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Adviser departures expected after PIH listing

RUTH LIEW  |  MONDAY, 11 OCT 2010
Professional Investment Holdings (PIH) shareholders will meet late next month to vote on the proposed merger with Centrepoint Alliance and group managing director Grahame Evans said they are anticipating they could lose advisers in the process. PIH ...

Bad news is good news is bad

BENJAMIN ONG  |  MONDAY, 11 OCT 2010
... (value-added tax). In the name of reducing the budget deficit, Obama is thinking of doing away with the "Bush tax cuts" come January next year. Oh, and he's also announced increasing income taxes for those earning US$250,000 per annum and above. There ...

RMB rise to benefit local investors

RUTH LIEW  |  FRIDAY, 8 OCT 2010
... Funds Management, told advisers at a briefing that the RMB's appreciation will see most Asian currencies follow suit over the next one to two years. This is buoyed by Asia's expected faster growth than its trading partners, monetary policy tightened ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 6 OCT 2010
... risen $1.74, or 2.26 per cent, to $78.74. Rio said on Wednesday it had not made any final decision about possible outcomes or next steps regarding the proposed Western Australian iron ore joint venture with BHP. In other mining news, Fortescue Metals ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 6 OCT 2010
... contracts traded. Making news on Wednesday, Rio Tinto said it had not made any final decision about possible outcomes or next steps regarding the proposed Western Australian iron ore joint venture with BHP Billiton. BHP was up 74 cents, or 1.87 per cent ...

Suncorp chair to retire

ELISE BURGESS  |  TUESDAY, 5 OCT 2010
John Story, Suncorp chairman, intends to retire next year after the next board election. Story, in his latest chairman address, has expressed plans to stand in the next election to act as a guide to the new board before stepping down as chair in a year's ...

PAC merges with eQuant, names Greg Kirk as non-exec

JOHN MCDULING  |  FRIDAY, 1 OCT 2010
... managing director of AMP financial planning, Greg Kirk, as a non-executive director to assist in guiding the company through its next phase of growth. "Greg Kirk has joined us as a non-executive director to help us grow over the next five years both ...

MLC says no to PIH stake

RUTH LIEW  |  THURSDAY, 30 SEP 2010
... suitors for the minority stake could be on the cards, especially after PIS' merger with Centrepoint Alliance scheduled early next year. "I think as we move into a new world post the merger with Centrepoint Alliance, we would have other people interested ...

APESB extends consultation

ELISE BURGESS  |  THURSDAY, 30 SEP 2010
... consultation period on a proposal to ban members who offer financial planning services from charging asset-based fees from July next year. The Accounting Professional & Ethical Standards Board (APESB) issued the Proposed Standard APES 230: Financial ...

The good smoke

BENJAMIN ONG  |  THURSDAY, 30 SEP 2010
... revenues in the current fiscal year. But like the pleasure, the high derive from smoking, this would last only as long as the next smoko. Bloomberg reports that, "In June 2006, a month before the last time Japan raised the duty, spending on tobacco soared ...