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Superannuation

IMAP ready for take-off

HAMISH MADDEN  |  THURSDAY, 21 SEP 2006
The Institute of Managed Account Providers (IMAP) is set to hold its inaugural meeting to lay down a roadmap for the organisation going forward.

Adelaide Bank targets growth through wealth management

WWW.THESHEET.COM  |  THURSDAY, 21 SEP 2006
Retiring Adelaide Bank chief executive, Barry Fitzpatrick, said the bank will aim for greater revenue diversification by ramping up the wealth management side of the business.

Asteron adds to Wealthstar investment menu

HAMISH MADDEN  |  WEDNESDAY, 20 SEP 2006
Asteron has announced the addition of six new investment options to its Wealthstar suite of products.

ASIC bans building insurance broker

The Australian Securities and Investments Commission (ASIC) has banned former building insurance broker Dennis Murvan Gentry, of Collingwood, Victoria from providing financial services for five years.

Aust Unity integrates and posts solid profit growth

Funds management, health and retirement group Australian Unity has posted a pre-tax profit of $28.2 million for the year ended June 2006, up 42 per cent from $19.8 million in the previous year.

UBS builds adviser network through education

Wealth manager UBS has responded to the growing need for more wealth managers and advisers in Asia by setting up a campus in Singapore that will provide financial training to existing employees and would-be advisers.

Market wrap - midday

AAP  |  TUESDAY, 19 SEP 2006
The Australian share market opened strongly this morning despite a flat overnight lead from the US market. At 1015 AEST the benchmark S&P/ASX200 index was 25.6 points higher at 5,098.4 while the all ordinaries rose 24.6 points to 5,053.3.

ASIC chairman to head international auditors forum

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
Australian Securities and Investments Commission (ASIC) chairman, Jeffrey Lucy, has been appointed as inaugural chairman of the International Forum of Independent Audit Regulators (IFIAR).

Banks to fund consumer IT security: Symantec

Banks may have to pay for the IT systems of their clients if they want to avert the trend where consumers are refusing to transact online due to rampant IT identity theft and sophisticated internet scams.

Hatfield opts out of Packer's new Pengana

Only weeks after a Packer led consortium announced it was taking over Malcolm Turnbull's struggling Pengana Hedge Funds, its former principal, Damien Hatfield, together with its chief executive officer, Russell Pillemer, have sold out of the business.