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Showing 7881 - 7890 of 20556 results for "BEN"

Super skimming adviser permanently banned

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
A Gold Coast adviser was permanently banned by ASIC for acting dishonestly and engaging in misleading and deceptive conduct. Stewart Banks was a representative of Professional Investment Services (PIS) - a wholly-owned subsidiary of Centrepoint Alliance ...

NZ SMEs to receive $260m VC boost

JAMIE WILLIAMSON  |  MONDAY, 19 DEC 2016
The NZ Super Fund will invest $260 million into SMEs across New Zealand over the next five to ten years via a range of venture capital funds. The fund will invest up to NZ$90 million in Direct Capital's V Fund, up to NZ$120 million into Pioneer Capital's ...

Bendigo sells estates business

ALEX BURKE  |  MONDAY, 19 DEC 2016
Bendigo and Adelaide Bank sold the trust and estates business of its subsidiary, Sandhurst Trustees, for $5 million. As per media speculation, Equity Trustees has purchased the business, which comprises roughly 141 perpetual and ongoing trusts, representing ...

The year that was and the year that will be

BENJAMIN ONG  |  MONDAY, 19 DEC 2016
It's now a week before Christmas and two before we bid 2016 adieu! And what a year 2016 was. It scared you, I and Irene at the open. The Fed was going to raise interest rates and China's economy was heading for hard landing. These two factors alone ...

Industry fund seeks volatility overlay mandate

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
Volatility specialists Triple3 were recently awarded an equity overlay mandate from an industry super fund seeking further downside protection in its international equities portfolio. The mandate provides an equity risk mitigation strategy to about ...

Perpetual's Parkin resigns, successor named

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
Perpetual's deputy head of equities Nathan Parkin will step down effective immediately, with his replacement already named. Vince Pezzullo will take on the role, while Parkin's portfolio management responsibilities will be shared between Pezzullo and ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 16 DEC 2016
Australia employment There's good news and bad news in the Australian Bureau of Statistics' (ABS) latest update on the country's labour market. The unemployment rate increased to 5.7% in November, the highest rate since August this year and was more ...

Non-aligned advisers gifted growth opportunity

JAMIE WILLIAMSON  |  THURSDAY, 15 DEC 2016
Opportunities for non-aligned financial advisers to provide quality advice are growing as the industry's historically bad behaviour continues to repeat itself. That is the view of the 2016 AFA Practice of the Year Award winner Sam Henderson. Speaking ...

APAC multi-asset strategies receive tick

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
... of more than EUR 6000 ($A8500) and an average of 2296 traders every month. Saxo Capital Markets Australia chief executive Ben Smoker said an increasing number of the firm's traders were using the multi-asset, multi-product approach as the foundation ...

ANZ and Macquarie fined for cartel conduct

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
The Federal Court granted ANZ and Macquarie's wishes to pay fines totaling $15 million for attempted cartel conduct in 2011. As suggested to the court, ANZ will pay $9 million - admitting it engaged in 10 instances of attempted cartel conduct in contravention ...