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Investment

Bendigo and Adelaide bank execs loose bonus

BEN COLLINS  |  TUESDAY, 11 SEP 2012
The senior executive team at Bendigo and Adelaide Bank has taken a pay cut, with bonuses withheld in light of this year's profit drop.

Sunsuper creates new product division

LINDA HAUSKEN  |  TUESDAY, 11 SEP 2012
Sunsuper has created a new product division and appointed Andrew Nicholson to the executive role of general manager, product to its Brisbane office.

Altius: Role of fixed interest hazy

LINDA HAUSKEN  |  TUESDAY, 11 SEP 2012
Australian investors do not fully understand the role and benefits of fixed interest in a portfolio because of the statistical and complex nature of this asset class, according to an industry expert.

J.P. Morgan wins custodial services mandate

BEN COLLINS  |  TUESDAY, 11 SEP 2012
J.P. Morgan Worldwide Securities Services (WSS) has won a mandate to provide custodial and fund administration services to a number of additional Mosaic Portfolio Advisers (MPA) Limited funds.

Lazard consolidates Sydney foothold

MARK STORY  |  TUESDAY, 11 SEP 2012
In an attempt to consolidate its ties with Sydney clients, Melbourne-based Lazard Australia will acquire independent corporate advisory firm O'Sullivan Partners, led by founder and managing partner Tony O'Sullivan.

Brokerage domination chokes competition: Paritech

MELANIE TIMBRELL  |  TUESDAY, 11 SEP 2012
The net effect of the domination a handful of large players have over Australia's brokerage market is cheap brokerage fees, but expensive administration and little innovation.

Wilson HTM awarded damages

BEN COLLINS  |  MONDAY, 10 SEP 2012
Wilson HTM has been awarded $174, 416 in damages, after chief justice Patricia Bergin said this morning in the NSW Supreme Court, that commission and revenue statements tendered to rival broker Ord Minnett by Wilson's former Sydney desk boss Joseph Pagliaro ...

Adelaide adviser facing sentence

LINDA HAUSKEN  |  MONDAY, 10 SEP 2012
Former Adelaide adviser Robert Owen Bean has appeared in court on 52 charges of engaging in dishonest conduct including accusations of misappropriating over $3.1 million of client funds.

Super roundtable supports small business clearing house

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
A Council of Small Businesses of Australia (COSBOA) proposal to better promote the Government's small business super clearing house has received support from the fourth meeting of the Government's industry superannuation roundtable.

IAG urges Asia focus

LINDA HAUSKEN  |  MONDAY, 10 SEP 2012
Australian companies need to seriously start looking at investing in Asia or risk falling further behind the eight ball, warns Mike Wilkins, managing director at IAG.