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Showing 6841 - 6850 of 9322 results for "Red"

Super funds drop fees after merger

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
Superannuation funds Cuesuper and NGS Super reduced their fees in what is believed to be the first time a merger has resulted in lower costs for members. Tom Taylor, chairman of Cuesuper, speaking at the Mergers & Acquisitions for Super Funds 2011 in ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
The Australian Securities and Investments Commission has axed 59 jobs in the year to May as part of 87 redundancies with a further 68 to go this financial year as part of a $10 million budget cut to the corporate watchdog, dependant on a funding review. ...

North platform lands new head in AMP restructure

ELISE BURGESS  |  FRIDAY, 22 JUL 2011
Rob Caprioli has been named as the new head of AMP banking and wealth management products, including responsibility for the North platform. Caprioli will also manage superannuation, retirement and investment products for AMP Bank. Caprioli had been ...

Zurich launches program to match demographic trends

ELISE BURGESS  |  FRIDAY, 22 JUL 2011
Zurich has kick-started the new financial year, releasing a fully formed insurance offering designed for greater client retention and hybrid policy cover, with plans for new applications within weeks. Assessing its policyholder trends, Zurich found ...

Earnings up but jobs cut at State Street

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
Institutional financial services firm State Street today announced a second quarter increase in earnings but that was not enough to save jobs with a further 850 positions to be cut. The global job cuts come as part of an "IT Transformation" program ...

Coalition, small business reject super clearing house model

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
... through the ATO as part of the PAYG process. "Our position is that super payments remitted through the ATO save time... and red tape," said Bruce Billson, Shadow Minister for Small Business. Strong said the superannuation industry had been fighting the ...

PIMCO urges SMSFs to get active

MATT WOODINGTON  |  WEDNESDAY, 20 JUL 2011
PIMCO's Australian bond fund has outperformed Australian shares over the past ten years and actively managed income funds are being tipped to add more value still. Lonsec's 2011 income funds sector review found that the shift towards index funds and ...

Macquarie may slash jobs in dip

ALISON BEVEGE  |  TUESDAY, 19 JUL 2011
Investment banking group Macquarie may cut staffing levels due to an expected fall in revenue as their shares slumped to two-year lows. As news rolled round the globe of the expected job cuts today, Macquarie Group shares slumped a further 1.61% to ...

BTIM extends global presence with $10bn manager buy

MATT WOODINGTON  |  TUESDAY, 19 JUL 2011
BT Investment Management will reduce its reliance on Australian revenues by acquiring London-based J O Hambro Capital Management in a $314 million deal that gives it access to a host of new markets. J O Hambro Capital Management is a boutique active ...

Bigger super funds may not be cheaper for members

ALISON BEVEGE  |  TUESDAY, 19 JUL 2011
An industry super fund head has said the idea that bigger super funds are cheaper for members is unfounded. John Livanas, chief executive of $1 billion meat industry fund AMIST Super, said smaller can be better and that mergers for the sake of merging ...