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AvSuper appoints Russell for admin

RUTH LIEW  |  MONDAY, 13 DEC 2010
... outsourced to IBM, among other improvements. AvSuper's new admin arrangements will be rolled out in the first quarter of next year. Commenting on the appointment, Michelle Griffiths, chief executive of AvSuper said Russell's customised administration ...

LGsuper and City Super set merger date

ELISE BURGESS  |  MONDAY, 13 DEC 2010
The boards of LGsuper and City Super have given the green light for both funds to merge next year to create a $5 billion-plus fund with over 90,000 members. The merge will be completed by 30 June next year with an immediate focus on short-term efficiencies ...

Infocus appoints COO

ELISE BURGESS  |  MONDAY, 13 DEC 2010
... appointed chief operating officer for national financial planning network Infocus Money Management. Starting in February next year, Bristow will focus on implementing professional fee-based financial planning in line with the upcoming Future of Financial ...

Best house in the slums

BENJAMIN ONG  |  MONDAY, 13 DEC 2010
... still battling deflation - that scourge of "spending now" and "investing now". Why "buy now" when you can get better prices next week, next month, next year? And China? It's in the midst of draining liquidity in its system. Just last Friday, Beijing ...

China inflation fears overplayed

JOHN MCDULING  |  FRIDAY, 10 DEC 2010
... prices, a factor he said has been declining in recent weeks, and that he thinks will continue to fall as food supply increases next year. "I think the market concerns about Chinese inflation currently look over done... I think we are probably seeing ...

Move beyond benchmarks: GMO

JOHN MCDULING  |  FRIDAY, 10 DEC 2010
... educating clients, and portfolio robustness could be solutions. "We have positions on that allow us to survive until the next round, and I view that as a risk management tool, from a business perspective," he said.

HESTA supports nursing awards

MEDIA RELEASE  |  FRIDAY, 10 DEC 2010
... Melbourne to attend the function as part of the 2011 Australian General Practice Network National Forum. The forum will be held next November. APGN chief executive David Butt said the awards were designed to be inclusive in recognition of the current ...

Former Hostplus marketing exec joins IFM

RUTH LIEW  |  FRIDAY, 10 DEC 2010
... Umberto Mecchi, has joined Industry Funds Management as executive director, marketing. Mecchi will join IFM on 8 February next year. IFM's client services team will report to him. He will form part of the IFM leadership team, and will play a broader ...

Former Chartwell director pleads guilty

ELISE BURGESS  |  FRIDAY, 10 DEC 2010
... investors and carrying financial services without an Australian financial services licence. Hoy is on bail until 25 January next year. On August 19, former Chartwell secretary, Ian Rau, was sentenced to two years and seven months imprisonment on eight ...

Lookin' good

BENJAMIN ONG  |  FRIDAY, 10 DEC 2010
... daily movements - you'll see that the global economy is heading in the right direction. Better, the outlook looks good for next year. Here's a selection of some of Bloomberg's headlines over the past 24 hours pointing to better times ahead. Australia ...