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Showing 761 - 770 of 1019 results for James Fernyhough

RBC to close Melbourne custody office

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
Redundancies are on the cards at Royal Bank of Canada's custody arm, RBC Investor and Treasury Services, after it confirmed it will be closing its Melbourne operations and moving the entire Australian business to its Sydney headquarters. The move is ...

Employer super contributions down as jobless figure rises

JAMES FERNYHOUGH  |  THURSDAY, 5 SEP 2013
... in the 2013 June quarter since the global financial crisis, according to Financial Services Council (FSC) chief economist James Bond. The FSC's Bond Report put the figure at $489 million, or 2.4%, lower than the June quarter 2012. However, there was ...

Netwealth nabs AMP exec

JAMES FERNYHOUGH  |  WEDNESDAY, 4 SEP 2013
Netwealth has appointed John Boston to the role of national advice manager of the Financial Planning Services Australia (FPSA), part of the netwealth Advice Group. In addition to his role at FPSA, Boston will hold an executive role at netwealth Advice ...

Mercer trumpets "lifetime super concessional cap"

JAMES FERNYHOUGH  |  WEDNESDAY, 4 SEP 2013
Mercer has proposed that lifetime concessional caps on superannuation contributions would be a fairer system than the current annual concessional cap of $25,000. This policy would particularly help those approaching retirement who have not benefited ...

Super fund sells hospital to government

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
MTAA Super has sold its stake in Mildura Base Hospital (MBH) to the Victorian Government after 13 years of investment in the project. Since 2000, MDH has been under a public private partnership (PPP) arrangement, comprising the Victorian Government ...

NAB hangs on to custody of UBS GAM

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
NAB Asset Servicing, Australia's largest custodian, has held on to custody of $8 billion of UBS Global Asset Management's more than $37 billion funds under management (FUM). This hefty win will come as a relief to NAB in a market that is no longer the ...

APRA releases data risk management guide

JAMES FERNYHOUGH  |  TUESDAY, 3 SEP 2013
The Australian Prudential Regulation Authority (APRA) has released the final version of its prudential practice guide on the management of data risk. The 'Prudential Practice Guide CPG 235 Managing Data Risk' (CPG 235) is applicable to all APRA regulated ...

ASIC puts stop order on misleading Trilogy PDS

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
The Australian Securities and Investments Commission (ASIC) has put interim stop orders on the product disclosure statements (PDSs) for Trilogy Monthly Income Fund and Trilogy Melbourne Office Syndicate - Cheltenham, over concerns of the relevance of ...

Future Fund confirms preference for offshore investment

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
The Future Fund has reaffirmed its preference for offshore investments as it approaches the $90 billion mark. The fund grew by $11.9 billion over the 2012-13 financial year, reaching funds under management of $88.9 billion and delivering returns of ...

Sagging commodities see drop in foreign investment

JAMES FERNYHOUGH  |  MONDAY, 2 SEP 2013
... between the amount of assets under sub-custody and the performance of the mining sector in Australia. FSC chief economist James Bond confirmed that the slowing commodities boom and lower interest rates were probably behind this lag. However, he said ...