights the fact it seems ...

Plan For Life predicts retail managed fund growth

LINDA HAUSKEN  |  FRIDAY, 18 MAY 2012
Plan For Life's recent forecast of the Australian managed funds market sees retail funds growing $425.9bn by the end of 2021. Retail funds, which had $511.1bn in funds under management at 31 December 2011, are tipped to grow to $937bn by 2021, including ...

FOFA misses the mark on investment fraud

RACHEL DAVIS  |  FRIDAY, 18 MAY 2012
A finance industry lawyer has warned that the FOFA regulations will not prevent Trio, Storm and Westpoint-type disasters from occuring in the future. "There has been no real change to rules making early detection and pre-emptive enforcement easier against ...

Research: Australian private banks fall behind

MELANIE TIMBRELL  |  THURSDAY, 17 MAY 2012
Australian private banks have fallen behind the UK in satisfaction levels, according to research from CoreData. A quarterly survey of 1,722 Australians with more than $1 million excluding residence and superannuation found that only 33.1% currently ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
The Parliamentary Joint Committee on Corporations and Financial Services has expressed strong concern over lack of follow-up from regulators and criminal authorities in the wake of the Trio Capital collapse. In the report on the largest superannuation ...

Retail funds in ACTU's sights

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
Superannuation funds would be forced to reveal related party fee details if a union push on disclosure succeeds, in a move likely to hit bank-aligned retail funds. The policy on retirement income and superannuation, due to be signed off at the ACTU ...