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Showing 721 - 730 of 1630 results for "Division 296"

US resistance to DOL fiduciary rule gathers pace

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
Momentum is building against the US Department of Labor's (DOL) proposed fiduciary rule for retirement advisers with House Speaker Paul Ryan now joining the critics. The DOL has been working on expanding the fiduciary obligation since the GFC when millions ...

Link Group happy with Superpartners progress

MARK SMITH  |  FRIDAY, 26 FEB 2016
Link Group has reported a $4 million loss for the half-year to 31 December as a result of IPO costs but says it is seeing growth in all its revenue streams and is on track to meet its full year forecasts. The $4 million loss includes costs of $26.9 ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
ASIC has accepted an enforceable undertaking (EU) from ACE Insurance following an investigation into one of its divisions, Combined Insurance. Under the EU, ACE Insurance is required to appoint an independent expert to review Combined's compliance systems ...

Former BlackRock managing director joins IOOF

MARK SMITH  |  THURSDAY, 25 FEB 2016
BlackRock's former managing director, head of wholesale advisory and iShares, Mark Oliver, has joined IOOF as general manager - distribution. The appointment follows the creation of a new wealth management division in December 2015 and the subsequent ...

Charter Hall reports $143m profit

MARK SMITH  |  THURSDAY, 25 FEB 2016
Charter Hall Group has reported statutory profit after tax of $143.5 million, up 259.6%, for the six months to 31 December. The number includes $89 million from property valuation gains. The company also saw 17% growth in funds under management to $15.9 ...

Cbus hires infrastructure manager

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
Cbus has hired a new infrastructure manager to its investment strategy team from KPMG. Diana Callebaut joined the $32 billion construction industry super fund's investment strategy team in the newly created role of manager, infrastructure on February ...

PROFILE: Mercer chief customer officer Renee McGowan

STAFF WRITER  |  TUESDAY, 23 FEB 2016
Renee McGowan is fluent in Indonesian and has worked in over 30 countries during her career. As Mercer chief customer and marketing officer, she has become the organisation's custodian of customers. McGowan admits she had a fairly accidental entry into ...

Aussie jobs trend is our friend

BENJAMIN ONG  |  FRIDAY, 19 FEB 2016
... labour market trend series is our friend. According to Bruce Hockman - General Manager of ABS' Macroeconomic Statistics Division - "The trend shows that around 302,000 more people were employed in January 2016 than in January 2015 and full-time employment ...

AMP Capital records solid profit growth

MARK SMITH  |  THURSDAY, 18 FEB 2016
AMP Capital has delivered a full-year after tax profit of $138 million, an increase of 20% on 2014. Despite soft equity markets in the second half of 2015, AMP Capital's operating earnings benefited from strong fee income growth of 14%, assisted by ...

CBA result boosted by wealth division

MARK SMITH  |  THURSDAY, 11 FEB 2016
Strong performance from the wealth management division contributed materially to the 4% rise in Commonwealth Bank's half-year cash profit, with CommInsure performing particularly well. Growth in insurance and funds management income of 17% and 6%, respectively ...