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Showing 8761 - 8770 of 15804 results for "TER"

CBA granted renminbi licence

STAFF WRITER  |  TUESDAY, 2 JUN 2015
Commonwealth Bank has been granted a renminbi (RMB) licence for its Shanghai Branch by the China Banking Regulatory Commission (CBRC). The licence enables the bank to broaden its institutional offering to incorporate all aspects of trade and investment ...

Super reforms to hurt retirees

ALEX BURKE  |  TUESDAY, 2 JUN 2015
The Treasury's proposed changes to the Age Pension in the 2015 Budget were targeted at "liquid millionaires" claiming government assistance, but some industry figures say the new rules will hit the most vulnerable retirees over the long-term. According ...

Tax reform cannot be deferred any longer: AVCAL

DARREN SNYDER  |  TUESDAY, 2 JUN 2015
Improving Australia's tax system will allow greater access for equity capital investment in to local businesses and boost the entrepreneurial potential of the economy according to Australian Private Equity & Venture Capital Association Limited (AVCAL). ...

Risk inflows up despite tightening margins

ALEX BURKE  |  MONDAY, 1 JUN 2015
Total risk market inflows are up 9.5% to $14.5 billion in the year to March 2015. Research by actuarial firm Plan for Life shows that individual risk lump sum premium inflows accounted for the majority of the total, with $6.4 billion coming in during ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

NAS loses VFMC, retains VicSuper

MARK SMITH  |  MONDAY, 1 JUN 2015
Victorian Funds Management Corporation (VFMC) has appointed State Street as its custodian and administrator, ending a 21 year relationship with its previous custodian, NAB Asset Servicing. VFMC, which has $50 billion in funds under management, said ...

SMSFs need more investment diversity: FinaMetrica

DARREN SNYDER  |  MONDAY, 1 JUN 2015
Risk profiler FinaMetrica believes continued investment in Australian shares and cash could spell disaster for self-managed superannuation funds (SMSFs) when the local market corrects. The call came on top of managed funds data recently released by ...

Market to open lower

AAP  |  MONDAY, 1 JUN 2015
The Australian market looks set to open lower, following falls in US stocks. The June share price index futures contract was down 17 points at 5,761. The main Wall Street stock indexes were down by about 0.6 per cent on Friday, after a key consumer ...

PIMCO appoints former Lonsec CEO

STAFF WRITER  |  THURSDAY, 28 MAY 2015
Heading PIMCO Australia's new investment due diligence group will be former Lonsec Research chief executive, David Erdonmez. Erdonmez will be entering the role of senior vice president and account manager at PIMCO, beginning in June. He will report ...

World's largest sovereign wealth fund divests coal

ALEX BURKE  |  THURSDAY, 28 MAY 2015
Norway's Parliament has voted to divest further coal holdings from the country's US$882 billion sovereign wealth fund. Specifically, the country's finance committee will sell ownership in companies with more than a 30% stake in coal-related business. ...