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ING BDMs undergo training course

COMPANY RELEASE  |  FRIDAY, 21 MAY 2010
ING Australia business development managers (BDMs) will complete a Certificate IV in Practice Management over the next four months as part of the firm's new training and development program. The Certificate IV in Practice Management has been developed ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 MAY 2010
... Europe's financial system. Analysts said the hasty move only deepened the uncertainty about what steps governments might take next in hopes of containing the selling. The Dow lost 66.58 points, or 0.63 per cent, to 10,444.37. The S&P 500 index fell 5.75 ...

US wants pause button in volatile markets

MICHAEL HOBBS  |  WEDNESDAY, 19 MAY 2010
... The Australian Securities Exchange (ASX) was spooked by the events, falling more than 2 per cent in early morning trade the next day. NASDAQ issued a press release that said there was no technological or system issues associated with the trading that ...

Govt consults on advice reforms

GOVERNMENT RELEASE  |  TUESDAY, 18 MAY 2010
... for the reforms because it will go a long way to improving the trust and confidence consumers have in the industry. "The next step is for Treasury to consult with stakeholders on the details for implementing the reforms, in particular the accountant's ...

Addwealth seeks to triple FUA

RUTH LIEW  |  TUESDAY, 18 MAY 2010
... solutions and support," he said. According to Foster, the key to opportunistic growth means Addwealth is not aiming to be the next mega player in the independent financial adviser sector. "There's a business cap - we can continue to deliver excellent ...

Wingate pushes for Everest board removal

COMPANY RELEASE  |  MONDAY, 17 MAY 2010
... Wingate Group has ramped up its efforts to oust the board of Everest Financial Group ahead of the annual general meeting next week. In a letter to shareholders, Wingate insists the Everest board should be removed because of litigation issues, excessive ...

Super funds could fill resource capital shortfall: report

MICHAEL HOBBS  |  THURSDAY, 13 MAY 2010
... impact on returns. "Where does the bulk of the funding of the $50 billion capital requirements for new projects over the next few years come from? As we all know, it comes from China, India and Japan... or alternatively, it comes from investment funds ...

Purvis attracts SMA mandate with new venture

MICHAEL HOBBS  |  THURSDAY, 13 MAY 2010
... SMA," said Purvis. The portfolios are expected to be available using other white labels of the OneVue Managed Account in the next few months.

Norway pension manager expands into Singapore

PRESS RELEASE  |  THURSDAY, 13 MAY 2010
... China two years ago helped us form new business contracts and find new investment opportunities in an important market. The next step into Singapore will further strengthen our operations in this region," he said.

Pain in Spain

BENJAMIN ONG  |  THURSDAY, 13 MAY 2010
... factors: Civil service jobs to be slashed by 13,000 this year. Civil service pay cut -- by 5 per cent in 2010 and frozen next year. The 2,500 birth grant -- Spain's version of the baby bonus -- abolished by 1 January 2011. Public investment reduced by ...