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Showing 6381 - 6390 of 10707 results for "May 2012"

ASIC questions SMSF advice in proposed guidance

LAURA MILLAN  |  MONDAY, 16 SEP 2013
The Australian Securities and Investments Commissions (ASIC) has called into question the quality of advice given to self-managed superannuation funds (SMSF) investors in proposed guidance the regulator released today. "There is a need to improve the ...

AustSuper backs away from SYD takeover

JAMES FERNYHOUGH  |  MONDAY, 16 SEP 2013
Sydney Airport has become too expensive for pension funds, with a consortium of international funds led by AustralianSuper reportedly backing away from a takeover bid. Demand for good infrastructure has paid off for Sydney Airport shareholders over ...

AXA fined for poor advice in the UK

LAURA MILLAN  |  MONDAY, 16 SEP 2013
The UK Financial Conduct Authority (FCA) has imposed AXA a financial penalty for giving poor investment advice to NAB-owned banks in the UK. AXA will have to pay a fine of more than A$3 million to customers of NAB-owned Clydesdale Bank and Yorkshire ...

Bracks back on Cbus board

LAURA MILLAN  |  FRIDAY, 13 SEP 2013
Steve Bracks has been reappointed as chair of the Cbus board of directors, effective as of today. Bracks was revoked from his position as consul general in New York by Foreign Minister-elect Julie Bishop this week. Bracks was appointed to the position ...

Club Plus climbs aboard DI bandwagon

JAMES FERNYHOUGH  |  THURSDAY, 12 SEP 2013
Industry fund Club Plus Super is the latest superannuation fund to launch a direct investment option, which may stave off the flow of members with high account balances setting up self-managed super funds (SMSFs). The new Direct Investment Option will ...

EM correction, it's different this time

ALEX DUNNIN  |  WEDNESDAY, 11 SEP 2013
Despite the recent shake out in emerging markets due to the rebounding USD, the stronger ones are positioned fundamentally differently to how they were in 1997 and should absorb this latest correction. US Federal Reserve Chairman Ben Bernanke repeatedly ...

Market Wrap AM

AAP  |  WEDNESDAY, 11 SEP 2013
The Australian market looks set to open higher after Wall Street again made marked gains on strong Chinese economic data and greater confidence the US may not launch a strike on Syria. At 0753 AEST on Wednesday, the September share price index futures ...

Bracks to return to funds management

LAURA MILLAN  |  TUESDAY, 10 SEP 2013
Former Cbus chair Steve Bracks will be looking for opportunities in the Australian funds management sector after Foreign Minister-elect Julie Bishop revoked his position as consul general in New York. Bracks was appointed to the position on May 17 ...

Telstra Super lures members with SMSF lookalike

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
Corporate super fund Telstra Super has launched a new investment platform offering members direct access to term deposits and shares, in a move to retain members who might otherwise set up self-managed super funds (SMSFs). The investment option, called ...

ASIC finds hedge funds pose no systemic risk

MARK SMITH  |  TUESDAY, 10 SEP 2013
Australian hedge funds do not currently pose a systemic risk to the Australian financial system, a new ASIC report has found. The regulator also found that qualifying hedge funds in the survey also use low leverage and appear to have adequate liquidity ...