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Speaker chaos could derail super reforms

... ABC is correct, as the government's numbers on the floor would be 76 to 73. Parliament is set to meet for the first time next Tuesday. This week's chaos simply confirms how crucial parliamentary tactics now are, not just for the government but also for ...

CommInsure wins industry fund mandates

MEDIA RELEASE  |  WEDNESDAY, 22 SEP 2010
... general public. CommInsure has also recently been reappointed by industry fund Care Super to insure their members for the next three years. Extending their partnership to seven years, CommInsure worked closely with both Care Super and broking and consulting ...

S&P and ASX launch Aussie "fear index"

JOHN MCDULING  |  WEDNESDAY, 22 SEP 2010
... investor expectations for a wild ride ahead in stocks, and vice versa. The index will measure the expected volatility for the next 30 trading days by using settlement prices for S&P/ASX 200 put and call options to calculate a weighted average of the ...

Aust Unity to buy Westpac FML

ELISE BURGESS  |  WEDNESDAY, 22 SEP 2010
... number of processes including establishing liquidity in the fund through a series of three $10m withdrawal offers over the next 24 months. Additionally AUI will recapitalise the fund through a $40 million entitlement offer while also underwriting $10 ...

Netwealth expands distribution

NEWS RELEASE  |  TUESDAY, 21 SEP 2010
... Ordon, netwealth said it plans to make further appointments to its distribution team in both Victoria and Queensland in the next three months. Based in Sydney, Ordon will oversee distribution of netwealth platforms to private client advisory groups in ...

MLC appoints former Fidelity global CIO

ELISE BURGESS  |  TUESDAY, 21 SEP 2010
... global investment markets and will be responsible for over $65 billion in funds under management at MLC. She starts in January next year. Condon stepped down as CIO in February, a position he has held since 1998, to start his own investment consultancy. ...

More aid for small licensees

AFA RELEASE  |  MONDAY, 20 SEP 2010
The Association of Financial Advisers (AFA) will run its inaugural Small Licensee Practice Principal Conference next month to signal its additional support for financial advisers that run small and independent practices. The conference will be held ...

Bidding time for AMP

JOHN MCDULING  |  MONDAY, 20 SEP 2010
With NAB bowing out of the race for AXA APH last week, planners and investors are nervously awaiting AMP's next move. It was AMP after all, which fired the opening salvo in the race for AXA Asia Pacific Holdings (AXA APH) with its original bid for the ...

S&P withdraws sell rating on 452 funds

S&P RELEASE  |  THURSDAY, 16 SEP 2010
... both of which are well regarded by S&P," according to an S&P statement. "We expect to assign new ratings and reports in the next two weeks," noted the statement.

Challenger to open redemptions on mortgage fund

MICHELLE BALTAZAR  |  WEDNESDAY, 15 SEP 2010
... ratings 'on hold' for the fund, partly due to the continuing uncertainty in the sector until the government guarantee is lifted next year. In the year to August, the wholesale fund returned 3.39 per cent against the benchmark's higher 4.21 per cent. ...