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Showing 5821 - 5830 of 8593 results for "SIM"

Westpac calm in face of storm

MARK SMITH  |  TUESDAY, 6 NOV 2012
Westpac's batten-down-the-hatches approach balance sheet management means it's better suited than its rivals to weather future financial storms. The bank is just emerging from a period of consolidation. Jobs have been cut and efficiencies made but the ...

NSW councils entitled to compo: Fed court

BEN COLLINS  |  TUESDAY, 6 NOV 2012
A federal court judge ruled yesterday that 13 NSW councils were entitled to compensation from ratings agency Standard & Poor's, investment bank ABN Amro and Local Government Financial Services (LGFS). The councils lost $16 million, or 93% of their capital ...

Tas public sector fund awards TD mandate

BEN COLLINS  |  THURSDAY, 1 NOV 2012
Tasmania's public sector superannuation fund has awarded a term deposit mandate to fixed income specialist FIIG Securities. FIIG was approached by the Tasmanian Retirement Benefits Fund (RBF) for its network of more than 60 authorised deposit taking ...

AustralianSuper to invest $5bn in property

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
AustralianSuper has outlined plans to invest $5 billion in real estate over the next five years which is expected to take its $4 billion property portfolio to approximately $9 billion by 2016. The super fund advised that its decision to invest in real ...

ASIC seeks adviser feedback on FOFA code of conduct

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
Following on from ASIC's recent release on the approval of the Future of Financial Advice code of conduct consultation paper, the regulator is calling on further adviser feedback after flagging concerns around three key issues. Australia's corporate ...

Advisers failing to engage disillusioned consumers

MARK SMITH  |  THURSDAY, 1 NOV 2012
The advisory community is falling short of its need to engage the hordes of consumers disillusioned by subdued sentiment and negative press, a panel of industry experts has said. Speaking at the annual AFA National Conference on the Gold Coast last ...

Investor confidence hits 14 year low

BEN COLLINS  |  WEDNESDAY, 31 OCT 2012
State Street's global Investor Confidence Index (ICI) has posted its biggest drop in 14 years. Global investor confidence on the index fell from a revised reading in September of 87.3, to 80.6. The plummet in global confidence stemmed from a steep drop ...

Strong growth from Australian fund managers

BEN COLLINS  |  WEDNESDAY, 31 OCT 2012
Australian fund managers have once again grown strongly, according to research from Towers Watson. There are now 23 Australian managers in the Pensions & Investments/Towers Watson World 500, five more than last year. These managers have an aggregate ...

RMB to be used in a third of china deals by 2015

BEN COLLINS  |  FRIDAY, 26 OCT 2012
Most China corporations expect one in three of all Chinese trades to be done in Renminbi by 2015, said a survey by HSBC. HSBC also found that 30% (of China businesses) plan to use RMB for investment-related purposes in the next 12 months. Half of all ...

ANZ to chase more China assets

MARK SMITH  |  FRIDAY, 26 OCT 2012
ANZ chief executive Mike Smith was upbeat about the bank's record $6 billion profit at yesterday's annual result announcement and said the company would target further growth in Asia with acquisitions likely to follow. Smith described the 6% rise in ...