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Showing 5911 - 5919 of 5919 results for "March 2011"

ASIC appoints McLaughlins to manage $37 million property schemes

John Fernando McLaughlins Financial Services (McLaughlins) has been appointed by the Federal Court in Melbourne as the temporary responsible entity for 15 managed investment schemes worth approximately $37 million, following an application by the Australian ...

Financial services urged to obtain their AFS licenses soon

John Fernando The Australian Securities and Investments Commission (ASIC) today reminded all financial service providers that they must obtain their Australian financial services (AFS) licence in time if they are to continue operating beyond March 10 ...

Bearish investors have the edge on professional advisers: survey

Paul Cully Investors would be better off if they listened to their own advice instead of their financial advisers, a joint survey by Adviser Ratings and the Australian Investors Association (AIA) claimed today. The survey, which has been going since ...

Morningstar puts Maple-Brown Abbott on notice

Paul Cully Morningstar today reaffirmed its five star rating for Maple-Brown Abbott's (MBA) Australian equities management, but warned that it would be closely monitoring the manager for any deterioration in performance in the wake of Robert Maple-Brown's ...

APRA suspends Host-Plus superannuation trustee for 120 days

Paul Cully The Australian Prudential Regulation Authority (APRA) today suspended Host-Plus Ltd from acting as a trustee of the Host-Plus superannuation fund for 120 days. "APRA has concluded that the trustee could no longer be relied on to perform its ...

Costello cautions supers against overseas equity investments

John Fernando Federal Treasurer Peter Costello today said that he believed that it was "unwise" for superannuation funds to be investing large sums in overseas stocks, citing dramatic losses in global equity prices over the past few years. Speaking ...

ASIC moves to prevent repetition of Groundhog scheme

John Fernando The Supreme Court of Queensland today ordered Ian Hall and David McEvoy of PricewaterhouseCoopers to liquidate two companies and an unregistered managed investment scheme that took approximately $3.5 million from 161 Australian investors ...

Qantas staff strikes loom as profits soar 56%

John Fernando Qantas Airways today announced an after tax profit $352.5 million for the half-year ended December 31 2002. This represents an increase of $199 million or 56% over the corresponding period for 2001. The group had total revenues of $5.88 ...

Troubled Tower replaces Byer as chairman

Paul Cully Beleaguered trans-Tasman financial services group Tower today announced the replacement of chairman Colin Byer with Melbourne-based Olaf Duill, paving the way for a showdown at the group's annual meeting on March 27 as Byer attempts to gain ...