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Showing 5581 - 5590 of 10773 results for "May 19"

Australian alternatives assets top $250 billion

MARK SMITH  |  TUESDAY, 14 JUL 2015
Assets managed by the top 25 alternative investment managers in Australia has grown to more than US$250 billion ($338 billion), according to the latest survey by Towers Watson and the Financial Times. Macquarie in particular has benefitted from a shift ...

More calls for Royal Commission

DARREN SNYDER  |  MONDAY, 13 JUL 2015
Australian Senator John Williams has reiterated calls for a Royal Commission in to the financial planning industry. Williams told ABC he was not satisfied by IOOF's response last week when the company's managing director Christopher Kelaher was asked ...

Mercer appoints new custodian

ALEX BURKE  |  MONDAY, 13 JUL 2015
Mercer has appointed Northern Trust Company (NTC) as custodian for its $25 billion in investment and superannuation assets. NTC was selected "following an extensive and competitive tender process," according to Mercer's statement. "NTC was appointed ...

Climate change to impact financial systems

ALEX BURKE  |  MONDAY, 13 JUL 2015
Research by The Climate Institute concludes Australia's financial system may be vulnerable to climate change. The institute argues this is based on several factors, including the country's "carbon-intensive economy, lack of policy clarity and reliance ...

Industry funds embrace board independence

LAURA MILLAN  |  MONDAY, 13 JUL 2015
Top industry funds have embraced the proposal to introduce a third of independent directors to their boards and see it as an opportunity to add skills and improve governance. Despite opposition from Industry Super Australia (ISA), at least three of ...

Regulator clouding wealth management: PractiFI

DARREN SNYDER  |  THURSDAY, 9 JUL 2015
Weaknesses in outsourcing wealth management via cloud technology or shared computing services - as identified by the Australian Prudential Regulation Authority (APRA) - have sparked an impassioned response. On Monday APRA released an information paper ...

TAL to invest $150 million in adviser support

ALEX BURKE  |  THURSDAY, 9 JUL 2015
As part of the insurer's "commitment to advisers," TAL will invest $150 million in adviser support services. Specifically, these include: adviser education programs; online pre-assessment requests for review by TAL underwriters; client insurance data ...

ASIC bans former risk adviser

ALEX BURKE  |  THURSDAY, 9 JUL 2015
ASIC has banned a life insurance adviser from former Macquarie Group subsidiary Risk Advice Specialists. Risk Advice Specialists, which described itself as "100% backed by Macquarie," was a boutique risk-focused dealer group established in 2012. It ...

From Greece's frying pan into China's fire

BENJAMIN ONG  |  THURSDAY, 9 JUL 2015
What Greece has started, China's finishing. To be sure, the tragi-comedy that is Greece is far from over, not with crunch time moments ever so foreverly moved - 23 February was the first "this is it moment" for Athens, that became 24 Feb, that became ...

Chexit, Checcident and Chimbo

BENJAMIN ONG  |  WEDNESDAY, 8 JUL 2015
Chexit, Checcident, Chimbo OlA(C)! OlA(C)! OlA(C)! A$ down... and the RBA didn't even have to lift a finger. Yes Virginia, it didn't happen overnight but it did happen. The A$ broke below US$0.74 (US$0.7398) last night - the first since mid-2009 - despite ...