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Astarra director faces five years jail, $220k fine

ASIC RELEASE  |  WEDNESDAY, 8 DEC 2010
... conditions. He was committed for sentence to the Supreme Court of NSW and is scheduled to appear for arrangement on 4 February next year. The Commonwealth Director of Public Prosecutions is prosecuting the matter. Trio Capital, the successor to Astarra ...

UniSuper expands advice as member demand rises

ELISE BURGESS  |  WEDNESDAY, 8 DEC 2010
UniSuper plans to expand its financial planning service next year after better-than-expected demand, with thousands of members using it to get general advice while around 700 requested tailored financial plans. UniSuper Advice, launched last December ...

Court rejects Great Southern statement of claim

MEDIA RELEASE  |  WEDNESDAY, 8 DEC 2010
... Mike Hirst, in a statement. M+K's third attempt at filing a statement of claim will be considered by the Court in February next year. In October, the bank claimed that a separate Great Southern class action led by DC Legal had "fallen over". The law ...

More to retirement than super: planner

ELISE BURGESS  |  TUESDAY, 7 DEC 2010
... multi-channels and building strategies for their clients. "It's hard to convince someone in their thirties to lock away funds for the next 30 years." "It's not just superannuation that is retirement, it's paying off a mortgage earlier, investment properties ...

Green light for global equities surge: Bell Potter

JOHN MCDULING  |  TUESDAY, 7 DEC 2010
... Using history as his guide, Bell Potter's Peter Quinton says global equities could rise by more than 60 per cent over the next three years - and if his prediction proves accurate, it could mean that new highs for markets are on the horizon. After studying ...

Magill grows FUA as client base doubles

RUTH LIEW  |  MONDAY, 6 DEC 2010
... Magill, along with her son Brian Magill who is a certified financial planner, are looking to again double the number of clients next financial year as part of the firm's growth strategy. "We've also been approached by a number of organisations to see ...

Aviiid prepares to launch fund

ELISE BURGESS  |  MONDAY, 6 DEC 2010
... Australian Unity director Eve Crestani as chairman and expanded its executive team, ahead of the launch of a new fund early next year. Aviiid, an investment funds and superannuation manager, invests in senior housing, lifetsyle and care choices and operating ...

Citi sees ASX200 at 5300 in 2011

JOHN MCDULING  |  MONDAY, 6 DEC 2010
The forecasts continue to roll in, with Citigroup Global Markets putting a 5,300 year-end target on the ASX200 for next year. Citigroup's analysts expect the mining boom to continue next year and, with limited spare capacity in the economy, they expect ...

Winter wonderland

BENJAMIN ONG  |  MONDAY, 6 DEC 2010
... 9 to 12 months). Having been through a "pause" in the Northern Hemisphere summer, it wouldn't be until the second half of next year that we'll see significant improvement in this stat. In contrasts, the ISM manufacturing index, for one, is a leading ...

UCSuper makes debut in infrastructure

RUTH LIEW  |  FRIDAY, 3 DEC 2010
... of the funds' member investment choice options. The new allocation to members' investment choices will be made available next month, he said. "[We're] trying to restructure the alternatives in the portfolios to give it more diversity," said Kent. UCSuper ...