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superMate upgrades for SMSFs and advisers

LOREN RUGEBREGT  |  MONDAY, 8 AUG 2011
... Financial advisers can now customise transaction feeds from platforms and brokers to receive accurate and up to date data by the next business day. According to Supercorp business development manager David Mendelovits, valuable time has traditionally ...

ANZ fears regulation could hamper scaled advice

MATT WOODINGTON  |  FRIDAY, 5 AUG 2011
... the industry, as dealership groups move with the times. "Dealership services has to move from bland dealership solutions to next generation services, using technology to allow productivity gains," he said. Barrett said that the move to scaled advice ...

US ceiling raised but underlying reasons remain

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
... and deal with the country's long-term fiscal imbalances. The legislation proposes to save about US$2.1 trillion over the next 10 years. In our view, an average of US$250 billion in savings per year against an approximately US$1.5 trillion deficit does ...

JBWere wealth head resigns

ELISE BURGESS  |  FRIDAY, 5 AUG 2011
... confirmed to Financial Standard that Gale has left the firm after 11 years, although it is not known where he is heading to next. "We can confirm that Brad Gale, who headed JBWere's Institutional Wealth business, has resigned following a successful 11 ...

Government bowing to pressure on super risk commissions

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
... response to the Costello report on Stronger Super issues in the last full week of August, followed by draft legislation on FOFA next month. It also hopes to submit legislation on superannuation during the spring session of parliament this year. On the ...

Industry super funds show patchy approach to emergency reserves

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... stand-alone entities where all the money belongs to the members. Huppert said the industry was not standing still and that the next few years would see substantial investment in back-office systems.

Rates rise in Italy while Cypriot pension funds withdraw cash

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... reported. Funding costs have risen for Italian banks thanks to the rising yields, driven up by fears that Italy will be the next victim in the spreading sovereign debt crisis. Italy reportedly has a 1.9 billion euro public debt coupled with poor economic ...

Star hire strengthens IOOF adviser drive

ALISON BEVEGE  |  WEDNESDAY, 3 AUG 2011
... has 1500 non-aligned financial planners who use the firm's services. "We are looking to expand that dramatically over the next few years," he said. With financial institutions hotly competing to add financial advisers to their network, Mota said players ...

BT regroups for market push

ELISE BURGESS  |  WEDNESDAY, 3 AUG 2011
... seven million customers. The new Business Transformation division, lead by general manager John Shuttleworth, will build the next generation wealth platform for advisers, dealer groups and investors. David Lees will lead the Superannuation and Investment ...

ACSI chief exec Byrne wins PRI election

MATT WOODINGTON  |  WEDNESDAY, 3 AUG 2011
... that we have Australians on the council to allow us to embed our version of investment risk mitigation," said Byrne. The next meeting will take place in Paris in September with policy development at the heart of the council's mandate. "One of my priorities ...