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MLC locks premium rates

RUTH LIEW  |  WEDNESDAY, 15 OCT 2008
MLC is locking its insurance level premium rates for the next five years and refreshing its product disclosure statements in its latest endeavour to draw fresh clients. MLC confirmed at its Insurance Forum today that the guarantee applies to new clients ...

Trust appoints managing director

MICHAEL HOBBS  |  FRIDAY, 10 OCT 2008
... Jonathon Sweeney, who announced he was leaving the role as in July. Sweeney remains managing director until Atkin takes over next year. Atkin has more than 20 years experience in mergers and acquisitions after working at Blake Dawson for six years and ...

Motivational advice for advisers

FINANCIAL STANDARD IS THE OFFICIAL MEDIA PARTNER OF THE AFA CONFERENCE  |  FRIDAY, 10 OCT 2008
... confidence, but an upcoming adviser conference will highlight that persistence in the face of adversity pays. The organisers behind next week's Association of Financial Advisers (AFA) conference in Melbourne have invited key motivational speakers to ...

Patience is a virtue

BENJAMIN ONG  |  FRIDAY, 10 OCT 2008
... meet this weekend and hopefully they would have engineered a comprehensive solution before financial market activity starts next week. Just as investors were impatient to buy during the bull run, now they could not wait to dump their holdings. Just as ...

Basis delays capital return, adds $38m

MICHAEL HOBBS  |  THURSDAY, 9 OCT 2008
... Aust-Rim fund for a month but said it will give back a further $38 million to unit holders of the Pac-Rim Opportunity fund next month. Basis Capital Funds Management has advised its investors that it intends to make a pro-rata partial return to capital ...

Lonsec hires head of ratings

COMPANY RELEASE  |  THURSDAY, 9 OCT 2008
... Ratings house Lonsec has appointed Paul Pavlidis as head of ratings - equity managed funds. Pavlidis will begin his role next January and will be responsible for coordinating Lonsec's research of global and Australian equity managed funds. He will lead ...

Central Banks must unite

BENJAMIN ONG  |  WEDNESDAY, 8 OCT 2008
... bank's lead - US equities were nonplussed. Hopes that the US Federal Reserve will lower interest rates at its FOMC meeting next week and news of another 'lender of last resort' intervention by the US central bank failed to revive market confidence. The ...

Military Super names Watson as new chief

MICHELLE BALTAZAR  |  TUESDAY, 7 OCT 2008
Military Super has appointed ARIA's deputy chief Paul Watson as its new head, effective next month. Watson takes on the new post after spending just over a year at ARIA, where he joined as deputy chief last July. Prior to joining ARIA, he was the deputy ...

Govt overhauls consumer credit regulation

MICHELLE BALTAZAR  |  FRIDAY, 3 OCT 2008
... dodgy mortgage dealers and unscrupulous 'payday lenders'. In phase one of the action plan, which should be in place by mid next year, the Commonwealth will now assume responsibility for key credit regulation, the Uniform Consumer Credit Code (UCCC) - ...

AXA to ramp up planning revenues by $60m

RUTH LIEW  |  THURSDAY, 2 OCT 2008
Advisers are expected to add up to $63 million to their books over the next five years through a new three-pronged business plan from AXA. AXA's new strategy revolves around the formula of securing the appropriate business partnerships, maximising the ...