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03 September 2009 • By Pamela Koh • 1 min read

MLC expands sales force

MLC has continued to boost its sales team, appointing a head of platform sales.National Australia Bank (NAB) wealth management arm MLC has hired ...

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Harsh outcomes for contributions cap breaches

Individuals breaching the contributions caps could face a 93 per cent tax penalty.Exceeding the superannuation contributions cap could lead to ...

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Departing IFSA chief reveals career highlights

Outgoing IFSA chief Richard Gilbert reveals the highlights of his 12-year career with the association.Former Investment and Financial Services ...

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Hedge funds rise for fifth straight month

Hedge funds rose for the fifth consecutive month in July, returning an average 3.31 per cent as stocks gained worldwide.Hedge ...

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Bonds lose lustre as market rebounds

While bonds are in favour, shares will be able to offer investors better risk premiums over the long term: AMP.Bonds may seem attractive in a bear ...

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Diversification still works: Axa CIO

Investors should still be constructing diversified portfolios regardless of the GFC experience.Despite the fact all asset classes fell at the ...

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American Century wins Zurich mandate

Zurich has hired American Century to its diversified funds as the firm moves to a multi-manager structure in international shares

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Macquarie says not a Storm advice giver

Macquarie has used its submission to the parliamentary inquiry into Storm Financial to distance itself from the collapsed advice group.Macquarie ...

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Gunns raises $145m for MIS purchases

Gunns will raise $145 million to fund the purchase of ITC Timber.Integrated forestry company Gunns has announced a $145 million equity ...

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Out of left field

Perhaps I'm missing something, but ASIC being handed the reins of monitoring the Australian financial markets is a little left field. Right?Last week ...

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