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Showing 771 - 780 of 3424 results for "SMI"

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
Commonwealth Bank chief executive Ian Narev has issued a statement of apology in the face of fresh allegations of unethical conduct within the financial services giant, this time within its insurance arm. A joint Four Corners and Fairfax investigation ...

Managed fund allocations jump

MARK SMITH  |  MONDAY, 7 MAR 2016
Self-managed super fund allocations to managed funds have jumped to record levels while fewer investors are holding shares directly, according to data OneVue has pulled from its SMSF platform. OneVue's survey for the December 2015 quarter found that ...

Hyperion named Fund Manager of the Year

MARK SMITH  |  MONDAY, 7 MAR 2016
Hyperion Asset Management has been named Australian Fund Manager of the Year at the Australian Morningstar Awards. The Australian equity house also took home two category awards for Domestic Equities and Domestic Equities - Small Cap. Morningstar praised ...

ANZ ready to fight ASIC over BBSW

MARK SMITH  |  MONDAY, 7 MAR 2016
ANZ has strongly rejected allegations of rate rigging by the Australian Securities and Investments Commission (ASIC). The regulator last week launched its legal case against the bank in the Federal Court in Melbourne for market manipulation of the bank ...

Zurich buys Macquarie Life

MARK SMITH  |  FRIDAY, 4 MAR 2016
Macquarie Group has entered into an agreement to sell its Macquarie Life insurance business to Zurich Australia. The deal will see Zurich's in force premiums go from $370 million to roughly $610 million, effectively increasing the size of the life business ...

FICAP unveils auction prizes for RockStar event

MARK SMITH  |  FRIDAY, 4 MAR 2016
The countdown is on to FICAP's 10th anniversary "Who wants to be a RockStar" night to be held on Thursday, 10 March at The Ivy. FICAP Chairman, Chris Larsen said "The committee have been working hard to make this the best year yet and have assembled ...

DomaCom starts bookbuild for LGBTI retirement village

MARK SMITH  |  FRIDAY, 4 MAR 2016
As the annual Sydney Gay and Lesbian Mardi Gras gears up for its big parade this weekend, DomaCom has begun to bookbuild Australia's first purpose designed retirement home for the gay community. The Linton Estate in Ballan, Victoria, was founded by ...

Perpetual Private partners law firm to help accountants with AFSLs

MARK SMITH  |  THURSDAY, 3 MAR 2016
Perpetual Private has announced a new partnership with Cowell Clarke Commercial Lawyers to help support accounting practices looking to obtain their own limited Australian Financial Services Licence (AFSL) as part of new rules coming in on July 1. The ...

Investment analysts overpaid and mostly redundant: Moore

MARK SMITH  |  THURSDAY, 3 MAR 2016
An obsession with peer risk and swollen investment teams in the funds management industry means end investors are getting expensive and mediocre performance from closet tracker funds, according to veteran chief investment officer of PM Capital, Paul ...

BNP Paribas Securities Services wins mandate

MARK SMITH  |  WEDNESDAY, 2 MAR 2016
AIA has appointed BNP Paribas Securities Services as its OTC derivatives operations provider. Under the mandate, BNP Paribas will provide trade management, collateral management and trade repository reporting in Hong Kong and Singapore. "We have been ...