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| | | Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ... |
| | | | Praemium has completed a $5 million capital raising, to provide for long-term growth plans and the implementation of short term cost efficiencies. Praemium requested a trading halt on Wednesday before successfully completing the $5 million capital raising ... |
| | | | Fortnum Financial Advisers has launched a new unified managed account providing protection for self managed super funds in the pension draw down phase. The e-Clipse unified managed account (UMA), which is supported by global partners P2group and Milliman ... |
| | | | Australian shares were higher at noon, building on gains from early trade, with the materials and financials sectors leading the market. At 1200 AEST, the benchmark S&P/ASX200 index was up 73 points, or 1.8 per cent, at 4,148.5, while the broader All ... |
| | | | CareSuper and Asset Super may merge later this year to create a 285,000 strong membership base with over $6 billion in FUM, with Care CEO Julie Lander to take the reins. The funds are in discussion about a possible merger, prompted by external industry ... |
| | | | The FOFA best interest duty proposals will level the playing field with advisers free to compete with super funds for intrafund advice clients, according to Paul Barrett, general manager advice and distribution, ANZ Wealth. The best interest test, as ... |
| | | | Australian investors will have access to Janus Capital International's Asia equity strategy, now available for institutional investors outside the US, which promises long-term growth of capital from 80% emerging market allocation. The strategy, launched ... |
| | | | Super fund median default rolling 12 month returns have crashed down from a rolling 12 month median return of 8.7% at end June 2011 to 4.9% at end July, according to the latest SelectingSuper fund performance survey. Despite the volatility, long-term ... |
| | | | Tyndall Investment Management has added to its fixed interest team with the appointment of two new credit analysts. Chris Rands has joined Tyndall from Moody's Investors Service where he was an analyst in its structured finance business. Simon Wang ... |
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