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Showing 5171 - 5180 of 10749 results for "May 19"

ASIC cancels AFSL of liquidated firm

KERRIE SYDEE  |  WEDNESDAY, 29 JUN 2016
ASIC has cancelled the Australian financial services licence (AFSL) of a Queensland based financial services firm. The cancellation was made at Avamode Financial's request, after the company was placed into liquidation on 4 May 2016. The AFSL cancellation ...

UniSuper creates member comparison tool

DARREN SNYDER  |  WEDNESDAY, 29 JUN 2016
UniSuper is further tapping in to the superannuation industry's increasing demand for financial advice and retirement planning by launching an online member comparison tool. Going live at UniSuper this week, the Compare me tool allows fund members to ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 29 JUN 2016
US GDP The Bureau of Economic Analysis' (BEA) third estimate of the US economy showed that real GDP grew at an annualised rate of 1.1% in the first quarter of this year. This is higher than market expectations for a 1.0% growth and an upgrade from the ...

Keybridge exits funds management business

ALEX BURKE  |  TUESDAY, 28 JUN 2016
Keybridge Capital has entered into a binding agreement to sell its funds management business. Seventh Orion, a company registered with ASIC on June 22, will purchase Aurora Funds Management for $1.8 million. Keybridge bought the firm for $4.3 million ...

Military to get defined contribution super scheme

MARK SMITH  |  TUESDAY, 28 JUN 2016
People joining the military will have a new defined contribution superannuation scheme from 1 July. From that date ADF Super will be the default fund for anyone joining the permanent Australian Defence Force. The fully-funded accumulation plan has an ...

CalPERS increasing emerging manager exposure

DARREN SNYDER  |  TUESDAY, 28 JUN 2016
One of the world's largest pension funds is aiming to have US$11 billion ($15 billion) dedicated to emerging and transition investment managers by 2020. The California Public Employees' Retirement System (CalPERS) told the Global Entrepreneurship Summit ...

Eurozone splintering is biggest risk in Brexit fallout

ALEX BURKE  |  MONDAY, 27 JUN 2016
Further exits from the European Union pose the biggest risk to global markets after the Brexit referendum, according to industry commentators. Following UK voters' decision to leave the European Union on July 24, political figures from Greece, Spain ...

Funeral bonds on the minds of advisers

DARREN SNYDER  |  MONDAY, 27 JUN 2016
Funeral bond provider Australian Friendly Society believes a combination of factors is driving an increased demand in the product's annual take up. Australian Friendly Society chief executive Mandy Cooper said over the past two years new business has ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 24 JUN 2016
US flash manufacturing PMI The Markit flash US Manufacturing PMI shows factory activity improved to its highest in three months. The PMI rose to a preliminary reading of 51.4 in June from 50.7 in the previous month - better than expectations for a slight ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 23 JUN 2016
... The index tracks future economic activity three to nine months in advanced. The index increased by 0.20 points to 97.0 in May - the highest reading since October 2015 - from 96.80 in April. The six-month annualised growth rate in the improved to -0.42% ...