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Showing 71 - 80 of 100+ results for Matt Woodington

ASIC warns CFOs after Westpoint sentencing

MATT WOODINGTON  |  MONDAY, 12 SEP 2011
The Australian Securities and Investments Commission reminded the industry of its legal responsibilities after former Westpoint chief financial officer Graeme Rundle received an 18-month suspended sentence. Rundle, found guilty of two counts of making ...

Australian Unity revenue reaches $1bn

MATT WOODINGTON  |  FRIDAY, 9 SEP 2011
Australian Unity Group reported annual revenue of $1 billion for the first time in its results for the year ending June 30, 2011. The company reported a 34% boost in operating earnings to $31.7 million, while profit after tax grew 50% on the previous ...

Super growth static, public sector grows on Health Super merger

MATT WOODINGTON  |  FRIDAY, 9 SEP 2011
The superannuation industry was unable to grow during the June 2011 quarter, as benefit payments and market losses caused almost $24 billion of contributions to go unrewarded. According to the Australian Prudential Regulation Authority (APRA), Industry ...

ASFA calls for rethink on contribution caps

MATT WOODINGTON  |  FRIDAY, 9 SEP 2011
Government policy on concessional contribution caps is causing significant difficulties to super funds members, according to The Association of Superannuation Funds of Australia. In a new submission to the Treasury, ASFA said the halving of concessional ...

Smaller lenders to take brunt of Basel III reforms

MATT WOODINGTON  |  THURSDAY, 8 SEP 2011
Smaller institutions such as credit unions and building societies are likely to be hardest hit by the Basel III capital reforms, said PwC, following the Australian Prudential Regulation Authority's release of a discussion paper on the subject. APRA ...

Fortnum launches UMA to protect SMSF retirees

MATT WOODINGTON  |  THURSDAY, 8 SEP 2011
Fortnum Financial Advisers has launched a new unified managed account providing protection for self managed super funds in the pension draw down phase. The e-Clipse unified managed account (UMA), which is supported by global partners P2group and Milliman ...

Omega bond launch timed for asset allocation shift

MATT WOODINGTON  |  THURSDAY, 8 SEP 2011
Omega Global Investors launches a new bond fund tomorrow, positioning itself to benefit from an expected shift from equities to fixed interest in the institutional and retail market. The fund is being seeded with $200 million and will offer investors ...

Littler departure puts CFSGAM fund on hold

MATT WOODINGTON  |  WEDNESDAY, 7 SEP 2011
Martin Littler, the senior portfolio manager of Colonial First State Global Asset Management's core Australian equities team, will retire on September 16. In February this year Littler handed over the leadership of the team to Matthew Reynolds, who ...

Super funds signal intention to delve into overseas property

MATT WOODINGTON  |  WEDNESDAY, 7 SEP 2011
Superannuation funds are set to plough $40 billion into real estate investments over the next two years, with plans to significantly raise their exposure to global non-listed property, according to new research. The study conducted by Russell Investments ...

Australian funds lead global asset growth

MATT WOODINGTON  |  TUESDAY, 6 SEP 2011
Australia now has four representatives in the top 100 global institutional funds ranked by Towers Watson, as the super system drives superior growth to the rest of the world. According to a research study conducted by Towers Watson and US investment ...