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Investment

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Proposed new changes from Treasury would see the prudential regulator awarded pre-emptive powers to remove trustees, directors or officers of a superannuation fund where a breach of law was anticipated.

Adviser faces court on 22 charges

LINDA HAUSKEN  |  THURSDAY, 13 SEP 2012
Former WealthSure financial adviser, Brian William Veitch has appeared in court on 22 fraud charges, after he allegedly fraudulently transferred funds totalling $500,000 from seven client accounts without their knowledge or authority.

Mid-level PE an outstanding opportunity

BEN COLLINS  |  THURSDAY, 13 SEP 2012
This year will be an excellent vintage for private equity investments, said former Hyperion Asset Management founder and managing director, Dr Manny Pohl.

Marathon assets under review

BEN COLLINS  |  THURSDAY, 13 SEP 2012
At least $1.13 billion of superannuation assets are under review ahead of the retirement of Jeremy Hosking, a founder of Marathon Asset Management, in December.

Investment management hit by downturn

MARK STORY  |  THURSDAY, 13 SEP 2012
A cocktail of market blows since the GFC, which led super funds to reduce costs has meant significantly fewer clients for the investment management sector.

Glimmer of hope for house prices

MARK STORY  |  WEDNESDAY, 12 SEP 2012
Median house prices across Australia's capital cities increased over the June quarter by measly 1.4%, with other dwellings up 0.6%, according to the latest data from the Bendigo Bank/REIA Real Estate Market Facts report prepared by the Real Estate Institute ...

ISN blasts FSC's independence policy

BEN COLLINS  |  WEDNESDAY, 12 SEP 2012
The Financial Services Council's definition of independence is "novel," said David Whiteley, chief executive, Industry Super Network (ISN).

Defensive investors may have traded risks

BEN COLLINS  |  WEDNESDAY, 12 SEP 2012
Australian investors may have traded equity risk for interest rate risk, by switching into cash, said Doug Turek, managing director, Professional Wealth.

Denison: Adviser's action crucial to investment success

LINDA HAUSKEN  |  WEDNESDAY, 12 SEP 2012
Australian advisers play a crucial role in holding fund managers accountable to their investors, and in addressing poor investment performance, according to Denison Funds Management.

Money Solutions partners with ING DIRECT

LINDA HAUSKEN  |  WEDNESDAY, 12 SEP 2012
Money Solutions has been chosen as ING DIRECT's partner to deliver phone-based advice service in relation to its Living Super product that was launched last week.