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Showing 6361 - 6370 of 10709 results for "May 1997"

Sovereign Wealth Funds surge to $5 trillion

MARK SMITH  |  FRIDAY, 11 OCT 2013
Sovereign Wealth Funds across the globe have added $750 billion to their total assets under management over the last year to reach $5.38 trillion, according to new research from Preqin. The growth, which was attributed to the launch of a number of new ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
Insurers planning to offer deferred lifetime annuities (DLAs) will need to demonstrate that they have rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at ...

Asset manager growth ambitions slowed by regulation

MARK SMITH  |  THURSDAY, 10 OCT 2013
Australian asset managers say their growth ambitions are being hindered by regulatory constraints and the burden of updating systems and process, according to a survey of 200 Asia Pacific managers commissioned by State Street. In a bid to improve transparency ...

Market Wrap

AAP  |  WEDNESDAY, 9 OCT 2013
The Australian stock market has opened lower for the fourth straight session as concerns about political gridlock in the US hit investor sentiment across the globe. A standoff between Republicans and Democrats in Congress has already caused the partial ...

Midwinter adapts planner software to client profile

LAURA MILLAN  |  WEDNESDAY, 9 OCT 2013
Midwinter has updated its AdviceOS software to enable clients to access a customised portal with different content, calculators, themes and graphics. The software provider presented the updates to its cloud-based software at a roadshow in Sydney. AdviceOS ...

Bears out a-haunting

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2013
Shutdown: Day 8 and counting and... 9 days to go before the US debt hit the ceiling. Yes Virginia, those adult politicos in Washington are still at it...playing their game of chickens. Both sides are waiting for the other to blink. You know what happens ...

75,000 SMSFs non-compliant: ATO

LAURA MILLAN  |  TUESDAY, 8 OCT 2013
The Australian Taxation Office has admitted that as many as 75,000 SMSFs totaling assets up to $50 billion could be breaking the rules, leading some in the industry to suggest that the sector should be subject to tighter regulation. Last month Australian ...

Market Wrap AM

AAP  |  TUESDAY, 8 OCT 2013
The Australian market looks set to open lower following falls on Wall Street overnight as the US budget stalemate entered its second week with the government partially shut down. At 0815 AEDT on Tuesday, the December share price index futures contract ...

ISA asks for scaled, affordable advice

LAURA MILLAN  |  FRIDAY, 4 OCT 2013
Industry Super Australia (ISA) has asked the Government to encourage scaled advice within the industry superannuation funds. In a document outlining the organisation's policy priorities for the period from 2013 to 2016, ISA stated that "financial advice ...

ASIC rescues lower risk products from 'hedge fund' label

MARK SMITH  |  FRIDAY, 4 OCT 2013
The Australian Securities and Investments Commission (ASIC) has tweaked its definition of a hedge fund, to reduce the number of products that fall within stricter disclosure requirements. Product providers had expressed concern that some low-risk retail ...