InvestorDaily news

Fri 29 Aug 2008

Genesys adviser confirms breakaway groups

Advisers plan their exit

By Kate Kachor

An adviser within Genesys Wealth Advisers has confirmed a number of planners are intending to exit the group.... read more »

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AMP abandons takeover after profit slides

Priority to hold capital

By Vishal Teckchandani

AMP will likely withdraw its $31 million cash offer for MacarthurCook following a profit slump.... read more »

Mercer nabs $1 billion health mandate

Expands client base

By Chrisitne St Anne

Global firm Mercer broadens its business in the insurance market, scoring a five-year agreement with Medibank Private.... read more »

BT term deposits prove popular

Full suite of options

By Julie May

Since April, BT Wrap has taken $1 billion through more than 5500 term deposit applications.... read more »

More declines for wholesale market FUM

Three months in a row

By Alice Uribe

Research shows a drop in FUM across superannuation and wholesale trusts for the third consecutive month.... read more »

MFAA enforces member standards

Mortgage broker suspended

By Victoria Papandrea

The MFAA hands down its second disciplinary action this month with the suspension of another mortgage broker.  ... read more »

Thu 28 Aug 2008

• MacarthurCook approved for IOOF alliance
• Liquidity not an issue for whole property sector
• AWM well-positioned for acquisitions
• Green investment take up low: CoreData
• Perpetual promotes short-selling
• NabInvest hire part of expansion

Wed 27 Aug 2008

• Outrage over Kirk Genesys sale bonus
• BlackRock tightens property fund withdrawals
• Corboy wins FEAL award
• Major restructure for Great Southern
• ASIC and SEC forge new accord
• Suncorp merges retail and banking business

Tue 26 Aug 2008

• Shareholders don't need apology: Challenger
• Market volatility impacts client relations
• Findlay eyes financial services
• APRA's Abbott ban overturned
• JANA boosts implemented consulting platform
• VFMC appoints new CIO

Mon 25 Aug 2008

• Westpoint sentence too lenient: ASIC
• Challenger property funds on hold: S&P
• Weaknesses prompt changes at ANZ
• Unlisted property improves portfolio returns
• Alternatives beat global stocks: Schroders
• Sunsuper beefs up for national growth

Fri 22 Aug 2008

• SMSF stakeholders call for improved penalties
• Challenger to boost presence on platforms
• ASIC provides FHSA guide
• New degree meets FPA standards
• Russell goes live with IRESS data
• Aon signs on for responsible investment