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Market Wrap - Morning

AAP  |  WEDNESDAY, 4 NOV 2009
... seven per cent of its global work force and streamline its business structure to save up to $US900 million ($A994.48 million) next year. In Europe, investors were unnerved by further efforts to restructure two of the UK's largest banks. Lloyds said it ...

MFS on expansion trail

MICHELLE BALTAZAR  |  TUESDAY, 3 NOV 2009
... the US and Latin America. "Our main focus is having investment people in the emerging markets arena because we think in the next 10 to 20 years, that's going to be the place where we would need a local presence," said Manning. "And it may not necessarily ...

Under 30s shine in Future Leaders Awards

MICHELLE BALTAZAR  |  MONDAY, 2 NOV 2009
... IFSA's Super Member Charter that will mandate members to move to a transparent fee-based model for financial advice from July next year - the same model explored in Feher's submission. As this year's winner, Feher received an all expenses paid trip to ...

CFS and Brookfield scoop property awards

PIR RELEASE  |  MONDAY, 2 NOV 2009
... suffering from the GFC last year. "PIR is looking forward to delivering an even better outcome for delegates at its conference next year," he said.

Russell to stay in Australia: Doman

RUTH LIEW  |  FRIDAY, 30 OCT 2009
... he said. Meanwhile, Doman said the firm would be entering the exchange traded funds (ETFs) market in the first quarter of next year. Doman said he hopes Australia will be one of the first launch locations for the ETF range of products.

This swan's for Merrill Lynch

MICHAEL HOBBS  |  WEDNESDAY, 28 OCT 2009
... the final minutes of the 2005 AFL Grand Final, which sealed the premiership win for the Swans. Barry starts his role mid-next month.

ANZ says no to ING IM acquisition, for now

RUTH LIEW  |  WEDNESDAY, 28 OCT 2009
... ING's parent company earlier this week that it planned to dispose of the firm's insurance and investment businesses over the next four years to shore up its balance sheet and repay government debt. The group revealed a massive restructuring program that ...

Integrity expands team

COMPANY RELEASE  |  WEDNESDAY, 28 OCT 2009
... joins Integrity Investment Management as the BDM responsible for the group's Melbourne-based clients. Peters joins end of next month after seven years with Equity Trustees. At the firm, he was the national BDM, responsible for the BDM team and the distribution ...

ING to divest insurance and investments

MICHELLE BALTAZAR  |  TUESDAY, 27 OCT 2009
Dutch banking and insurance giant ING plans to dispose its insurance and investment businesses over the next four years to shore up its balance sheet and repay its government debt. In a company statement released overnight, the group revealed a massive ...

Drop commissions or get off APL: AMP

MICHAEL HOBBS  |  TUESDAY, 27 OCT 2009
... results presentation in August that its financial planning business will move to a "no commission" remuneration model by June next year. "We had fund managers in and told them that if you want to be on our APL from next year, that's how you're going ...