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RBC Dexia appoints new Aussie head

HAMISH MADDEN  |  TUESDAY, 24 OCT 2006
... MacDonald, will step up to lead the company while Muto will help manage a smooth handover at the top through until March or April next year. Chief operating officer, Rob Wright, recognised the role Muto had played in growing the RBC Dexia business in ...

Market wrap - morning

AAP  |  TUESDAY, 24 OCT 2006
... hit an 18-month high after the world's biggest retailer said it expected to slow its store expansion and spending growth next year in an effort to boost return on investment. Sentiment also improved after the government said the US retail price of gasoline ...

FSR style licensing regime for mortgage brokers

WWW.THESHEET.COM  |  MONDAY, 23 OCT 2006
Mortgage brokers can expect to face a new licensing regime as early as next year that will align regulation of the mortgage broking industry with rules that prevail in the financial planning industry. Ian Clyde, chair of the Uniform Consumer Credit ...

Real estate commissions better than advisers': REIA

ALEX DUNNIN  |  FRIDAY, 20 OCT 2006
... the full range of potential investments or is entirely impartial.". The Inquiry will be holding public hearings in Sydney next Tuesday and in Melbourne the following day.

Daily economic round-up

PETER BELL  |  THURSDAY, 19 OCT 2006
... period. Meanwhile Bank Indonesia which cut its key rate to 10.75 per cent on October 5 aims to reduce the rate to 8.5 per cent next year so as to further strengthen economic growth. The NSW government has revised its budget surplus up by $390 million ...

More countries sign up for REITs

... investment trust (REIT) sector is poised for further growth with UK and Germany setting up REIT-like investment structures next year and other countries such as Italy, Finland, Mexico and Spain considering it. In a flying visit to Sydney this week, the ...

Guy Strapp to be replaced at BT

HAMISH MADDEN  |  WEDNESDAY, 18 OCT 2006
... investment officer of BT Financial Group after resigning from the group. Strapp, who has resigned to pursue a new challenge next year, will be replaced by Dirk Morris who has experience working with JP Morgan and Putnam Investments. Morris will begin ...

AFA launches its new website

HAMISH MADDEN  |  WEDNESDAY, 18 OCT 2006
... clients expect of the adviser's own websites. We believe that the site's functionality will meet their needs now and into the next decade. The AFA site is built around the concept of quickly adding capacity and more access as required," Klipin said. ...

MLC forms succession team to work with practices

HAMISH MADDEN  |  TUESDAY, 17 OCT 2006
... strength. "With at least one-third of the principals of MLC's aligned financial planning practices likely to retire over the next five years, succession is a key concern for our financial planners," Neill said. "MLC recognises that financial planners ...

Daily economic round-up

AAP  |  TUESDAY, 17 OCT 2006
... requiring most of its energy needs to be imported within a couple of decades, the pressure is on to set up contracts as soon as next month's energy meeting of the 25 plus EU nations.