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Showing 7361 - 7370 of 9326 results for "Red"

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
Hugh Charles Gordon, the former head of Newcastle investment company Whet Investments, was sentenced to 18 months jail, for fraud. Gordon, of Redheads, New South Wales, will be released after serving eleven months but will have to enter into a recognizance ...

Mortgage trust managers have lots of questions to answer

JOHN KAVANAGH  |  FRIDAY, 19 FEB 2010
Mortgage fund managers have spent the past couple of days in damage control, reassuring planners and investors that the assets of their funds are secure. These moves come in the wake of the announcement by Colonial First State on Tuesday that it would ...

No cane toad approach to SMSF shake-up

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
As the countdown begins to the release of the Cooper Review's recommendations on SMSFs, the Review's chair Jeremy Cooper said they won't be adopting a 'cane toad' solution to the industry's flaws. Speaking at the SMSF Professionals' Association of Australia ...

CareSuper ramps up insurance appeal

CARESUPER RELEASE  |  THURSDAY, 18 FEB 2010
The $3.2 billion CareSuper is doubling the death and TPD cover for members over 30, and basing its default cover for younger members on their lifecycle commitments. CareSuper, the 200,000 member industry fund for administrative and professional employees ...

Coin upgrades SoA services

COMPANY RELEASE  |  THURSDAY, 18 FEB 2010
Coin Software has rolled out a new Comprehensive Statement of Advice (SoA) template to help financial advisers with their admin needs. The launch was part of an upgrade for Coin Office v3.4. The Comprehensive SoA template allows advisers to provide ...

Wheels rolling away from commission

RUTH LIEW  |  TUESDAY, 16 FEB 2010
AMP continues on its path away from a commission-based fee model, testing the waters by removing the in-built commissions within the AMP Growth Bond fund. It's a small step for AMP given that the fund is new but, if the strategy works, it could become ...

Russell wins IOOF mandate

RUTH LIEW  |  TUESDAY, 16 FEB 2010
IOOF Holdings has appointed Russell Investments as its investment consultant to help manage its $10 billion multi manager portfolios - a move that puts Russell back in the spotlight on Australia's asset consulting map. Steve Merlicek, chief investment ...

Australian Ethical taps global smart energy

MEDIA RELEASE  |  TUESDAY, 16 FEB 2010
Fund manager Australian Ethical has repositioned its International Equities Trust to focus on global smart energy. The trust has always invested in renewable energy, recycling, efficient transport and other smart energy companies in previous years but ...

AustralianSuper wins $650m Elders mandate

RUTH LIEW  |  MONDAY, 15 FEB 2010
AustralianSuper has won a $650 million and 12,500 member-strong corporate super mandate from Elders - making the transfer one of the largest of its kind in Australian corporate superannuation history. The $30 billion-plus AustralianSuper was the successful ...

Love thy neighbour

BENJAMIN ONG  |  MONDAY, 15 FEB 2010
... "I love you dearest! But what if you're a Chinaman in love? Would you be gifting your lover a diamond ring hidden inside a red envelope, complete with dancing dragons? For financial markets these days brought renewed trepidation. The world welcomed the ...