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Challenger wins $200m from AustralianSuper

AUSTRALIANSUPER RELEASE  |  MONDAY, 12 JUL 2010
... led to a large increase of loan issuance which in turn has created a huge level of refinancing that will be due over the next three years. It has been estimated that Australian companies will need to pay or refinance $223 billion of debt by 2012. Banks ...

ASX power handover to ASIC heralds new trading rules

PRESS RELEASES  |  FRIDAY, 9 JUL 2010
Starting next month, investors will have to follow a new set of trading rules when regulator ASIC takes over the supervisory role historically held by the local bourse. Chris Bowen, minister for financial services, superannuation and corporate law ...

Praemium preps more advisers to fee-for-service world

RUTH LIEW  |  FRIDAY, 9 JUL 2010
... fee-based planners. However, with the planning environment likely to change from a commission to fee-based services over the next two years, Naoumidis stressed it was a "market that we want to play in strongly". Enter SMARTwrap - Praemium's latest offering ...

CFSGAM aims for top quartile UN PRI performance

MICHAEL HOBBS  |  FRIDAY, 9 JUL 2010
... to rank at the top of the pile across five of the six United Nations Principles for Responsible Investment (UN PRI) by the next financial reporting year. The fund manager has published its third responsible investment report after signing the principles ...

Temasek seeks Asian equities fundies

RUTH LIEW  |  FRIDAY, 9 JUL 2010
... director of Temasek Holdings, said directionally the investment firm intends to increase Asian exposure steadily over the next decade. "But [we] will continue to maintain the full flexibility to shift our portfolio stance in response to major development ...

Market Wrap - Morning

AAP  |  FRIDAY, 9 JUL 2010
... weeks, falling 0.25 per cent as investors remained cautious ahead of Agricultural Bank of China's blockbuster trading debut next week, traders said. The Shanghai Composite Index was down 5.97 points at 2,415.15 on turnover of 50.4 billion yuan ($A8.59 ...

CommInsure completes business restructure, appoints two GMs

MICHELLE BALTAZAR  |  THURSDAY, 8 JUL 2010
... strategy, marketing, distribution support and organisational development across all businesses. They both start their new roles next week (12 July). Last month, the group announced the four other general managers, which included the move by former general ...

Bennelong adds to BDM team

MEDIA RELEASE  |  THURSDAY, 8 JUL 2010
... house ratings and increased dealer group approvals mean the group is well placed to expand its retail business overf the next 18 months. Its suite of funds available to planners include Bennelong Australian Equity Partners, Bennelong SGI and Bennelong ...

AAS, Pillar and Superpartners brace for SuperStream

COMPANY RELEASE  |  WEDNESDAY, 7 JUL 2010
... designed to improve the 'back offices' of super funds and save up to $1 billion each year. According to a press statement, the next step is to roll out the straight through processing solution for bulk or wholesale rollovers between the three administrators ...

Asgard makes tax time easier for planners

COMPANY RELEASE  |  TUESDAY, 6 JUL 2010
... Shuttleworth, said the firm was committed to a program of upgrades for the Asgard platform which will be rolled out over the next three years. "This new tax process will free up advisers to spend more time face-to-face with their clients, as opposed ...