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Showing 7771 - 7780 of 10707 results for "May 2012"

ASIC strikes $67.45m in Westpoint settlement

MATT WOODINGTON  |  WEDNESDAY, 2 FEB 2011
The Australian Securities and Investments Commission (ASIC) has reached a settlement agreement, handing investors in the Westpoint Group an additional $67.45 million in compensation. The latest stage of the litigation process was carried out on behalf ...

ASIC outlines philosophy behind policy framework

ALEX DUNNIN  |  TUESDAY, 1 FEB 2011
Financial planners who continue to think holistic advice is the default advice model are holding themselves back from seizing emerging opportunities, an ASIC report said. Early in January, ASIC released their Access to Financial Advice report that outlined ...

BetaShares launches currency ETF

MEDIA RELEASE  |  TUESDAY, 1 FEB 2011
New Sydney-based exchange traded fund (ETF) provider BetaShares has launched a new ETF in Australia that tracks the performance of the US dollar relative to the local currency. Trading under the ASX Code 'USD', BetaShares U.S. Dollar ETF tracks the ...

Market Wrap - Midday

AAP  |  MONDAY, 31 JAN 2011
The Australian dollar was slightly lower at noon after following a sell-off on the weekend prompted by anti-government protests in Egypt. At 1200 AEDT on Monday, the local unit was trading at 98.89 US cents, down from 99.01 cents on Friday. Since 0700 ...

Indonesia looking to deepen its capital markets

ALEX DUNNIN  |  MONDAY, 31 JAN 2011
The Indonesian stock market was the Asia region's top performer in 2010, posting gains of 45 per cent, but the surge of foreign-sourced investment inflows has prompted the Indonesian government to reassess the size and depth of its debt and equity markets. ...

Intra-fund opens new doors for advisers

ELISE BURGESS  |  FRIDAY, 28 JAN 2011
Association of Financial Advisers (AFA) chief executive Richard Klipin said that while many of AFA's members are rightly concerned about the unintended consequences of the 'intra-fund advice' model, there are some upsides. Intra-funds are traditionally ...

MLC wrap locks into SMSFs and managed accounts

ELISE BURGESS  |  THURSDAY, 27 JAN 2011
MLC's new platform, MLC Wrap, draws on the popular features of its existing Navigator and MasterKey Custom platforms to appeal to a broader adviser base. MLC Wrap is presented as a full service platform, complete with self-managed superannuation fund ...

Former adviser faces fraud charges

ASIC RELEASE  |  THURSDAY, 27 JAN 2011
A former financial adviser is facing charges, including fraudulently obtaining client funds, after an investigation by the Australian Securities and Investments Commission (ASIC). Alan Leslie Brown, of Lugarno, New South Wales, has appeared on a total ...

Haste makes waste

BENJAMIN ONG  |  TUESDAY, 25 JAN 2011
I'm sure I've seen this movie before. Most of you have too. It was shown on monitors near you at about this time last year. Yes, my dear Virginia, the film, "The Fed and other developed country central banks will start withdrawing policy - possibly ...

PAS taps board diversity

ELISE BURGESS  |  MONDAY, 24 JAN 2011
Professional Associations Super practices what it preaches on gender diversity by electing Katherine Kasper as member representative director to its trustee board. PAS, with a membership base of 60 per cent female, agrees with the latest findings from ...