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Showing 711 - 720 of 1117 results for "MIT"

US Senate votes down adviser fiduciary rule

ALEX DUNNIN  |  TUESDAY, 31 MAY 2016
The US Senate recently voted down the Department of Labor's administration rule for financial advisers that would have compelled them to act in their clients' best interests. The law was passed 65-41 meaning it fell well short of the two thirds majority ...

Medcraft steps down from global leadership position

ALEX BURKE  |  FRIDAY, 20 MAY 2016
ASIC chair Greg Medcraf has announced he will step down from a global leadership position so as to "refresh" the organisation. Medcraft was chair of the International Organization of Securities Commissions (IOSCO) for the past three years. He declined ...

Charter Hall launches second automotive trust

DARREN SNYDER  |  WEDNESDAY, 18 MAY 2016
Property group Charter Hall has launched a second Direct Automotive Trust through the acquisition of four car dealerships spanning Sydney, Melbourne, Brisbane and Perth, and valued at $82 million. Charter Hall is seeking to raise $48 million in equity ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 12 MAY 2016
Australia consumer confidence The drop sparks a rise. There is no doubt that the 8.5% jump in the Westpac-Melbourne Institute consumer sentiment index to 103.2 points in May - the highest level since January 2014 - had been mainly a result of the Reserve ...

BTIM reveals strong results

KERRIE SYDEE  |  THURSDAY, 5 MAY 2016
BT Investment Management (BTIM) has released its 1HY16 results, revealing a 33% increase to cash net profit after tax (NPAT) to $88.6 million driven by a combination of higher performance fees, the expansion of operating and fee margins, higher average ...

Three Aus funds awarded AAA climate rating

KERRIE SYDEE  |  MONDAY, 2 MAY 2016
Three Australian superannuation funds have received AAA ratings for their climate change risk management from the Asset Owners Disclosure Project's (AODP) 2016 benchmark index, The Global Climate 500 Index. Local Government Super and Australian Super ...

Former CFP GM joins industry super fund

DARREN SNYDER  |  FRIDAY, 15 APR 2016
Former Commonwealth Financial Planning (CFP) general manager Harry Mitchell has signed on as an industry superannuation fund chief executive, joining Mine Wealth + Wellbeing from May. Mitchell led CFP for three-and-a-half years and entered the position ...

Super funds presented in-housing framework

DARREN SNYDER  |  THURSDAY, 14 APR 2016
The path for superannuation funds insourcing their investment management has become clearer with researchers developing an industry framework that tackles in-housing complexities. The framework was presented at a recent Centre for International Finance ...

Largest five banks all Asian

MARK SMITH  |  THURSDAY, 14 APR 2016
The world's five largest banks are all based in Asia, and China-headquartered banks made up the top four, according to S&P Global Market Intelligence's latest global bank rankings, while Australian banks have slipped down the rankings. The three largest ...

SSGA restructure sees distribution head depart

ALEX BURKE  |  THURSDAY, 14 APR 2016
State Street Global Advisors' head of distribution for Australia and New Zealand has departed following a management restructure. Peter Mitchell joined SSGA in 2011 and was responsible for institutional and retail investment solutions, covering ETFs ...