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Investment

BlackRock loses $1.2 billion iPac Securities mandate

LINDA HAUSKEN  |  THURSDAY, 6 SEP 2012
It is understood that the multinational investment management firm BlackRock has lost a $1.2 billion active long only equity mandate awarded to them by iPac Securities.

Unlicensed director jailed

BEN COLLINS  |  THURSDAY, 6 SEP 2012
A Queensland woman who ran an unlicensed investment company, and purchased a house with the proceeds is now behind bars.

YBR posts a $6.83m loss

LINDA HAUSKEN  |  THURSDAY, 6 SEP 2012
Yellow Brick Road has reported a loss of $6.83 million against revenues of $14.8 million for the full year to 30 June.

ASIC lines up Macquarie Private

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
ASIC is in the preliminary stages of an investigation into Macquarie's private wealth division over concerns related to potential breaches by advisers.

15 Aus super funds in Top 300

BEN COLLINS  |  THURSDAY, 6 SEP 2012
Assets held by Australian super funds grew faster than any other country's during the five-year period to the end of 2011, said research by Pensions & Investments and Towers Watson.

Cash in on overseas asset offload

BEN COLLINS  |  THURSDAY, 6 SEP 2012
Australian pension funds are ahead of the curve with their allocations to real assets, but could further exploit opportunities overseas.

Changes sent packing

BEN COLLINS  |  THURSDAY, 6 SEP 2012
The separation between group and retail insurance will influence how superannuation funds package benefits for members in the future, said AIA Australia CEO Peter Crewe.

Fund manager loses $1 billion-plus mandate

LINDA HAUSKEN  |  WEDNESDAY, 5 SEP 2012
Fund manager loses $1 billion-plus mandate

AMP partners with Morningstar for research

LINDA HAUSKEN  |  WEDNESDAY, 5 SEP 2012
AMP Financial Services has appointed Morningstar as its preferred partner for research consultancy.

10,000 finance jobs slashed since GFC

BEN COLLINS  |  WEDNESDAY, 5 SEP 2012
At a time when Australian banks can afford to provide the best working conditions in the world, workers in financial services are under more pressure than ever, said Leanne Shingles, a spokesperson for the Finance Sector Union.