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Showing 921 - 930 of 1631 results for "Division 2"

Challenger stages lifetime annuities comeback

MARK SMITH  |  WEDNESDAY, 19 JUN 2013
Lifetime annuities could be staging a dramatic comeback with Challenger targeting sales of $240 million in the 2013 financial year. According to figures from Plan For Life, the industry has not seen demand of that size since 2004, when the top six companies ...

CBA launches MySuper compliant product

ALICE URIBE  |  MONDAY, 17 JUN 2013
The Commonwealth Bank (CBA) has targeted its small business and younger unadvised customers with the launch of a simple, low-cost superannuation offering. The product called, Essential Super, will be rolled out to CBA's customers from July 1, and is ...

SEC charges US adviser with pension fund theft

ALEX DUNNIN  |  THURSDAY, 13 JUN 2013
The US regulator the Securities and Exchange Commission has charged the leader of a Detroit-based investment adviser for stealing nearly $3.1 million from a public sector pension fund. The SEC alleges that Chauncey C Mayfield, who is the founder, president ...

IFM look to Latin America in latest appointment

JAMES FERNYHOUGH  |  FRIDAY, 7 JUN 2013
Industry Funds Management (IFM) has appointed Nicolas Villen as an external senior adviser to its US$7.1 billion Global Infrastructure Fund. Villen has worked extensively in Spain, including 20 years at Spanish multinational Ferrovial, S.A. His appointment ...

SME with accountant advice are more successful: research

LAURA MILLAN  |  THURSDAY, 6 JUN 2013
Small and medium enterprises (SME) using their accountants as advisers are more likely to achieve financial success, according to MYOB Business Monitor research. The March 2013 MYOB Business Monitor found that 21% of SMEs with an advisory relationship ...

Market Wrap PM

AAP  |  MONDAY, 27 MAY 2013
Australian stocks have opened weaker, with David Jones among the worst performers after the department store chain posted a decline in third quarter sales. The retailer's third quarter sales fell by 2.2 per cent from the same period last year to $399.8 ...

Sunsuper creates product management roles

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
Sunsuper has expanded its product management capabilities with the appointment of three new product senior managers. The three newly created roles are focused at designing, developing and releasing new products in response to members' needs in superannuation ...

CommBank wealth division enjoys strong March quarter

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Commonwealth Bank of Australia (CBA)'s wealth management and insurance division grew by 4% in the three months to 31 March. In an update to the Australian Securities Exchange (ASX), Australia's largest company said that funds under administration and ...

IM focus at slimmed down Russell

MARK SMITH  |  TUESDAY, 14 MAY 2013
The Australian market's political cost-cutting agenda is to blame for the loss of swathes of financial services jobs, according to Russell Investments managing director Alan Schoenheimer, who is refocusing Russell's business on its investment management ...

Macquarie launches fund for significant investor visa migrants

MARK SMITH  |  WEDNESDAY, 8 MAY 2013
Macquarie Specialist Investments (MSI) has launched the Macquarie SIV Cash Fund, a new investment solution aimed at investors applying for the Significant Investor Visa (SIV). The Significant Investor Visa is a permanent residency visa launched at the ...