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FOS insurance ombudsman resigns

MICHAEL HOBBS  |  THURSDAY, 13 AUG 2009
The Financial Ombudsman Service (FOS) is close to naming a new general insurance ombudsman after Sam Parrino resigned from the service. Parrino was named ombudsman - general insurance when FOS in July last year. Prior to joining FOS, Parrino worked ...

Seton named fund executive of the year

COMPANY RELEASE  |  THURSDAY, 13 AUG 2009
... has been complimented by a tailor made approach to meeting the specific needs of its members, many of whom are retired or close to retiring. Michael's careful and flexible approach helped AGEST to be well positioned for the challenges of the past yea ...

Market Wrap - Morning

AAP  |  THURSDAY, 13 AUG 2009
The Australian sharemarket is expected to open higher after US stocks rose after the Federal Reserve said the economy was stabilising. Higher precious metals and oil prices are expected to lift the local bourse, too. At 0715 AEST on the Sydney Futures ...

QSuper selects SuperChoice

MICHAEL HOBBS  |  WEDNESDAY, 12 AUG 2009
The $24 billion QSuper appointed SuperChoice to enhance the fund's processing capabilities and assist members making contributions when they leave the public sector. Rosemary Vilgan, chief executive at QSuper, said the fund regularly receives phone ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 12 AUG 2009
... 5285.81. PARIS - The CAC 40 lost 48.36 points, or 1.38 per cent, to 3456.18. TOKYO - Japan's Nikkei average hit its highest close in 10 months, with construction stocks such as Obayashi Corp gaining in the wake of an earthquake and a storm that triggered ...

Apostle adds to client service team

MICHAEL HOBBS  |  TUESDAY, 11 AUG 2009
Apostle Asset Management has hired Lucinda Hill in a client servicing role. Hill joins Apostle Asset Management from UK-based Renaissance Investment Management where she worked in a number of client servicing roles with high-end clients. "This has been ...

ISN to APRA: get on with it

APRA should get on with publishing its 'whole of fund' returns league tables, said the Industry Super Network (ISN). The league tables are needed because there is insufficient independent information available for consumers to help them choose super ...

TC Growers closer to buying Timbercorp assets

RUTH LIEW  |  TUESDAY, 11 AUG 2009
First Super-backed TC Growers is a step closer to acquiring the failed Timbercorp's forestry assets. According to a media statement released by the consortium, which counts the $1.5 billion timber industry fund First Super and an unnamed international ...

Market Wrap - Morning

AAP  |  TUESDAY, 11 AUG 2009
... to 5418.12. PARIS - The CAC 40 lost 16.6 points, or 0.47 per cent, to 3504.54. TOKYO - The Nikkei average hit its highest close in 10 months, buoyed by stronger-than-expected US jobs data and a report that Mitsubishi Chemical was in talks to acquire ...

Market Wrap - Morning

AAP  |  MONDAY, 10 AUG 2009
... 5458.96. PARIS - The CAC 40 gained 43.31 points, or 1.25 per cent, to 3521.14. TOKYO - Japan's Nikkei average hit its highest close in 10 months, helped by companies such as Toray Industries which had surprisingly good earnings reports. The Nikkei inched ...