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Investment

No super profits tax for banks: Coalition

RUTH LIEW  |  FRIDAY, 13 AUG 2010
The Australia Institute's call to introduce a super profits tax on banks has been dismissed by the Coalition, which cites such a tax will only burden customers and investors.

Wealth mgmt earnings boost CBA results

JOHN MCDULING  |  THURSDAY, 12 AUG 2010
Wealth management continues to be a significant contributor to Commonwealth Bank's profits, with the division posting double-digit earnings growth in the group's results released yesterday.

Direct property a beacon for instos

RUTH LIEW  |  THURSDAY, 12 AUG 2010
Competition is heating up among local and international pension funds to tap Australia's direct property market - but investments still abound for opportunistic insto investors, said a global real estate fund manager.

FSC launches trustmark for consumers

RUTH LIEW  |  THURSDAY, 12 AUG 2010
AMP, AXA, Colonial First State and ING are among the Financial Services Council members that will have to comply with a new set of standards set by the FSC, following the launch of its consumer-centric "trustmark".

St.George launches 360 cash products

MEDIA RELEASE  |  TUESDAY, 10 AUG 2010
St.George is targeting financial advisers and broking firms looking for cash management vehicles with the launch of its 360 cash products.

SSgA hits $3bn in ETFs

COMPANY RELEASE  |  TUESDAY, 10 AUG 2010
State Street Global Advisors has reached the $3 billion in total funds under management mark for its SPDR range of Exchange Traded Funds (ETFs) in Australia, up more than 50 per cent over 12 months.

Balmain offers $295m to City Pacific investors

RUTH LIEW  |  TUESDAY, 10 AUG 2010
BalmainTRILOGY (BT) is aiming to return $295 million to embattled unitholders of the Pacific First Mortgage Fund.

INGIM hires southern region manager

COMPANY RELEASE  |  TUESDAY, 10 AUG 2010
ING Investment Management Australia has appointed former AXA Australia sales manager Stuart Devlin as its southern region manager.

Top CEOs back statutory fiduciary duty for advisers

MICHELLE BALTAZAR  |  MONDAY, 9 AUG 2010
The country's top executives in financial services said that the Ripoll Inquiry recommendation to impose statutory fiduciary duty for financial advisers is the best way to improve the quality of advice, a survey shows.

SGX improves bonds trading

MEDIA RELEASE  |  MONDAY, 9 AUG 2010
The Singapore Exchange is hoping to lure more institutional investors to trade Singaporean bonds by improving the listing, trading and distribution of fixed income products.